Oaktree Specialty Lending reported second-quarter results that beat analyst profit estimates, driven by lower non-accruals and successful portfolio workouts. Revenue fell 7.8% year on year to $69.43 million, matching expectations, while adjusted earnings per share of $0.37 exceeded the consensus of $0.36. Non-accruals declined to approximately 1.8% of the debt portfolio at fair value after the company exited five troubled positions, including recovering over 80% of its loans to Amazon aggregator Thrasio. Management maintained a conservative net leverage of 1.02x and emphasized disciplined underwriting amid a slower private credit market.
Oaktree Specialty Lending CorpQ2 earnings beat estimates with lower non-accruals and successful workouts
