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Owl Rock Capital Corporation (NYSE: ORCC) will release its financial results for Q1 2023 on May 10, 2023, after market close. A conference call is scheduled for May 11, 2023, at 10:30 a.m. ET to discuss these results. As of December 31, 2022, ORCC had investments in 184 companies, with an aggregate fair value of $13.0 billion, and is externally managed by Owl Rock Capital Advisors LLC, part of Blue Owl Capital (NYSE: OWL), which manages approximately $68.6 billion in assets.
Investors should note that forward-looking statements contained in the announcement carry risks and uncertainties that may affect actual results. For further details, interested parties can join the live webcast on ORCC's website.
Owl Rock Capital Corporation (NYSE: ORCC) reported strong financial results for the full year and fourth quarter ending December 31, 2022. The fourth quarter net investment income (NII) was $0.41 per share, surpassing the dividend of $0.33 per share, leading to a total dividend of $0.37 per share. The net asset value (NAV) per share increased to $14.99. New investment commitments for 2022 were $1.77 billion, a significant decrease from $6.82 billion in 2021. Investment income rose to $1.2 billion for the year, primarily due to higher portfolio yields. Total expenses also increased to $639.5 million, driven by higher interest expenses.
Owl Rock Capital Corporation (NYSE: ORCC) plans to release its financial results for Q4 and the fiscal year ending December 31, 2022, on February 22, 2023, after market close. A conference call will follow on February 23, 2023, at 10:00 a.m. ET, to discuss these results. As of September 30, 2022, ORCC had investments in 180 companies with a fair value of $12.8 billion. The company is a specialty finance firm focusing on U.S. middle-market lending and is managed by Owl Rock Capital Advisors LLC, an affiliate of Blue Owl Capital.
Owl Rock Capital Corporation (NYSE: ORCC) reported a strong third quarter for 2022 with net investment income of $146.8 million ($0.37 per share) and net income of $265.4 million ($0.67 per share), reflecting a solid performance in a challenging market. The company's net asset value rose to $14.85 per share, up 2.5% from the previous quarter. A quarterly dividend of $0.33 per share has been declared for Q4 2022, alongside a supplemental $0.03 per share dividend. Additionally, a $150 million stock repurchase program was approved to enhance shareholder value, with expectations for improved earnings next quarter.
Owl Rock Capital Corporation (NYSE: ORCC) will release its third quarter financial results for the period ending September 30, 2022, on November 2, 2022, after market close. A conference call to discuss these results is scheduled for November 3, 2022, at 10:00 a.m. Eastern Time. As of June 30, 2022, ORCC held investments in 168 portfolio companies valued at $12.6 billion, managed by Owl Rock Capital Advisors LLC, part of Blue Owl Capital Inc. Investors should note that forward-looking statements in the PR involve risks and uncertainties.
Owl Rock Capital Corporation (NYSE: ORCC) reported a net investment income of $125.1 million or $0.32 per share for Q2 2022, but also faced a net loss of $34.9 million or $(0.09) per share. The net asset value per share decreased to $14.48 from $14.88 in Q1 2022. The company announced a $0.31 per share dividend for Q3 2022, with new investment commitments rising to $603.4 million across 16 new portfolio companies. Despite strong portfolio performance, 1 company is on non-accrual status, and total expenses rose to $146.6 million, driven by interest and management fees.