Blackstone Inc. (BX), an alternative asset manager, reported Thursday that its second-quarter net income attributable to the company was $601 million, compared to last year's loss of $29.39 million.
Earnings per share were $0.79, compared to loss of $0.04 a year ago.
Distributable earnings were $1.21 billion, compared to $1.99 billion last year. Distributable earnings per share were $0.93, compared to $1.49 a year ago.
On average, 15 analysts polled by Thomson Reuters expected earnings of $0.93 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues were $2.81 billion, up from $629.22 million in the prior year. Total Segment revenues fell 43 percent to $2.35 billion from $4.15 billion a year ago. The Street was looking for revenues of $2.41 billion for the quarter.
Total Assets Under Management or AUM was $1.0 trillion, up 6 percent year-over-year.
Stephen Schwarzman, Chairman and Chief Executive Officer, said, "Blackstone is the first alternative manager to surpass $1 trillion of assets under management. … We believe we are in the early stages of the long-term growth of the alternatives industry, providing a vast opportunity for further expansion."
Further, Blackstone has declared a quarterly dividend of $0.79 per share to record holders of common stock at the close of business on July 31. This dividend will be paid on August 7.
In pre-market activity on the NYSE, Blackstone shares are trading at $104.79, down 3.38 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.