Core Insights - Apollo has acquired a majority interest in Bold Production Services, a company specializing in natural gas treatment solutions, to capitalize on the increasing demand for U.S. natural gas and treatment solutions [1][2][3] Company Overview - Bold Production Services, founded in 2013, operates a fleet of over 700 assets, including dehydration units and H2S treating units, serving a prestigious customer base in the Permian and Eagle Ford basins [2] - The company will continue to be headquartered in Houston, Texas, and is led by CEO Glen Wind and his executive team [2] Market Trends - The investment from Apollo is expected to support Bold's growth as natural gas demand is projected to rise over the next decade, driven by trends in power generation, LNG exports, and data centers [2][3] - Bold aims to provide reliable gas treatment solutions that enhance operational efficiency while reducing emissions [3] Investment and Growth Potential - Apollo sees significant growth potential in Bold, supported by strong customer relationships and expansion opportunities in the natural gas treatment market [3] - Over the past five years, Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments [3]

Summary of Apollo Global Management (APO) Conference Call - February 10, 2025 Company Overview - **Company**: Apollo Global Management (APO) - **Participants**: Martin Kelly (CFO & Partner), Brennan Hawken (Senior Analyst - Equity Research) Key Points Industry and Business Strategy - **Apollo Capital Solutions (ACS)**: A significant differentiator for Apollo, focusing on syndicating risk in various forms, primarily in investment-grade debt [4][5][6] - **Transaction Volume**: In the previous year, Apollo completed 300 transactions, indicating robust origination capabilities [5] - **Growth Strategy**: Plans to expand ACS by syndicating risk from equity-adjacent businesses, including infrastructure and climate investments [6][8] Financial Performance and Projections - **Origination Growth**: Last year, origination effectively doubled across all segments, including core credit businesses and high-grade corporate solutions [11][12] - **Revenue Targets**: The target for origination was set at $275 billion, which is seen as achievable and necessary for maintaining equilibrium in the system [13] - **Fee-Related Performance Revenue (FRPR)**: Expected to grow by 15% to 20% in 2025, with a strong pipeline of business [31] Wealth Management and Distribution - **Wealth Products**: Significant growth in wealth products, particularly ADS and AAA, with a focus on quality revenue drivers [19][20] - **Distribution Costs**: A shift towards trailer fee structures over upfront fees, reflecting industry trends and the nature of semi-liquid products [23][24][25] Regulatory Environment - **Private Access to Retirement Markets**: Identified as a major opportunity, contingent on regulatory changes and acceptance of fiduciary standards [49][50] - **Impact of New Administration**: Uncertainty around tariffs and tax reforms, but potential for significant changes in private asset access within defined contribution plans [48][49] Capital Management - **Capital Framework**: Targeting to return $21 billion of capital over five years, with a focus on maintaining liquidity for growth investments [62][63] - **Share Buybacks**: Aiming to reduce shares from 617 million to 600 million, with a back-ended approach to achieving this target [62][64] Future Growth Opportunities - **Asset Growth**: Targeting to double Athene's gross invested assets over the next five years, with a mix of capitalized and third-party funding [75][76] - **Product Development**: Focus on new product offerings in annuities and guaranteed lifetime income, aiming to meet the needs of retirees [83][84] Market Conditions - **Interest Rate Environment**: Transitioning from high to low rates, with expectations of continued growth in Athene's assets despite potential headwinds [60][61] - **Annuity Demand**: Stable demand for annuities, particularly MYGAs and fixed indexed products, despite changing interest rates [84][85] Additional Insights - **Origination Focus**: Emphasis on origination as a key driver for growth across various asset classes, including infrastructure and secondaries [43][44] - **Market Confidence**: Building confidence in the marketplace through quality products and strong relationships with distributors and advisors [39][40] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Apollo Global Management's focus on growth, regulatory opportunities, and market conditions.

Core Insights - Apollo Global Management Inc. reported $955 million in revenue for Q4 2024, a year-over-year increase of 20.1% and an EPS of $2.22 compared to $1.91 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance - Revenue of $955 million represents a surprise of +1.50% over the Zacks Consensus Estimate of $940.9 million [1] - EPS of $2.22 shows a surprise of +17.46% compared to the consensus estimate of $1.89 [1] - Total Assets Under Management stood at $750 billion, slightly below the average estimate of $758.85 billion [4] Segment Income Analysis - Asset Management Fee Related Earnings from management fees were $742 million, exceeding the average estimate of $730.77 million [4] - Capital solutions fees and other net income were $160 million, above the average estimate of $150.58 million [4] - Fee-related performance fees were $53 million, below the average estimate of $58.59 million [4] - Retirement Services Fixed income and other net investment income was $2.91 billion, surpassing the average estimate of $2.88 billion [4] - Principal Investing Income was $139 million, significantly above the average estimate of $71.42 million [4] - Retirement Services Spread Related Earnings were $841 million, slightly below the average estimate of $845.93 million [4] - Realized performance fees in Principal Investing were $321 million, exceeding the average estimate of $285.40 million [4] - Alternative net investment income in Retirement Services was $269 million, above the average estimate of $262.93 million [4] Stock Performance - Apollo Global Management shares returned -1.2% over the past month, while the Zacks S&P 500 composite increased by +1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Financial Performance - GAAP Net Income attributable to Apollo Global Management, Inc. Common Stockholders was $1.462 billion for Q4 2024, translating to $2.42 per share[2] - Adjusted Net Income (ANI) for Q4 2024 was $1.36 billion, or $2.22 per share[3] - Total revenues for Q4 2024 were $5.283 billion, a decrease from $7.773 billion in Q3 2024[4] - GAAP Net income attributable to Apollo Global Management, Inc. Common Stockholders for 4Q'23 was $2,732 million, reflecting a strong performance compared to previous quarters[59] - Adjusted Net Income for 4Q'23 was reported at $1,182 million, excluding notable items, showcasing consistent profitability[59] Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $751 billion, with inflows of $33 billion in Q4 2024 and $152 billion for the full year[7] - Total assets under management (AUM) reached $751.037 billion by the end of Q4 2024, with net flows of $20.028 billion during the quarter[50] - Fee-generating AUM increased to $568.666 billion in Q4 2024, with net flows of $18.090 billion[52] - Performance Fee-Eligible AUM increased by 11% year-over-year to $223 billion, driven by strong growth in performance fee-eligible credit origination[42] Earnings and Income - Fee Related Earnings (FRE) for Q4 2024 were $554 million, marking a record annual FRE of $2.1 billion[7] - Spread Related Earnings (SRE) totaled $841 million in Q4 2024, contributing to an annual total of $3.2 billion[7] - Spread Related Earnings (SRE) per share, excluding notable items, increased by 13.2% year-over-year to $1.37 in Q4 2024[21] - Realized performance fees in Q4 2024 amounted to $321 million, reflecting a 19.3% increase compared to Q4 2023[37] - The principal investing income surged by 172.5% year-over-year to $139 million in Q4 2024[37] Capital Management - Apollo raised a record $12 billion in capital in 2024 through successful product distribution and expansion efforts[7] - The company repurchased over $1.2 billion of common stock in 2024, including $501 million in Q4[7] - The company returned a total of $1.6 billion of capital to stockholders over the last twelve months through dividends and share repurchases[48] - The average cost of shares repurchased in Q4 2024 was $105, with a total capital utilized of $475.2 million for share buybacks[54] Dividends - Dividends distributed exceeded $1 billion in 2024, with plans to increase the dividend from $1.85 to $2.04 per share starting Q1 2025[7] - An annual dividend of $2.04 per share is planned for 2025, representing a 10% increase from $1.85 per share in 2024[48] Investment Performance - Average net invested assets grew by 15.1% year-over-year to $244,796 million in Q4 2024[23] - Alternative net investment income increased by 41.6% year-over-year to $269 million in Q4 2024[21] - The company achieved a 48.9% increase in interest and other financing costs, totaling $137 million in Q4 2024[21] - The net investment spread for Retirement Services was 1.79% in Q4 2024, a decrease of 1 basis point compared to Q3 2024[23] Risks and Future Outlook - Apollo Global Management anticipates variability in revenues, earnings, and cash flow due to market conditions and competitive environments[75] - The company is subject to risks related to inflation and interest rate fluctuations, which could impact overall performance[75] - Future developments and performance expectations are based on management's beliefs and assumptions, highlighting the uncertainty in forecasting[75] - The company does not undertake any obligation to publicly update forward-looking statements except as required by law, indicating a cautious approach to future projections[75] Strategic Initiatives - Apollo's strategic platform, Athrora, focuses on acquiring or reinsuring blocks of insurance business in the European market, enhancing market expansion efforts[71] - The company is focused on managing its business within a highly regulated industry, which presents additional operational challenges[75]

Core Insights - Apollo Global Management reported strong financial results for the fourth quarter and full year ended December 31, 2024, highlighting record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion [2][8]. Financial Performance - The company achieved record origination activity of over $220 billion in 2024 [2]. - Inflows for the year exceeded $150 billion [2]. - As of December 31, 2024, Apollo's assets under management reached approximately $751 billion [8]. Dividends - Apollo declared a cash dividend of $0.4625 per share for its Common Stock for the fourth quarter, payable on February 28, 2025 [3]. - A cash dividend of $0.8438 per share for its Mandatory Convertible Preferred Stock was also declared, to be paid on April 30, 2025 [4]. Strategic Outlook - The company emphasized a clear growth strategy entering 2025, with a focus on execution and competitive positioning [2]. Conference Call - Apollo will host a public audio webcast on February 4, 2025, to review its financial results for the fourth quarter and full year ended December 31, 2024 [6].

Group 1 - Apollo will participate in a fireside chat at the Bank of America Securities Financial Services Conference on February 11, 2025, at 8:50 am ET [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1] Group 2 - Apollo is a high-growth global alternative asset manager with approximately $733 billion of assets under management as of September 30, 2024 [2] - The company aims to provide clients with excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - Through its retirement services business, Athene, Apollo specializes in offering retirement savings products and solutions for financial security [2]

Core Insights - Apollo has launched Apollo Allocation Pro, a tool aimed at financial advisors to enhance portfolio construction strategies that include alternatives, particularly in private markets [1][2][4] Product Overview - Apollo Allocation Pro is designed to provide an intuitive experience for exploring portfolio strategies and is now available on Apollo's website [1] - The tool builds on Apollo Academy, which offers various educational programs for financial advisors, including a cornerstone course on alternative investing [3][4] Strategic Partnerships - The development of Apollo Allocation Pro was in partnership with iCapital, a fintech platform focused on alternative investments [6] Key Features - The tool allows for interactive portfolio design, enabling advisors to create and model allocations that integrate alternatives with traditional public market indices [8] - It provides advisor-focused insights with access to 17 different indices for diverse client objectives [8] - Apollo Allocation Pro complements the educational resources available through Apollo Academy [8] Company Background - Apollo is a global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [6]

Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions aimed at improving operational efficiency for its customers in business, finance, and government [1] - The company focuses on delivering deep insights that enable well-informed and confident decision-making [1]

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 am ET. A live webcast of the event will be available on Apollo's Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event. About Apollo Apollo is a high-growth, global alternative asset manager. In our asse ...

Core Insights - Apollo has announced a $500 million investment in Subordinated Notes issued by Aldar Properties PJSC, marking one of the largest corporate hybrid private placements in the region [1][2] - This investment brings Apollo's total investment in Aldar to approximately $1.9 billion across four transactions since 2022, highlighting a strong partnership between the two entities [1][2] - Apollo's commitment to Abu Dhabi and the UAE is further emphasized by its previous investments, including a $1.4 billion strategic capital investment in August 2022 [2] Investment Strategy - Apollo's investment in Aldar is part of its High-Grade Capital Solutions strategy, which has originated nearly $100 billion in bespoke capital solutions for various leading companies since 2020 [3] - The firm aims to provide attractive investment opportunities for its clients while serving as a leading capital provider in the Abu Dhabi ecosystem [2] Company Overview - Apollo is a global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [4] - The company focuses on delivering excess returns across the risk-reward spectrum, from investment-grade credit to private equity, and offers innovative capital solutions for growth [4]