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Icahn Enterprises L.P. - $IEP STOCK NEWS

Welcome to our dedicated page for Icahn Enterprises L.P. news (Ticker: $IEP), a resource for investors and traders seeking the latest updates and insights on Icahn Enterprises L.P. stock.

Icahn Enterprises L.P. (NASDAQ: IEP) is a diverse holding company based in the United States, operating across multiple industries. As a master limited partnership headquartered in Sunny Isles Beach, Florida, the company is involved in various sectors such as Investment, Automotive, Energy, Railcar, Mining, Food Packaging, Metals, Real Estate, and Home Fashion. Among these, the Energy segment is its largest revenue generator, predominantly serving the U.S. market.

Founded by renowned investor Carl C. Icahn, Icahn Enterprises leverages an activist investment philosophy. The company focuses on creating value through strategic investment and operational improvements. Its diverse portfolio enables it to mitigate risks while maximizing returns.

In recent achievements, Icahn Enterprises announced a strong financial performance for the three months ending September 30, 2023, with revenues of $3.0 billion and an adjusted EBITDA of $272 million. Despite a net loss of $6 million for the period, this was a substantial improvement compared to previous quarters. This growth was driven by gains in its energy and investment segments.

The company is also notable for its substantial involvement in the automotive industry, although it recently faced challenges with the Chapter 11 filing of its automotive parts subsidiary.

Icahn Enterprises is focused on maintaining strong liquidity and financial flexibility. As of September 30, 2023, the company reported an indicative net asset value increase of $147 million compared to the previous quarter. However, year-to-date figures showed a decrease mainly due to non-recurring losses linked to the bankruptcy of Auto Plus.

In partnership developments, Icahn Enterprises declared a quarterly distribution of $1.00 per depositary unit, payable on December 27, 2023. This decision highlights the company’s commitment to rewarding its unitholders regularly. The unitholders can choose to receive their distribution in either cash or additional depositary units.

Icahn Enterprises continues to pursue aggressive activist strategies, recently announcing new positions in American Electric Power Company and JetBlue Airways within its Investment segment. The company’s long-term focus remains on identifying undervalued assets and implementing strategic changes to unlock value.

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Icahn Enterprises (NASDAQ: IEP) announced the closing of a $750 million Senior Notes offering at a 9.000% interest rate, maturing in 2030. The funds will be used to fully redeem the company's existing 6.375% Senior Unsecured Notes due 2025 on June 13, 2024. The notes were issued in a private placement and are guaranteed by Icahn Enterprises Holdings L.P. The offering was made under Rule 144A and Regulation S of the Securities Act, targeting qualified institutional buyers and non-U.S. persons. This press release complies with Rule 135c of the Securities Act.

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Icahn Enterprises L.P. (NASDAQ: IEP) has announced an upsized and priced offering of $750 million in aggregate principal amount of 9.000% Senior Unsecured Notes due 2030. This represents a $250 million increase from the previously announced $500 million offering. The Notes Offering is set to close on May 28, 2024, subject to customary closing conditions. The net proceeds will be used to redeem existing 6.375% Senior Unsecured Notes due 2025 in full. The Notes will be issued in a private placement to qualified institutional buyers under Rule 144A in the U.S. and to non-U.S. persons outside the U.S. under Regulation S. The Notes and guarantees have not been registered under the Securities Act.

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Icahn Enterprises L.P. announced the intention to offer $500,000,000 in Senior Unsecured Notes due 2030 in a private placement to partially redeem existing notes. The Notes will be guaranteed by the Guarantor and offered to qualified institutional buyers in the US and non-US persons outside the US.

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Icahn Enterprises L.P. (Nasdaq: IEP) announced its first quarter 2024 financial results, showing a net loss of $38 million, an improvement of $232 million over the prior year. Adjusted EBITDA increased to $134 million, an increase of $39 million over the prior year. Indicative Net Asset Value rose to approximately $5 billion as of March 31, 2024, an increase of $194 million compared to December 31, 2023. IEP declared a first quarter distribution of $1.00 per depositary unit.

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Icahn Enterprises L.P. (Nasdaq:IEP) will discuss its first quarter 2024 results on a webcast on May 8, 2024. The company is a diversified holding company engaged in seven primary business segments.

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Icahn Enterprises (IEP) reported a fourth-quarter net loss of $139 million, an improvement of $116 million over the previous year. Adjusted EBITDA increased by $84 million. The Indicative Net Asset Value was $4.76 billion as of December 31, 2023, with a decrease of $411 million compared to the prior quarter. IEP declared a distribution of $1.00 per depositary unit. The company's cash position was $2.7 billion at the end of 2023. Chairman Carl C. Icahn emphasized the success of their activist strategy, with a significant increase in depositary unit prices since 2000. IEP continues to focus on activism, spin-offs, and asset sales to enhance value for shareholders.
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Icahn Enterprises L.P. (IEP) will discuss its Q4 and full-year 2023 results on a webcast on February 28, 2024. The company operates in Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma sectors.
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JetBlue (JBLU) announces agreement with Icahn Enterprises, adding two new directors to the board. The company aims to enhance profitability and shareholder value through strategic actions.
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Icahn Enterprises L.P. (NASDAQ: IEP) announced the completion of a private placement offering of $700,000,000 aggregate principal amount of 9.750% Senior Notes due 2029. The net proceeds will be used to redeem existing 4.75% Senior Unsecured Notes due 2024. The offering was made to qualified institutional buyers in the U.S. and non-U.S. persons in compliance with regulations.
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Icahn Enterprises L.P. (NASDAQ: IEP) has announced a $200,000,000 aggregate principal amount of additional 9.750% Senior Notes due 2029 in a private placement. This represents an increase from the previously announced offering of $150,000,000. The Notes will be issued at an issue price of 100.625% and are expected to close on December 19, 2023. The net proceeds will be used to redeem the Issuers' existing 4.75% Senior Unsecured Notes due 2024 in full.
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FAQ

What is Icahn Enterprises L.P.?

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company operating in sectors including Investment, Automotive, Energy, and more.

What are the primary business segments of Icahn Enterprises?

The primary business segments include Investment, Automotive, Energy, Railcar, Mining, Food Packaging, Metals, Real Estate, and Home Fashion.

Who founded Icahn Enterprises L.P.?

Icahn Enterprises L.P. was founded by renowned investor Carl C. Icahn.

How did Icahn Enterprises perform financially in the recent quarter?

For the three months ending September 30, 2023, Icahn Enterprises reported revenues of $3.0 billion and adjusted EBITDA of $272 million, despite a net loss of $6 million.

What is the significance of the Energy segment for Icahn Enterprises?

The Energy segment is the largest revenue generator for Icahn Enterprises, contributing significantly to the company's overall financial performance.

What recent partnerships has Icahn Enterprises announced?

Icahn Enterprises declared a quarterly distribution of $1.00 per depositary unit, payable on December 27, 2023. Unitholders can choose to receive the distribution in cash or additional depositary units.

What is the activist investment strategy of Icahn Enterprises?

Icahn Enterprises employs an activist investment strategy focused on creating value through strategic investments and operational improvements, often taking active roles in the companies it invests in.

What challenges has Icahn Enterprises faced in the automotive segment?

Icahn Enterprises faced challenges with the Chapter 11 filing of its automotive parts subsidiary, affecting its overall financial performance.

How does Icahn Enterprises reward its unitholders?

Icahn Enterprises regularly declares quarterly distributions to its unitholders. For example, a distribution of $1.00 per depositary unit was declared, payable on December 27, 2023.

What are some recent investments by Icahn Enterprises?

Recently, Icahn Enterprises announced new positions in American Electric Power Company and JetBlue Airways within its Investment segment, reflecting its continued focus on strategic investments.

Icahn Enterprises L.P.

Nasdaq:IEP

IEP Rankings

IEP Stock Data

7.30B
60.76M
0.12%
87.25%
1.33%
Offices of Bank Holding Companies
Management of Companies and Enterprises
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United States of America
SUNNY ISLES BEACH