---
schema_version: "secwatch.filing_event.v1"
accession: "0001655888-26-000034"
form_type: "8-K"
ticker: "OBDC"
cik: "0001655888"
company_name: "Blue Owl Capital Corp"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:46:36.256331+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Capital Q1 adj. NII $0.31/share; base dividend cut to $0.31

## Summary
- GAAP NII per share $0.32; adjusted NII per share $0.31, down from $0.36 prior quarter.
- NAV per share $14.41 vs $14.81 at Dec 31, 2025, due to credit spread widening.
- New investment commitments $676M; sales/repayments $1.5B. Non-accruals stable at 2.0%/1.0%.
- Moody's upgraded OBDC to Baa2; board approved $300M stock buyback, $35M executed in Q1.
- Q2 base dividend set at $0.31/share, adjusted downward; supplemental dividend framework intact.

## SEC filing metadata
- accession: 0001655888-26-000034
- form_type: 8-K
- ticker: OBDC
- cik: 0001655888
- company_name: Blue Owl Capital Corp
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655888/000165588826000034/0001655888-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655888/000165588826000034/obdc-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001655888-26-000034
- JSON: https://secwatch.observer/filing/0001655888-26-000034.json
- Plain text: https://secwatch.observer/filing/0001655888-26-000034.txt

## Source-grounded claims
- claim_id: bfd0df9d33e81e631e1057eb1571a365eed2437b
  claim: Blue Owl Capital Corp reported financial results for first quarter ended March 31, 2026.
  evidence_excerpt: On May 6, 2026, Blue Owl Capital Corporation (the “Company”) issued a press release announcing its financial results for the first quarter and quarter ended March 31, 2026. The press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655888/000165588826000034/0001655888-26-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.