On July 17, 2014, The Blackstone Group L.P. (Blackstone) reported its Q2 2014 financial results. Total revenues increased 56.1% YoY to $2.2 billion. Economic Net Income (ENI) was $1.3 billion, up 88.6% YoY. Net income registered $517.0 million, or distributable earnings of $0.65 per common unit, compared with $211.1 million, or distributable earnings $0.28 per common unit in Q2 2013. Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone's second quarter results marked one of our best ever in terms of both ENI and distributable earnings." He added, "Despite our sharp increase in realizations to $39 billion over the past year, continued capital inflows and strong investment performance brought us to another record for total assets under management, reaching $279 billion at quarter end, up 21% year over year."