TPG 4Q Profit Falls Despite Higher Revenue, Assets

Dow Jones

11 Feb

By Connor Hart

TPG logged lower quarterly profit in the fourth quarter, though revenue increased and distributable earnings grew on higher realized performance allocations.

The Fort Worth, Texas, alternative-asset management firm on Tuesday posted net income of $11.1 million, or a loss of 6 cents a share, compared with net income of $42.4 million, or 4 cents a share, a year earlier.

Net income attributable to the company was flat at roughly $13 million year over year.

After-tax distributable earnings, a key metric for the private-equity industry, grew to $260.6 million from $205.6 million a year ago. On a per-share basis, quarterly distributable earnings of 62 cents came in ahead of the 52 cents that analysts surveyed by FactSet were expecting.

The company attributed the increase to higher realized performance allocations.

Total revenue increased 9.5% to $1.08 billion, while total assets rose 12% to $10.54 billion.

Chief Executive Jon Winkelried said TPG made progress across drivers of its business including fundraising, deployment and organic growth in 2024, resulting in a strong investment and financial performance.

"We are entering 2025 with significant momentum and have multiple levers to accelerate our growth throughout the year," he added.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 11, 2025 08:03 ET (13:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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On a per-share basis, quarterly distributable earnings of 62 cents came in ahead of the 52 cents that analysts surveyed by FactSet were expecting.The company attributed the increase to higher realized performance allocations.Total revenue increased 9.5% to $1.08 billion, while total assets rose 12% to $10.54 billion.Chief Executive Jon Winkelried said TPG made progress across drivers of its business includi","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TPG":"TPG, Inc."},"translate_title":"尽管收入和资产增加，TPG第四季度利润仍下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPG":1},"content_text":"By Connor Hart \n\n\n \n\n\n  TPG logged lower quarterly profit in the fourth quarter, though revenue increased and distributable earnings grew on higher realized performance allocations. \n\n\n  The Fort Worth, Texas, alternative-asset management firm on Tuesday posted net income of $11.1 million, or a loss of 6 cents a share, compared with net income of $42.4 million, or 4 cents a share, a year earlier. \n\n\n  Net income attributable to the company was flat at roughly $13 million year over year. \n\n\n  After-tax distributable earnings, a key metric for the private-equity industry, grew to $260.6 million from $205.6 million a year ago. 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