Blackstone's Q4 Earnings Tops Forecasts, Private Equity Earnings Skyrocket 270%, CEO Calls Q4 'One Of The Best'

Blackstone Inc BX shares are trading higher after it reported fourth-quarter fiscal year segment revenues of $4.15 billion, beating the consensus of $3.84 billion.

Distributable earnings (DE) rose 56% year-over-year (Y/Y) to $2.17 billion. Fee-related earnings increased 76% Y/Y to $1.84 billion.

Fee-related earnings fell 5% Y/Y in real estate while rising 27% in the Credit & Insurance business and 270% in the Private Equity segments.

Net accrued performance revenue rose to $6.28 billion in the quarter from $5.84 billion in the prior year quarter.

Distributable earnings per share of $1.69 (+52% Y/Y), beating the consensus of $1.45.

Asset under management rose 8% Y/Y to $1.127 trillion, with inflows of $57.5 billion in the quarter.

Dividend: Blackstone declared a quarterly dividend per share of $1.44, payable on February 18, to shareholders of record as of February 10, 2025.

Buyback: The company repurchased 0.3 million shares in the fourth quarter, with available authorization remaining of $1.8 billion as of December 31, 2024.

As of December 31, 2024, Blackstone had $9.7 billion in total cash, cash equivalents, corporate treasury and other investments.

"Blackstone reported one of the best quarters in our history. Earnings growth accelerated sharply, while the key drivers of our business – inflows, investment activity and realizations – all reached their highest levels in two-and-a-half years,” Stephen A. Schwarzman, chairman and CEO said.

”Blackstone's distinctive ability to innovate and build market-leading businesses continues to power our growth. As we move forward in 2025, the firm is exhibiting significant momentum."

Investors can gain exposure to the stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO and AdvisorShares Gerber Kawasaki ETF GK.

Price Action: BX shares are up 2.22% at $189.50 premarket at the last check Thursday.

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