Oaktree Capital Group (OAK) Tops Q3 EPS by 27c, Revenues Beat
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Oaktree Announces Third Quarter 2018 Financial Results
October 25, 2018 8:30 AM EDTAs of September 30, 2018 or for the quarter then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) Class A unitholders was $52.8 million ($0.74 per unit), up from $45.8 million ($0.71) for the third quarter of 2017. Adjusted net income was $137.5 million ($0.78 per unit), up from $131.4 million ($0.67) for the third quarter of 2017, on $320.2 million of total adjusted revenues. Distributable earnings were $147.8 million ($0.88 per unit), up from $119.0 million ($0.74) for the third quarter of 2017, driven by higher realized investment income proceeds and incentive income.... More