Blackstone Inc. (NYSE:BX) Q3 2023 Earnings Conference Call October 19, 2023 9:00 AM ET
Company Participants
Weston Tucker - Head of Shareholder Relations
Stephen Schwarzman - Chairman and Chief Executive Officer and Co-Founder
Jonathan Gray - President and Chief Operating Officer
Michael Chae - Chief Financial Officer
Conference Call Participants
Glenn Schorr - Evercore
Michael Cyprys - Morgan Stanley
Alex Blostein - Goldman Sachs
Craig Siegenthaler - Bank of America
Finian O'Shea - Wells Fargo Securities
Ken Worthington - JPMorgan
Brian Bedell - Deutsche Bank
Steven Chubak - Research
Patrick Davitt - Autonomous Research
Brennan Hawken - UBS
Michael Brown - KBW
Operator
Good day and welcome to the Blackstone Third Quarter 2023 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 would like to turn the conference over to Weston Tucker, Head of Shareholder Relations. Please go ahead.
Weston Tucker
Thank you, Katie, and good morning, and welcome to Blackstone's third 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 outside of the firm's control and may differ from actual results materially. We do not undertake any duty to update these statements. For a discussion of some of the risks that could affect results, please see the Risk Factors section of our 10-K.
We'll also refer to certain 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 audiocast is copyrighted material of Blackstone and may not be duplicated without consent.
On results, we reported GAAP net income for the quarter of $921 million. Distributable earnings were $1.2 billion or $0.94 per common share, and we declared a dividend of $0.80 which will be paid to holders of record as of October 30.
With that, I'll turn the call over to Steve.
Stephen Schwarzman
Good morning and thank you for joining our call. Before we begin, I wanted to take a moment to acknowledge the recent events in Israel. We were shocked by the horrific terrorist attacks that occurred which are an affront to our shared human values. We are deeply saddened by the violence and tragic loss of life unfolding in the region. Our thoughts are with the people of Israel, our colleagues there and all of those enduring pain and hardship throughout the region.