Perella Weinberg Partners reported second-quarter revenue of $157 million, up 1% from a year earlier, as its announced and pending backlog was nearly 2.5 times higher than a year earlier. Total booked revenue plus announced and pending backlog was more than 30% higher year over year, though CEO Andrew Bednar cautioned that some large fees may not be recorded in 2026 due to transaction timing. The firm expects results to be weighted toward the second half of 2026, with M&A activity accelerating across healthcare, industrials, energy, and technology, media and telecommunications. First-half non-compensation expenses fell 20% year over year, and the firm returned $73 million to equity holders year to date while maintaining its $0.07 quarterly dividend and ending the quarter with $116 million in cash and no debt.
Perella Weinberg PartnersReports Q2 revenue of $157M, backlog surges nearly 2.5x, and strong M&A pipeline.