BX · Full Picture

Blackstone Inc. — the full picture

Earnings window · 2026-07-17 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Accrued Performance Revenues · UnclassifiedPriority 80
    +55.5% revenue (realized); 1 forward row(s); structured_verified
    Private Equity Fee Related Performance Revenues were $391,387 thousand for the three months ended June 30, 2026, an increase of $199,056 thousand (103%) versus prior year quarter, primarily attributable to higher performance revenues in BXPE and crystallization of performance revenues in BXINFRA.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 80
    +79.7% revenue (realized); 2 sources (news, sec_filing); structured_verified
    Blackstone Inc. Q2 2026 consolidated revenue: $5.04 billion, a 36% year-over-year increase; net income attributable to Blackstone Inc.: $1.229 billion, up 61%; diluted EPS: $1.54, up 57%.
  3. Capital Commitments and Obligations · Commitments & obligationsPriority 79
    -10.1% liability; 1 forward row(s); quote_verified
    Blackstone and General Partner original total capital commitments: $13,592,897 (thousands) with remaining commitments of $5,904,553 (thousands) as of June 30, 2026.
  4. Private Equity Segment Growth · UnclassifiedPriority 76
    +121.0% revenue; 2 forward row(s); structured_verified
    Private Equity Segment Distributable Earnings were $1,967,158 thousand for the six months ended June 30, 2026, an increase of $651,148 thousand (49%) versus prior year period.
  5. Investment Income Drivers · Investments & securitiesPriority 75
    +32.8% operating_income (realized); structured_verified
    Total Investment Income was $2,472,721 thousand for the three months ended June 30, 2026, an increase of $867,056 thousand or 54% compared to $1,605,665 thousand for the three months ended June 30, 2025.
  6. Assets Under Management Growth · UnclassifiedPriority 74
    +102.0% revenue; 3 forward row(s); quote_verified
    Total Assets Under Management increased $71,332,601 thousand ($71.3 billion) compared to $1,274,931,234 thousand at December 31, 2025 to $1,346,263,835 thousand at June 30, 2026.
  7. Credit Insurance Earnings Decline · UnclassifiedPriority 74
    -133.8% revenue; 1 forward row(s); structured_verified
    For the six months ended June 30, 2026, the $200.2 million decrease in Unrealized Investment Income was primarily attributable to a decrease of $507.8 million in the Credit & Insurance segment primarily attributable to lower unrealized appreciation of Corebridge common stock.
  8. Real Estate Segment Performance · UnclassifiedPriority 74
    -11.2% revenue; 4 forward row(s); structured_verified
    For the six months ended June 30, 2026, Real Estate unrealized appreciation increased by $529.1 million compared to unrealized depreciation in the six months ended June 30, 2025.
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 70
    -24.5% operating_income (realized); quote_verified
    Multi-Asset Investing Fee Related Earnings for the three months ended June 30, 2026: $83,427 (thousands), an increase of $19,978 (31%) compared to $63,449 for the three months ended June 30, 2025.
  10. Outstanding Indebtedness · Debt, leverage & refinancingPriority 64
    -1.2% liability; 1 forward row(s); structured_verified
    Blackstone's $4.325 billion unsecured Revolving Credit Facility maturity date: October 16, 2030.
  11. Blackstone-PPL Energy JV · UnclassifiedPriority 62
    1 forward row(s); quote_verified
    PPL reported signed data center agreements in Pennsylvania totaling 32 GW and said its joint venture with Blackstone, Invitium Energy, is eyeing a potential $12.5–15 billion investment in new generation.
  12. Hollywood Loan Special Servicing · UnclassifiedPriority 61
    1 forward row(s); quote_verified
    A $1.1 billion loan to Hudson Pacific Properties and Blackstone, backed by Hollywood studio properties partially leased to Netflix, has moved into special servicing ahead of its August 9 maturity date.

Threads by pillar

Revenue & Demand Priority 85 · 4 threads

Costs & Margins Priority 70 · 1 thread

Capital & Balance Sheet Priority 94 · 7 threads

Strategy & Portfolio Priority 41 · 2 threads

Macro & Market Conditions Priority 66 · 4 threads

Management & Governance Priority 31 · 1 thread

Shareholders & Street Priority 39 · 1 thread

Unclassified Priority 98 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+78.0%+530.4%+148.2%
liability-11.2%+11.2%-5.6%
cash-2.7%+2.7%—
assets——+12.3%
operating_income——+78.7%
net_income——+34.3%