Blackstone Long-Short Credit Income Fund (BGX)
Blackstone Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in loans and fixed-income instruments of corporate issuers, including first and second lien secured loans and high-yield corporate debt securities of varying maturities. The fund seeks to invest in securities rated below investment grade. It employs fundamental analysis using a research-driven credit approach to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of 70% S&P/LSTA Leveraged Loan Index and 30% Barclays US High Yield Index. Blackstone Long-Short Credit Income Fund was formed on October 22, 2010 and is domiciled in the United States.
Industry: Asset Management
Blackstone Long-Short Credit Income Fund
NYSE:BGXFinancial Services · Asset Management
-0.57%$10.42
AH Close$10.42+0.00%vs close
AH Close$10.42+0.00%vs close
Mkt Cap$132.42M
Float12.71M
O/S12.71M
Inst Own44.3%
SI0.1%
Div Yield9.34%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.39M
Net Income$9.01M
Total Assets$252.86M
Free Cash Flow$12.23M
Debt & Equity
Debt 33%
Equity 67%
Total Debt$79.7M
Total Equity$163.47M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BGX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$252.86M
Liabilities$89.39M
Accounts Receivable$3.79M
Accounts Payable$8.57M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $18.39M | $17.64M | $17.36M | $4.03M | $18.3M | $6.75M | $21.74M | $3.66M | $19.4M | $10.76M | $18.14M |
| YoY Growth | 4.3% | 1.6% | 330.5% | -78.0% | 171.3% | -69.0% | 494.0% | -81.1% | 80.3% | -40.7% | - |
| Cost of Revenue | $2.44M | $5.45M | $2.46M | $2.59M | $2.82M | $2.61M | $2.89M | $3.06M | $3.14M | $2.92M | $3.23M |
| Gross Profit | $15.94M | $17.64M | $14.89M | $1.44M | $15.48M | $4.13M | $18.84M | $602K | $16.27M | $7.84M | $14.91M |
| Gross Margin | 86.7% | 100.0% | 85.8% | 35.7% | 84.6% | 61.3% | 86.7% | 16.5% | 83.8% | 72.8% | 82.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $871K | $1.22M | $1.04M | $949K | $893K | $847K | $1.05M | $1.09M | $809K | $420K |
| Other | $2.63M | $455K | $462K | $791K | $790K | -$15.14M | $794K | $754K | $750K | -$32.77M | $28.46M |
| Total Operating Expenses | $2.63M | $1.33M | $1.69M | $1.84M | $1.74M | -$14.25M | $1.64M | $1.84M | $1.87M | -$31.96M | $28.88M |
| Operating Income (EBIT) | $13.31M | $16.31M | $29.83M | -$19.34M | $18.5M | $7.53M | $20.1M | $5.51M | $19.66M | $39.8M | -$13.97M |
| Operating Margin | 72.4% | 92.5% | 171.8% | -479.7% | 101.1% | 111.7% | 92.4% | 150.5% | 101.3% | 369.8% | -77.0% |
| Interest Expense | $4.3M | $5.45M | $4.96M | $2.5M | $1.18M | $1.71M | $3.73M | $3.69M | $2.13M | $1.56M | $961K |
| Interest Income | $21.04M | $23.8M | $24.69M | $19.84M | $18.68M | $20.41M | $26.17M | $26.25M | $23.13M | $0 | $0 |
| Other Income (Expense) | -$4.3M | $0 | -$5.4M | -$3.26M | -$1.94M | -$2.47M | $0 | $3.06M | $3.14M | -$1.56M | $0 |
| Income Before Tax (EBT) | $9.01M | $16.31M | $24.43M | -$22.6M | $16.56M | $5.06M | $20.1M | $1.82M | $17.53M | $38.25M | -$14.93M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K | $0 | $0 |
| Net Income | $9.01M | $16.31M | $24.43M | -$22.6M | $16.56M | $5.06M | $20.1M | $1.82M | $17.53M | $38.25M | -$14.93M |
| Net Income Margin | 49.0% | 92.5% | 140.7% | -560.6% | 90.5% | 75.1% | 92.4% | 49.8% | 90.3% | 355.3% | -82.3% |
| Supplementary Data | |||||||||||
| EPS | 0.71 | 1.28 | 1.92 | -1.74 | 1.30 | 0.39 | 1.58 | 0.14 | 1.39 | 3.01 | -1.18 |
| Diluted EPS | 0.71 | 1.28 | 1.92 | -1.74 | 1.30 | 0.39 | 1.58 | 0.14 | 1.39 | 3.01 | -1.18 |
| Weighted Average OS | 12.71M | 12.71M | 12.72M | 13.01M | 12.71M | 12.98M | 12.71M | 12.70M | 12.61M | 12.70M | 12.70M |
| EBITDA | $13.31M | $22.2M | $29.83M | -$19.12M | $18.73M | $7.53M | $20.27M | $1.82M | $19.66M | $38.25M | -$14.93M |
| EBITDA Margin | 72.4% | 125.9% | 171.8% | -474.1% | 102.4% | 111.7% | 93.2% | 49.8% | 101.3% | 355.3% | -82.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $767K | $321K | $402K | $16.13M | $1.53M | $12.61M | $6.33M | $6.09M | $10M | $15.56M | $10.98M |
| Short-Term Investments | $2.34M | $0 | $6.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.11M | $321K | $6.51M | $16.13M | $1.53M | $12.61M | $6.33M | $6.09M | $10M | $15.56M | $10.98M |
| Accounts Receivable | $3.79M | $9.83M | $3.31M | $19.79M | $18.29M | $3.09M | $3.32M | $4.73M | $29.64M | $18.44M | $4.39M |
| Inventory | $0 | $0 | $0 | $35.92M | $0 | $15.7M | $9.66M | $10.82M | $39.64M | $0 | $0 |
| Other Current Assets | $0 | -$9.94M | -$5.66M | -$35.92M | -$19.82M | -$15.7M | -$9.66M | -$10.82M | -$39.64M | -$34M | -$15.37M |
| Total Current Assets | $6.9M | $321K | $4.16M | $38.32M | $21.31M | $17.17M | $11.33M | $12.79M | $42.06M | $0 | $0 |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $245.82M | $252.96M | $248.06M | $261.09M | $315.96M | $308.76M | $328.05M | $331.91M | $348.47M | $324.61M | $284.47M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $142K | $19.8M | $471K | $283.28M | $335.78M | $0 | $0 | -$331.91M | -$348.47M | -$324.61M | -$284.47M |
| Total Long-Term Assets | $245.96M | $272.77M | $248.53M | $261.09M | $315.96M | $308.76M | $328.05M | $331.91M | $348.47M | $327.15M | $287.66M |
| Other Assets | $0 | $0 | $258.36M | $450K | $461K | $441K | $30K | $46K | $22K | $361.15M | $303.03M |
| Total Assets | $252.86M | $273.09M | $258.36M | $299.86M | $337.73M | $326.36M | $339.4M | $344.75M | $390.55M | $361.15M | $303.03M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $8.57M | $24.01M | $13.25M | $36.75M | $24.77M | $20.08M | $11.05M | $18.42M | $41.17M | $0 | $0 |
| Short-Term Debt | $79.7M | $80.5M | $77.2M | $82.8M | $98.9M | $95.9M | $0 | $0 | $0 | $93M | $96M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$46.05M | -$74.13M | -$75.82M | -$96.95M | -$107.5M | -$70.83M | $0 | $0 |
| Other Current Liabilities | -$9.69M | -$105.08M | -$670K | -$36.75M | -$25.33M | -$20.54M | $96.54M | $107.18M | $70.38M | -$93M | -$96M |
| Total Current Liabilities | $79.7M | $24.58M | $90.45M | $36.75M | $24.77M | $20.08M | $11.05M | $18.63M | $41.17M | $93M | $96M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $79.7M | $80.5M | $77.2M | $19.98M | $98.9M | $19.91M | $0 | $0 | $0 | $19.76M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $982K | $985K | $20K | $0 | $0 | $0 | $0 | $0 | $126.15M | $107.83M |
| Total Long-Term Liabilities | $9.69M | $81.48M | $78.18M | $20M | $98.9M | $19.91M | $108M | $107.5M | $112M | $145.92M | $107.83M |
| Other Liabilities | $0 | $105.49M | -$167.65M | $66.83M | $20.7M | $20.48M | $20.37M | $20.22M | $20.31M | -$93M | -$96M |
| Total Liabilities | $89.39M | $105.49M | $91.44M | $140.33M | $144.37M | $136.46M | $139.42M | $146.35M | $173.49M | $145.92M | $107.83M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.43M | $0 | $0 |
| Common Stock | $13K | $13K | $13K | $13K | $13K | $13K | $236.86M | $236.81M | $236.89M | $236.96M | $237.04M |
| Retained Earnings | -$73.36M | -$69.23M | -$69.91M | -$77.33M | -$43.53M | -$46.99M | -$36.88M | -$38.41M | $2.61M | $2.27M | $2.61M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.5M | -$22.43M | -$24M | -$44.45M |
| Other Stockholders' Equity | $236.82M | $236.82M | $236.82M | $236.84M | $236.89M | $236.88M | $0 | $0 | -$22.43M | -$24M | -$44.45M |
| Total Equity | $163.47M | $167.6M | $166.92M | $159.53M | $193.37M | $189.9M | $199.98M | $198.4M | $217.07M | $215.24M | $195.2M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $252.86M | $273.09M | $258.36M | $299.86M | $337.73M | $326.36M | $339.4M | $344.75M | $390.55M | $361.15M | $303.03M |
| Supplementary Data | |||||||||||
| Total Debt | $79.7M | $80.5M | $77.2M | $82.82M | $98.9M | $95.9M | $108M | $107.5M | $112M | $112.76M | $96M |
| Net Debt | $78.93M | -$321K | $76.8M | $66.69M | $97.37M | $83.29M | $101.67M | $101.41M | $102M | $97.21M | $85.02M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $9.01M | $16.31M | $24.43M | -$22.6M | $16.56M | $5.06M | $20.1M | $1.82M | $17.53M | $38.25M | -$14.93M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$285K | -$6.52M | $589K | -$913K | -$19K | $198K | $306K | $442K | $92K | $670K | -$1.08M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $70K | $95K | -$15K | -$123K | $148K | $10K | $22K | -$20K | $8K | -$4K | $2K |
| Other Working Capital | $122K | $11.09M | $111K | $649K | $3K | -$631K | $99K | -$133K | $458K | $50K | $99K |
| Total Working Capital Change | -$93K | $4.58M | $686K | -$387K | $132K | -$423K | $427K | $289K | $559K | $717K | -$976K |
| Other Non-Cash Items | $3.31M | -$8.11M | -$9.87M | $66.65M | -$18.15M | $8.71M | $1.59M | $14.35M | -$23.73M | -$22.43M | $34.02M |
| Net Cash from Operating | $12.23M | $12.77M | $15.25M | $43.66M | -$1.45M | $13.35M | $22.12M | $16.46M | -$5.64M | $17.2M | $17.04M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$280.7M | -$331.91M | -$249.65M | -$257.54M | -$286.78M | -$217.16M | -$135.99M | -$294.87M | -$447.6M | -$310.19M | -$255.08M |
| Sales of Investments | $275.49M | $333.44M | $266.12M | $289.25M | $273.07M | $238.13M | $139.77M | $293.03M | $426.25M | $295.77M | $233.18M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$5.21M | $1.53M | $16.47M | $31.71M | -$13.71M | $20.97M | $3.78M | -$1.84M | -$21.35M | -$14.43M | -$21.9M |
| Financing Activities | |||||||||||
| Debt Repaid | - | -$3.3M | $5.6M | $16.1M | -$3M | $12.1M | -$500K | $4.5M | -$19M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$20M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$13.2M | -$15.71M | -$15.73M | -$12.96M | -$12.62M | -$15.95M | -$22.37M | -$15.88M | -$18.91M | -$14.94M | -$14.94M |
| Other Financing Activities | $0 | -$447K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.75M | $23M |
| Net Cash from Financing | -$14M | -$12.85M | -$41.33M | -$29.06M | -$9.62M | -$28.05M | -$21.87M | -$20.38M | $86K | $1.81M | $8.06M |
| Forex Effect | $7.43M | $0 | -$6.11M | -$31.71M | $13.71M | $0 | -$3.78M | $0 | $0 | $0 | $0 |
| Net Change in Cash | $446K | -$80K | -$15.73M | $14.6M | -$11.08M | $6.27M | $243K | -$3.91M | -$5.55M | $4.58M | $3.2M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $12.23M | $12.77M | $15.25M | $43.66M | -$1.45M | $34.32M | $22.12M | $16.46M | -$5.64M | $17.2M | $17.04M |
| Capital Expenditure | -$3 | $3 | $0 | $0 | $0 | $4 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $12.23M | $12.77M | $15.25M | $43.66M | -$1.45M | $34.32M | $22.12M | $16.46M | -$5.64M | $17.2M | $17.04M |
| Cash at Beginning | $321K | $402K | $16.13M | $1.53M | $12.61M | $6.33M | $6.09M | $10M | $15.56M | $10.98M | $7.78M |
| Cash at End | $767K | $321K | $402K | $16.13M | $1.53M | $12.61M | $6.33M | $6.09M | $10M | $15.56M | $10.98M |