BX furnishes Reg FD 8-K with early Q2 realization revenue update

Rhea-AI Filing Summary

Blackstone Inc. (NYSE: BX) filed a Form 8-K on June 24, 2025 under Item 7.01 – Regulation FD Disclosure. The company disclosed that it has posted a press release on its investor-relations website announcing a preliminary estimate of revenue it expects to recognize from realization activity for the period April 1, 2025 through June 24, 2025. No specific dollar amounts or guidance figures are included in the 8-K itself; investors must consult Exhibit 99.1 to obtain the actual estimate.

The filing clarifies that the information is being “furnished” rather than “filed,” meaning it is not subject to Section 18 liability and will not be automatically incorporated by reference into other SEC filings unless expressly stated. In addition, the company attached the press release (Exhibit 99.1) and an Inline XBRL-formatted cover page (Exhibit 104). Other than this disclosure, the 8-K contains no financial statements, acquisition details, or strategic updates. Accordingly, the document primarily serves as an advance notice to the market that a revenue-related update is available on Blackstone’s website.

Insights

Financial Analyst

TL;DR: Routine Reg FD 8-K; no numbers disclosed, limited immediate valuation impact.

Blackstone is merely alerting investors that a preliminary realization-revenue estimate has been posted externally. Because the actual figures are absent from the 8-K, market participants cannot quantify upside or downside. The company’s choice to furnish rather than file the information further underscores its immateriality at this stage. From a valuation standpoint, investors will wait for the detailed press release or the full quarterly results before adjusting models.

Corporate Governance Expert

TL;DR: Standard compliance move; maintains transparency without legal exposure.

Furnishing the preliminary estimate via Item 7.01 meets Reg FD requirements while avoiding Section 18 liability. Attaching the press release as Exhibit 99.1 and providing Inline XBRL for the cover page follow best-practice disclosure protocols. Governance risk is minimal because the company is proactively distributing the information to all investors simultaneously, but impact is neutral until data are parsed.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2025

Blackstone Inc.

(Exact name of Registrant as specified in its charter)

Delaware		001-33551		20-8875684
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

345 Park Avenue New York, New York		10154
(Address of principal executive offices)		(Zip Code)

(212) 583-5000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		BX		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On June 24, 2025, Blackstone Inc. (“Blackstone”) posted on its website at www.blackstone.com/news a press release (the “Press Release”) announcing a preliminary estimate regarding revenue Blackstone expects to record related to realization activity for the period from April 1, 2025 to June 24, 2025. The Press Release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Furthermore, such information shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing or document.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press release of Blackstone Inc. dated June 24, 2025.
104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 24, 2025

Blackstone Inc.
By:		/s/ Victoria Portnoy
Name:		Victoria Portnoy
Title:		Managing Director – Assistant Secretary

FAQ

What did Blackstone (BX) announce in its June 24 2025 Form 8-K?

Blackstone furnished notice that a press release containing a preliminary realization-revenue estimate for Apr 1–Jun 24 2025 is available on its website.

Which Form 8-K item was used in the filing?

The disclosure appears under Item 7.01 – Regulation FD.

Does the 8-K include specific revenue figures?

No. Dollar amounts are not provided in the filing; investors must read Exhibit 99.1 for the actual estimate.

Is the information considered "furnished" or "filed"?

The company states the information is “furnished”, so it is not subject to Section 18 liability and won’t be automatically incorporated into future filings.

Where can investors find the detailed press release?

The release is posted at www.blackstone.com/news and attached to the 8-K as Exhibit 99.1.