Oaktree Capital Group (OAK) Tops Q1 EPS by 1c

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Oaktree Announces First Quarter 2016 Financial Results

April 28, 2016 8:31 AM EDT

As of March 31, 2016 or for the quarter then ended:

Management fees rose to a quarterly record of $201.3 million, driving an increase in fee-related earnings to $62.4 million, up 6% and 25%, respectively, from the first quarter of 2015. Adjusted net income was $105.0 million (or $0.49 per Class A unit), down from $150.0 million ($0.81 per unit) for the first quarter of 2015, on lower incentive income and investment income, partially offset by higher fee-related earnings. Distributable earnings were $125.7 million (or $0.68 per Class A unit), down from $135.2 million ($0.77 per unit) for the first quarter of... More