Apollo Global Management

Apollo Global Management, Inc. provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded in 1990 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Apollo Global Management excels in Q1 earnings and strategic positioning

Apollo Global Management's Q1 performance reflects strong earnings and strategic positioning in various business segments. The company's focus on low purchase prices, recurring income streams, and growth investments bodes well for future success.

Apollo Global Management reports record earnings and eyes strategic growth

Apollo Global Management's Q2 2023 Earnings Call showcased strong financial performance, particularly in fee-related and spread-related earnings. The company's focus on private equity, private credit, and strategic growth opportunities positions it well for future success despite anticipated challenges.

Apollo Global Management reports record earnings and outlines growth strategies

Apollo Global Management's Q3 2023 earnings call highlighted record earnings, strong performance in key business segments, and strategic initiatives for future growth. The company remains focused on disciplined strategies, aligning incentives, and navigating market challenges to capitalize on growth opportunities. Investors should pay attention to their continued success in asset management and retirement services.

Apollo Global Management reports record earnings and strategic growth plans

Apollo Global Management's Q4 2023 earnings call highlighted strong financial performance, strategic focus on growth, and cautious approach to expansion. The company aims to double earnings by 2026, increase origination capabilities, and pivot towards hybrid investments. Challenges include managing return differentials, capital allocation, and maintaining quality in growth strategies.

Apollo Global Management reports robust Q1 results and eyes growth opportunities

Apollo Global Management's Q1 performance reflects strong financial results, record inflow, and capital formation, positioning the company for continued growth.
Despite challenges such as higher costs impacting SRE, Apollo's focus on managing costs, strategic investments, and growth opportunities bode well for the future.
The company's strengths in investment returns, risk management, and partnerships, coupled with opportunities in private markets and asset-backed finance, showcase a promising outlook.
Navigating challenges like tax rate increases and market uncertainties, Apollo remains focused on sustainable growth, delivering value to shareholders, and seizing opportunities ahead.

Apollo Global Management reports record earnings and growth opportunities

Apollo Global Management delivered strong financial results, driven by record inflows and robust performance across its franchises. While facing challenges such as lower net spread and growth expectations, the company remains well-positioned for growth. With opportunities in expanding markets and a clear growth strategy, Apollo shows resilience and potential for future success.

Apollo Global Management reports record earnings and outlines ambitious growth targets

Apollo Global Management's Q3 performance reflects strong financial results, ambitious growth targets, and strategic focus on key areas like retirement services and origination capacity. The company's strengths lie in robust fee-related earnings, disciplined cost management, and solid spread profitability. Challenges include maintaining growth momentum, optimizing capital allocation, and managing potential margin headwinds. Opportunities exist in various sectors like industrial renaissance, retirement solutions, and innovative private assets.

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Apollo Global Management, Inc. provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.

Yellow

Apollo Global Management is selling off a $500 million term loan given to Yellow Corp and dropping plans to extend financing to fund the freight group's bankruptcy, the Financial Times reported on Tuesday.

Apollo Global pulls out of Yellow's bankruptcy financing plan

NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $1,250.0 million (25,000,000 shares) of its 6.75% Series A Mandatory Convertible Preferred Stock, par value $0.00001 per share (the “Mandatory Convertible Preferred Stock”) at a price to the public and liquidation preference of $50.00 per share. The offering was upsized from the previously announced size of $1,000.0 million (20,000,000 shares). The underwriters have a 30-day option to purchase up to an additional $187.5 million (3,750,000 shares) of Mandatory Convertible Preferred Stock solely to cover over-allotments, if any. The offering is expected to close on August 11, 2023, subject to customary closing conditions.

Apollo Upsizes and Prices Offering of Mandatory Convertible Preferred Stock

NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer,” and together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of $1,000.0 million (20,000,000 shares) of its Series A Mandatory Convertible Preferred Stock, par value $0.00001 per share (the “Mandatory Convertible Preferred Stock”), subject to market and other conditions (the “Offering”). Apollo expects to grant the underwriters a 30-day option to purchase up to an additional $150.0 million (3,000,000 shares) of Mandatory Convertible Preferred Stock to cover over-allotments, if any.

Apollo to Offer Series A Mandatory Convertible Preferred Stock

Positions Trusted Brand for Continued Expansion Amid Increasing Focus on Sustainability & Recycling Solutions Positions Trusted Brand for Continued Expansion Amid Increasing Focus on Sustainability & Recycling Solutions

Apollo Impact to Acquire Accent Family of Companies, a Leading Value-Added Distributor and Manufacturer of Baling Wires and Equipment Servicing the Recycling and Waste Management Industries

Asset management stock Apollo Global hit a 52-week high and is in the buy zone after the company reported strong earnings growth.

Asset Management Stock Hits Buy Point After Revenue Tops $13 Billion

Apollo Global Management, Inc. (NYSE:APO ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Noah Gunn - MD & Global Head, IR Marc Rowan - Co Founder, CEO & Director Jim Zelter - Co President, Apollo Asset Management Martin Kelly - CFO Conference Call Participants Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Group Patrick Davitt - Autonomous Research Michael Brown - KBW Michael Cyprys - Morgan Stanley Rufus Hone - BMO Capital Markets Benjamin Budish - Barclays Bank Adam Beatty - UBS Operator Good morning, and welcome to Apollo Global Management's Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Apollo Global Management, Inc. (APO) Q2 2023 Earnings Call Transcript

The headline numbers for Apollo Global Management Inc. (APO) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Apollo Global Management Inc. (APO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees.

Apollo's second-quarter earnings surge 75% on upbeat annuities business

NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2023.

Apollo Reports Second Quarter 2023 Results

Kimbell Royalty Partners

HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion in 2024 and 2025 Targeted oil and gas mineral and royalty interests located in core positions of the Permian and Mid-Con basins, with over 4,000 gross producing wells on over 1 million gross acres Permian represents approximately 64% of reserve value, with approximately 36% in Mid-Continent1 Anticipated NTM average production of approximately 4,765 Boe per day (33% oil, 41% natural gas, 26% NGL), generating an estimated $64.3 million of cash flow at strip pricing as of July 26, 2023 (reflects transaction multiple of approximately 7.1x)2 Expected to increase daily production by over 26% and expected to decrease cash G&A per Boe by approximately 20%3 Following the transaction, Kimbell expects to maintain a peer-leading five-year decline rate of approximately 14% Expected to add 2.56 net DUCs and net permitted locations ("net wells"), an approximate 37% increase in Kimbell's current major net well line of site inventory Following the transaction, Kimbell expects net wells needed to maintain flat production to modestly increase from 4.9 net wells to 5.8 net wells In addition to net wells, the Seller portfolio is expected to add an estimated 16.63 net upside locations, increasing Kimbell's major undrilled inventory by approximately 25% Builds upon existing Permian Basin position, which remains Kimbell's leading basin in terms of production, active rig count, DUCs, permits and undrilled inventory Maintains conservative balance sheet metrics with expected pro forma net leverage4 of approximately 1.0x following transaction close FORT WORTH, Texas , Aug. 2, 2023 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 16 million gross acres in 28 states, today announced that it has agreed to acquire mineral and royalty interests (the "acquired assets") held by a private seller ("Seller") in a cash transaction valued at approximately $455 million, subject to purchase price adjustments and other customary closing adjustments (the "Acquisition").  Kimbell intends to fund the purchase price through a private placement of 6.00% Series A Cumulative Convertible Preferred Units ("Preferred Units") to fund managed by affiliates of Apollo (NYSE: APO) ("Apollo") and borrowings under the Company's $400 million revolving credit facility.

Kimbell Royalty Partners, LP Announces $455 Million Accretive Acquisition

Yellow (NASDAQ: YELL ) stock became the subject of a meme-stock short squeeze yesterday. On Sunday, the trucking company ceased operations and laid off about 30,000 workers as rumors swirled of a potential bankruptcy filing.

YELL Stock Alert: Apollo Global Gives Yellow a Big Boost

Chevron

Erie Indemnity

Penske Automotive Group

PDC Energy Inc

Univar

NEW YORK , Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Penske Automotive Group Inc. (NYSE: PAG) will replace Univar Solutions Inc. (NYSE: UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE: APO) acquired Univar Solutions in a deal that closed today.

Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400

Shareholders Receive $36.15 Per Share in Cash DOWNERS GROVE, Ill. and NEW YORK , Aug. 1, 2023 /PRNewswire/ -- Univar Solutions Inc. ("Univar Solutions" or the "Company") and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority.

Univar Solutions Completes Transaction with Apollo Funds

NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that its 2023 Annual Meeting of Stockholders will be held virtually on October 6, 2023, at 9:30 am ET. The record date for the meeting is August 11, 2023. Information on the virtual meeting will be included in the 2023 proxy statement.

Apollo Announces 2023 Annual Meeting of Stockholders

American Financial Group

American Financial Group Inc 6 1/4 % Debentures 2014-30.9.54 Subord

Warren Buffett is a consistent buyer of rich and discounted cash flows. Investing like Buffett is different from investing in/with Buffett. Two +6% yields from Berkshire's favorite industry.

Buffett's Great Success: The Power Of Insurance Dividends

NEW YORK--(BUSINESS WIRE)--Yahoo Sports, the internet's No. 2 ranked sports property, today announced the appointment of Kendall Baker as Senior Writer. In his new role, Baker will help oversee newsletter and cross-platform strategy, including launching a new daily newsletter. “As one of the internet's most relied upon resources for daily sports content, Yahoo Sports is committed to investing in the best and brightest talent,” said Ryan Spoon, President of Yahoo Sports. “Kendall has earned a re.

Yahoo Appoints Kendall Baker as New Senior Writer for Yahoo Sports

Arconic

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management. Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in ca.

Arconic Shareholders Approve Acquisition by Apollo Funds

PHOENIX and NEW YORK, July 24, 2023 (GLOBE NEWSWIRE) -- PetSmart (or “the Company”), a leading omnichannel pet retailer in North America, announced today that funds managed by affiliates of Apollo (NYSE: APO) have entered into a definitive agreement to make a strategic equity investment in the Company. BC Partners, alongside co-investors including GIC and the PetSmart management team, will remain the majority shareholder of PetSmart and retain control of the Board.

Apollo Funds to Make Strategic Equity Investment in PetSmart

Apollo Global Management Inc. (APO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Apollo Global Management Inc. (APO) Now

NEW YORK--(BUSINESS WIRE)--Yahoo announced the appointment of Tressie Lieberman as Chief Marketing Officer.

Yahoo Appoints Tressie Lieberman as Chief Marketing Officer

Altus Power

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), a leading independent developer, owner and operator of commercial-scale solar facilities, today announced that it has acquired approximately 4.4 megawatts (MW) of operating solar assets in Southern California from funds managed by affiliates of Apollo (NYSE: APO). The portfolio includes rooftop, carport and ground-mounted solar arrays which will deliver power under long-term contracts to HP Inc., Keysight Technologies and a local munic.

Altus Power Announces Acquisition of 4.4 MW Portfolio in Southern California

New SchoolMessenger Chat offering and upgrades to SchoolMessenger Communicate enable schools to manage one-way and two-way communication from a single, trusted platform New SchoolMessenger Chat offering and upgrades to SchoolMessenger Communicate enable schools to manage one-way and two-way communication from a single, trusted platform

SchoolMessenger Redefines K-12 Community Engagement With Launch Of Two-Way Messaging Solution & Updates To Flagship Notification Platform

NEW YORK, July 14, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the signing of an agreement for Apollo-managed funds and affiliated entities to make a EUR 500 million investment into an Air France affiliate owning a pool of components dedicated to the airline's Engineering and Maintenance activities. Air France is a fully owned subsidiary of Air France-KLM (PAR: AF FP).

Apollo to provide a EUR 500 million capital solution to Air France's Engineering and Maintenance (MRO) components business

ISLANDIA, N.Y., July 11, 2023 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the “Company” or “West”), a global leader in technology-enabled services, today announced it has entered into a definitive agreement to sell its SchoolMessenger business to PowerSchool for $300 million.

West to Divest SchoolMessenger

Wolfspeed

Wolfspeed got support from lenders to improve its silicon carbide wafers production facilities.

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