Earnings call briefThird-quarter 2026
BlackRock says it partnered with Meta on financing a planned Texas data center
Chief Financial Officer Martin S. Small said the company anticipates repurchasing at least $550 million of shares in the fourth quarter, subject to market and other conditions.
GetSignal BlackRock BLK
Chairman and Chief Executive Officer Laurence D. Fink said on the third-quarter call that BlackRock partnered with Meta on financing a planned $14 billion Texas data center.
Fink said the financing combines infrastructure investments from GIP with private financing capabilities from HPS.
Quotes from the call
“We partnered with Meta on the financing of its planned $14 billion data center in Texas, bringing together infrastructure investments from GIP, private financing capabilities from HPS.”
“At present, based on our capital spending plans for the year and subject to market and other conditions, we anticipate repurchasing at least $550 million worth of shares in the fourth quarter.”
Key facts from the call
- Planned Meta data center
- $14 billion, Texas
- Expected fourth-quarter share repurchases
- At least $550 million, subject to market and other conditions
Source: BlackRock's third-quarter 2026 earnings call, October 14, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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