Blackstone reports Q1 distributable EPS $1.09, consensus $1.06

Reports Q1 revenue $3.29B, consensus $2.72B. Stephen Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone (BX) reported another quarter of strong results despite turbulent markets. Inflows reached $62 billion – the highest level in nearly three years – reflecting the deep trust we’ve built with our investors over decades. We also delivered positive investment performance across all of our major strategies. We are well positioned to navigate the current environment with $177 billion of dry powder to deploy and a resilient, capital-light business model.”