Icahn Enterprises (IEP) Stock News

Icahn Enterprises (IEP) reported significant losses in Q1 2025, with a net loss of $422 million ($0.79 per unit), compared to a loss of $38 million in Q1 2024. The company's revenues declined to $1.9 billion from $2.5 billion year-over-year. Adjusted EBITDA showed a loss of $287 million, compared to positive $134 million in Q1 2024. The company's indicative net asset value decreased by $336 million to $3.0 billion, primarily due to $224 million losses in the Investment segment, particularly in healthcare. Despite challenges, IEP declared a quarterly distribution of $0.50 per depositary unit, payable on June 25, 2025, though this represents a 50% reduction from the $1.00 distribution in Q1 2024.

Icahn Enterprises L.P. (Nasdaq:IEP) has scheduled its first quarter 2025 earnings conference call for Wednesday, May 7, 2025, at 10:00 a.m. Eastern Time. The company will host the results discussion via webcast, with viewers encouraged to join 15 minutes before the start time. A replay will be available for at least twelve months.

IEP operates as a master partnership and maintains a diversified portfolio across seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma.

Icahn Enterprises (IEP) reported Q4 2024 financial results, showing a net loss of $98 million ($0.19 per unit), an improvement from Q4 2023's loss of $139 million. Quarterly revenues decreased to $2.6 billion from $2.7 billion year-over-year.

The company's Adjusted EBITDA improved to $12 million from $9 million in Q4 2023. Indicative Net Asset Value declined by $223 million to approximately $3.3 billion, primarily due to a $286 million decrease in CVR Energy value and a $57 million decline in Viskase, partially offset by a $292 million increase in Real Estate segment value.

IEP declared a quarterly distribution of $0.50 per depositary unit, payable on April 16, 2025, with unitholders having the option to receive cash or additional units.

Icahn Enterprises L.P. (Nasdaq:IEP) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Wednesday, February 26, 2025, at 10:00 a.m. Eastern Time. The company will host the results discussion via webcast, with viewers encouraged to join 15 minutes before the start time. A replay will be available for at least twelve months.

IEP operates as a master partnership and maintains a diversified portfolio across seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.

Icahn Enterprises L.P. (NASDAQ: IEP) and Icahn Enterprises Holdings L.P. have announced the completion of IEH's cash tender offer for CVR Energy (NYSE: CVI) shares. The tender offer, which expired on January 8, 2025, sought to purchase up to 17,753,322 shares at $18.25 per share.

The final results showed that approximately 878,212 shares were properly tendered and not withdrawn. IEH will accept all tendered shares for payment, representing about 0.9% of CVR Energy's outstanding common stock, for a total purchase price of approximately $16 million. The depositary agent, Broadridge Corporate Issuer Solutions, , will promptly process payments for the accepted shares.

Icahn Enterprises L.P. (IEP) and Icahn Enterprises Holdings L.P. have extended their cash tender offer for up to 17,753,322 shares of CVR Energy (CVI) common stock. The offer price remains at $18.25 per share, with the deadline extended from January 6, 2025, to 5:00 p.m., New York City time, on January 8, 2025.

As of 6:00 p.m. on January 6, 2025, approximately 960,479 shares have been tendered, including 700,244 shares tendered by guaranteed delivery. The companies stated they do not intend to further extend the offer period or modify any other terms and conditions. Neither the companies involved nor their agents are making recommendations to stockholders regarding the tender offer.

Icahn Enterprises (IEP) and Icahn Enterprises Holdings (IEH) have launched a cash tender offer for up to 17,753,322 shares of CVR Energy (CVI) common stock at $18.25 per share. This represents a 10.5% premium over CVR Energy's November 7, 2024 closing price of $16.52. IEH currently owns about 66% of CVR Energy's shares and could increase its ownership to approximately 84% if the tender offer is fully subscribed.

The offer expires on January 6, 2025, and is subject to various terms and conditions detailed in the Offer to Purchase. The Special Committee of CVR Energy has chosen to remain neutral regarding the offer. If oversubscribed, shares will be purchased on a pro rata basis.

Icahn Enterprises (NASDAQ: IEP) has announced the pricing of $500 million in 10.000% Senior Secured Notes due 2029 in a private placement. The Notes will be secured by substantially all assets directly owned by the Issuers and the Guarantor. The offering is expected to close on November 20, 2024. The net proceeds will be used to partially redeem existing 6.250% Senior Notes due 2026. Concurrently, the company will grant a lien to holders of existing notes to ensure equal security with the new Notes.

Icahn Enterprises (NASDAQ: IEP) announced plans to offer $500 million in Senior Secured Notes due 2029 through a private placement. The Notes will be secured by substantially all assets directly owned by the Issuers and the Guarantor, with proceeds being used to partially redeem existing 6.250% Senior Notes due 2026. The offering includes granting liens to holders of existing notes to ensure equal security. The Notes will only be offered to qualified institutional buyers in the US under Rule 144A and non-US persons under Regulation S.