Earnings ·
IEP reports Q3 net loss of $225M and declares $0.50 quarterly distribution
IEPIcahn Enterprises L.P.
Icahn Enterprises L.P. reported a third-quarter net loss attributable to IEP of $225 million, or $0.31 per depositary unit, compared to net income of $287 million in the prior-year period. The results were negatively impacted by $522 million in losses on refining hedges within its Investment Funds, partially offset by a $1.7 billion increase in the value of its long position in CVI Energy. Revenues rose to $3.2 billion from $2.7 billion. Additionally, the company declared a third-quarter distribution of $0.50 per depositary unit, payable on or about December 23, 2026, marking the 86th consecutive quarterly distribution since 2005. Icahn Enterprises L.P. is a diversified holding company with subsidiaries engaged in investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceutical businesses.