Blackstone Q2 Distributable Earnings Jump 26% on Record Inflows, AUM Hits $1.35T
BX sits 26% above its 52-week low of $101.73.
Summary
Blackstone delivered a strong Q2, with distributable earnings rising 26% to $1.98 billion, or $1.52 per share, driven by $68.3 billion in quarterly inflows. Total assets under management climbed 11% year-over-year to $1.35 trillion, and fee-related earnings increased 22% to $1.78 billion. The firm's AI-focused strategy is paying off, with CEO Schwarzman highlighting standout performance across strategies tied to the AI megatrend. Dry powder stands at $228.1 billion, providing ample capacity for future deployment. This follows a series of major AI infrastructure moves, including the Google TPU Cloud joint venture and the $35 billion AI infrastructure fund commitment. The results reinforce Blackstone's position as a leading beneficiary of the AI buildout, with significant capital already committed and more on the way.
At the time of this announcement, BX was trading at $127.72 on NYSE in the Finance sector, with a market capitalization of approximately $150B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.