Blackstone's Q2 distributable earnings rose 26% YoY to $1.97 bln, beating
analysts' $1.66 bln forecast; EPS $1.52 vs $1.33 consensus. Management said
asset disposals and gains from AI-related investments underpinned the result,
and nine of the firm's top ten portfolio positions are tied to data centers,
energy/power and large language models.