Blackstone reports $1.7 billion in distributable earnings

Blackstone reported $1.7 billion in distributable earnings for its third quarter of 2026, representing the net cash available for dividends. The company’s total assets under management reached $1.4 trillion.

Management highlighted three primary growth drivers: the expansion of AI infrastructure through data centers secured by long-term contracts with creditworthy counterparties; the growth of the wealth channel, with its flagship private equity vehicle BXP reaching $29 billion in net asset value; and the expansion of the investment grade private credit business, which grew 24% year-over-year to nearly $150 billion to meet insurance company demand.

Financial results for the quarter ending September 30, 2026, showed earnings per share of 413.94 ARS, up from 353.57 ARS in the previous year's quarter. Revenue for the period was 4,359.14 billion ARS, a decrease of 7.92% compared to 4,734.11 billion ARS in the prior year's quarter.