Welcome to our dedicated page for Icahn Enterprises news (Ticker: IEP), a resource for investors and traders seeking the latest updates and insights on Icahn Enterprises stock.
Icahn Enterprises L.P. reports news as a master limited partnership and diversified holding company with Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma segments. Recurring updates include quarterly financial results, indicative net asset value, Adjusted EBITDA, investment portfolio performance, hedging effects, segment revenue, and distributions on depositary units.
Company announcements also cover earnings conference calls, investor presentation materials, senior notes financings and refinancing activity, and governance changes at the general partner and board level. The news commonly links holding-company results to the Investment segment, energy-related holdings, interest expense, and capital allocation for limited partner distributions and debt obligations.
Icahn Enterprises (NASDAQ: IEP) reported a first quarter 2020 net loss of $1.4 billion, or $6.34 per depositary unit, compared to a loss of $394 million, or $2.02 per depositary unit in Q1 2019. Revenues fell to $(60) million from $1.9 billion year-over-year. Adjusted EBITDA was $(1.3 billion) compared to $(195 million) in Q1 2019. Despite the losses, the Board declared a quarterly distribution of $2.00 per depositary unit, payable on or about June 25, 2020, to unitholders of record as of May 19, 2020.
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