The Carlyle Group Lp (CG)
NASDAQ:CG
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Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.91Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: the firm reported strong underlying operating metrics (record realizations, durable inflows, record dry powder, rising AUM in key businesses, and solid fee-related earnings and margins) and highlighted notable transactions and a $5+ billion LP-anchored solution that demonstrates product innovation. Near-term lowlights include lower realized carry/NRPR composition this quarter, low AlpInvest carry compensation and some wealth-channel redemption scrutiny and day‑1 markup attention. Management emphasized confidence in meeting multi-year targets and expects transaction and fee revenue to accelerate, suggesting the positives materially outweigh the short-term headwinds.Company Guidance
Strong Distributable Earnings and Fee-Related Earnings
Distributable earnings of $327 million ( $0.89 per share) in Q1; fee-related earnings (FRE) of $300 million at a 47% margin (up from $290 million in Q4). Fund management fees were $545 million, up 4% year-over-year.
Record Realizations and Capital Returned to Investors
Realizations exceeded $12 billion in the quarter (third-best quarter ever). Returned a record $7 billion to U.S. buyout investors this quarter; the rate of return to U.S. Buyout Fund investors was more than 40% higher than the prior record set in 2021.
Carlyle AlpInvest Momentum
AlpInvest reached record AUM of $107 billion, up 20% year-over-year, with record quarterly inflows of $6.8 billion. Net accrued performance revenues were $643 million, up 13% year-over-year. FRE for AlpInvest was $68 million in Q1 despite $13 million less in catch-up fees. Wealth strategies AUM now stands at $19 billion (4x the level from three years ago).
Global Credit Growth and Strong Credit Metrics
Global Credit FRE of $93 million; management fees of $147 million, up 6% year-over-year. Total Global Credit AUM $209 billion, up 5% year-over-year, with inflows of $3.9 billion in the quarter and $25 billion of credit inflows over the last 12 months. New asset-backed finance strategy first close $1.5 billion; that strategy now tops $12 billion (up more than 30% vs last year). Credit portfolio highlights: direct lending nonaccrual rate only 1% and inception-to-date loss rate ~8 basis points per annum; structured credit default rate ~50 basis points (about half the industry average).
Deployment, New Transactions and Deal Pipeline
Deployment of $10 billion in the quarter; invested $4 billion in private credit and nearly $4 billion across AlpInvest strategies. Announced two large transactions expected to close in coming months: an $8 billion BASF coatings carve-out and a $3 billion acquisition of MAI Capital Management. Management expects increased transaction fee revenue from these deals.
Record Dry Powder and Fundraising Inflows
New capital inflows of $13 billion in the quarter. Dry powder at a record $96 billion, up 13% year-over-year. Carlyle raised nearly $7 billion in AlpInvest and $4 billion in Global Credit during the quarter.
Balance Sheet and Capital Allocation Discipline
Balance sheet assets attributable to shareholders ~ $5 billion (~$14 per share). Quarterly dividend declared at $0.35 per common share. Repurchased/withheld 3.8 million shares totaling $205 million in the quarter and have $1.9 billion remaining on a $2 billion repurchase authorization; diluted share count of 360 million is down year-over-year.
Clear Multi-Year Targets and Confidence
Management reiterated confidence in achieving or exceeding targets outlined in February: a path to $200 billion of inflows, $1.9 billion in fee-related earnings, and $6+ per share in distributable earnings (DE) by end of 2028.
CG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $50.43 | $48.65 | -3.52% |
Feb 06, 2026 | $54.65 | $57.91 | +5.96% |
Oct 31, 2025 | $55.42 | $52.24 | -5.74% |
Aug 06, 2025 | $58.56 | $61.29 | +4.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The Carlyle Group Lp (CG) report earnings?
The Carlyle Group Lp (CG) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is The Carlyle Group Lp (CG) earnings time?
The Carlyle Group Lp (CG) earnings time is at Jul 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CG EPS forecast?
CG EPS forecast for the fiscal quarter 2026 (Q2) is 0.93.