Blue Owl Capital Corporation (NYSE:OBDC) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET

Company Participants

Mike Mosticchio - Head of BDC Investor Relations
Craig Packer - Chief Executive Officer
Logan Nicholson - President
Jonathan Lamm - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Brian McKenna - Citizens JMP Securities LLC
Casey Alexander - Compass Point Research & Trading
Mickey Schleien - Ladenburg Thalmann & Co. Inc.
Robert Dodd - Raymond James & Associates, Inc.
Finian O'Shea - Wells Fargo Securities

Operator

Good morning, everyone, and welcome to Blue Owl Capital Corporation's Third Quarter 2024 Earnings Call. As a reminder, this call is being recorded.

At this time, I'd like to turn the call over to Mike Mosticchio, Head of BDC Investor Relations. Please go ahead.

Mike Mosticchio

Thank you, operator, and welcome to Blue Owl Capital Corporation's third quarter earnings conference call.

Yesterday, Blue Owl Capital Corporation issued its earnings release and posted an earnings presentation for the third quarter ended September 30, 2024. These should be reviewed in conjunction with the Company's 10-Q filed yesterday with the SEC.

All materials referenced on today's call, including the earnings press release, earnings presentation and 10-Q are available on the Investors section of the Company's website at blueowlcapitalcorporation.com.

Joining us on the call today are Craig Packer, Chief Executive Officer; Logan Nicholson, President and Jonathan Lamm, Chief Financial Officer.

I'd like to remind listeners that remarks made during today's call may contain forward-looking statements, and are not guarantees of future performance or results and involve a number of risks and uncertainties that are outside of the Company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described in OBDC's filings with the SEC.

The Company assumes no obligation to update any forward-looking statements. Certain information discussed on this call and in the Company's earnings materials, including information related to portfolio companies, was derived from third-party sources and has not been independently verified. The Company makes no such representations or warranties with respect to this information.

With that, I'll turn the call over to Craig Packer, Chief Executive Officer of OBDC.

Craig Packer

Thanks, Mike. Good morning, everyone, and thank you all for joining us today. We delivered strong third quarter results driven by continued portfolio performance and robust investment activity. We achieved ROE for the quarter of 12.4%, our seventh consecutive quarter of double-digit ROE and dividend yield, reflecting our attractive asset base and the resilient credit quality of our portfolio.