Blackstone Inc.

New York Stock Exchange
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Slightly Bearish -15

Blackstone stock at USD 114.86 on September 28, 2026

Earnings report AI-generated analysis

📉 Blackstone stock closed at USD 114.86 on September 28, 2026, representing a 3.01 percent decline from the prior session's close of USD 118.42.

📊 The company preliminarily estimated total Realized Performance Revenues and Realized Principal Investment Income to exceed USD 350 million through September 22, 2026.

💰 Approximately 90 percent of the estimated revenue figure is expected to come from Realized Performance Revenues including incentive fees.

⚠️ Blackstone noted that the estimate excludes activity after September 22 and does not represent total segment revenue for the quarter ending September 30.

📅 The preliminary financial outlook covers the period from July 1 through September 22, 2026, with full-quarter results expected to differ materially.

Bullish Signals
  • Blackstone preliminarily estimated total Realized Performance Revenues and Realized Principal Investment Income to exceed USD 350 million for the period from July 1 through September 22, 2026.
  • Approximately 90 percent of the estimated revenue is expected to come from Realized Performance Revenues, indicating strong performance in realized investment income.
Risk Factors
  • Blackstone stock declined 3.01 percent to USD 114.86 on September 28, 2026, trading down USD 3.56 from the previous close of USD 118.42.
  • The company's preliminary estimate explicitly excludes realization activity after September 22 and does not represent total segment revenue for the quarter ending September 30, creating uncertainty around full-quarter results.
Full Analysis
Blackstone Inc. (BX) shares traded at USD 114.86 on September 28, 2026, marking a decline of 3.01 percent from the previous close of USD 118.42. The stock price movement reflects market sentiment surrounding the asset manager's recent financial disclosures and third-quarter performance expectations. In a Form 8-K filed on September 22, 2026, Blackstone provided preliminary estimates indicating that total Realized Performance Revenues and Realized Principal Investment Income would exceed USD 350 million for the period from July 1 through September 22, 2026. This figure represents a significant portion of the company's anticipated revenue stream derived from investment realizations closed during the third quarter. The company clarified that approximately 90 percent of this estimated USD 350 million total is expected to originate from Realized Performance Revenues, which includes certain non-fee-related incentive fees and other investment income realized at quarter-end. The filing explicitly excludes realization activity occurring after September 22, as well as standard fee income and expenses. Blackstone cautioned that this preliminary estimate does not represent the total realization-related revenue or total segment revenue for the full quarter ending September 30, 2026. Consequently, full-quarter results could differ materially from these preliminary figures due to subsequent investment activity and operational performance.