2024-07-18 13:44:08 ET
Blackstone Inc. (BX)
Q2 2024 Earnings Call Transcript
July 18, 2024 09:00 a.m. ET
Company Participants
Steve Schwarzman - Chairman, CEO
Jon Gray - President, Chief Operating Officer
Michael Chae - Chief Financial Officer
Weston Tucker - Head of Shareholder Relations
Conference Call Participants
Craig Siegenthaler - Bank of America
Alex Blostein - Goldman Sachs
Glenn Schorr - Evercore ISI
Crispin Love - Piper Stanler
Brian Bedell - Deutsche Bank
Ken Worthington - JPMorgan
Dan Fannon - Jefferies
Benjamin Budish - Barclays
Brennan Hawken - UBS
Bill Katz - TD Cowen
Patrick Davitt - Autonomous Research
Arnaud Giblat - BNP
Presentation
Operator
Good day, and welcome to the Blackstone Second Quarter 2024 Investor Call. Today's call is being recorded. At this time all participants are in a listen-only mode. [Operator Instructions].
At this time, I'd like to turn the conference over to Weston Tucker, Head of Shareholder Relations. Please go ahead.
Weston Tucker
Great. Thank you and good morning and welcome to Blackstone's second quarter conference call. Joining today are Steve Schwarzman, Chairman and CEO; Jon Gray, President and Chief Operating Officer; and Michael Chae, Chief Financial Officer.
Earlier this morning we issued a press release and slide presentation which are available on our website. We expect to file our 10-Q report in a few weeks.
I'd like to remind you that today's call may include forward-looking statements which are uncertain and may differ from actual results materially. We do not undertake any duty to update these statements. For a discussion of some of the factors that could affect results, please see the Risk Factors section of our 10-K. We'll also refer to non-GAAP measures and you'll find reconciliations in the press release on the shareholders page of our website.
Also note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. This audio cast is copyrighted material of Blackstone and may not be duplicated without consent.
So quickly on results, we reported GAAP net income for the quarter of $948 million. Distributable earnings were $1.3 billion or $0.96 per common share and we declared a dividend of $0.82, which will be paid to holders of record as of July 29 th . ...
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Blackstone Inc. (BX) Q2 2024 Earnings Call Transcript