Blue Owl Technology Finance Corp. (NYSE: OTF), a New York-based business development company providing direct lending and equity investments to technology firms, saw its stock decline 7% over the past month following a missed Q1 2026 revenue target of $325.9 million against estimates of $340.1 million, though earnings per share topped consensus at $0.29. The company maintained its $0.35 base dividend plus $0.05 special dividend despite net asset value dropping to $16.49 from $17.33 due to widened credit spreads; the Street projects 35% upside over 12 months as earnings recover.
In a June 16 SEC filing, Blue Owl amended its senior secured credit agreement for the fourth time, extending the revolver's availability period to June 2030 from December 2028 and pushing overall maturity to June 2031, providing additional runway before refinancing. Management cautioned that fully covering the base dividend with earnings may take longer than expected, while Q2 2026 guidance calls for revenue around $337.53 million and EPS of $0.3. The company will release next earnings on August 5.
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