Blackstone (BX) Tops Q4 EPS by 18c

Blackstone (NYSE: BX) reported Q4 Distributable Earnings of $0.92 per unit, $0.18 better than the analyst estimate of $0.74. Revenue for the quarter came in at $2.137 billion versus the consensus estimate of $1.47 billion.

Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported record full year 2014 results across all of our key metrics. Economic Net Income (“ENI”) rose 24% and Distributable Earnings (“DE”) rose 64%, respectively, from the prior year record amounts. Our ENI and DE have both compounded at double-digit annual rates since the time of our public offering seven years ago, demonstrating sustained exceptional investment performance and growth across the platform. While we distributed a record $45 billion to our fund investors during the year through realizations, our significant inflows of $57 billion and strong investment performance propelled total AUM to a record $290 billion. Looking forward, we see continued momentum across all of our businesses as the environment for both investing opportunistically and harvesting more seasoned assets remains attractive.”

For earnings history and earnings-related data on Blackstone (BX) click here.

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