On July 15, Blackstone rose 3.19% in regular trading, trading at approximately $128.36/share, with turnover of $19.63 million. The gain was driven by market recognition of Blackstone's consortium investment in energy infrastructure.
Blackstone recently led a consortium alongside Apollo and KKR to invest $5.34 billion in five data center-supporting power projects under Williams Companies, acquiring a 49% non-controlling equity stake. Of the total, $4.4 billion covers the projects' expected incremental capital expenditures, while approximately $900 million serves as additional consideration paid to Williams. Williams retains 51% ownership and full operational control, while holding a buyback option exercisable between years 7 and 14 based on Blackstone's outstanding investment balance.
The broader asset management sector posted strong performance on the same day, with BlackRock rising 7.76%, Blue Owl Capital up 4.21%, and KKR gaining 2.29%. Blackstone's next earnings report is scheduled for July 23 pre-market, with consensus EPS expectations at $1.33.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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