Blackstone reports Q3 distributable EPS $1.52, consensus $1.23

Reports Q3 revenue $3.09B, consensus $3.11B. Reports total Assets Under Management of $1,241.7T, including fee-earning AUM of $906.2B and perpetual capital AUM of $500.6B. Reports inflows of $54.2B in the quarter and $225.4B over the last twelve months. Stephen Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone (BX) reported an exceptional third quarter, highlighted by outstanding financial results and robust fund-raising momentum across our three major channels – institutions, insurance and individuals. Inflows reached $54 billion in the quarter and $225 billion over the last twelve months. The leading platforms we’ve established in key growth areas, such as digital and energy infrastructure, are helping power investment performance for our clients and position us extraordinarily well for the future.”