Apollo missed profit and sales estimates and reported a $1.06 billion accounting loss. Record fee and spread income, higher assets, and kept growth goals leave the report mixed.
Those misses point to a weaker quarter, but they do not tell the whole story. Fee-related profit reached a record, assets under management grew 18%, and management kept its 2026 and 2027 growth goals. The $1.06 billion accounting loss mainly came from changing retirement investment values, so strong operating results and missed estimates point in different directions.
Apollo reported $1.95 billion in financing for Enbridge but gave no terms or company-specific result. The story does not show a clear change in Enbridge's outlook.
Apollo reported $9 billion in financing for ONEOK but gave no terms or company-specific result. The story does not show a clear change in ONEOK's outlook.
Apollo reported $40 billion in GPU financing for SpaceX but gave no terms or expected effect on SpaceX. The story does not show a clear change in SpaceX's outlook.
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