Icahn Enterprises Stock Price, News & Analysis

Icahn Enterprises (IEP) announced the dismissal of a proposed class action lawsuit against the company and its directors. The U.S. District Court found that the lawsuit, based on claims from Hindenburg Research's reports, failed to show material misrepresentations or intent to defraud. Carl C. Icahn, IEP's Chairman, expressed satisfaction with the debunking of these claims and criticized the network of short sellers and their practices.

IEP also addressed the recent SEC investigation, stating it found no fraud or impropriety in distributions, settling only a technical disclosure violation. The company clarified that recent media reports about potential large-scale unit sales by Carl Icahn or IEP were false, emphasizing that the recent SEC filing was a routine update for their ATM offering program.

Icahn Enterprises L.P. (Nasdaq: IEP) reported its Q2 2024 financial results, revealing a net loss of $331 million, a $62 million decline from the previous year. The company's Adjusted EBITDA was a loss of $155 million, compared to $14 million in Q2 2023. Revenues decreased to $2.2 billion from $2.6 billion year-over-year. The indicative net asset value fell by $969 million to approximately $4 billion as of June 30, 2024. Despite these losses, IEP declared a quarterly distribution of $1.00 per depositary unit. For the first half of 2024, IEP reported revenues of $4.7 billion and a net loss of $369 million, compared to $5.2 billion in revenues and a $539 million net loss in the same period of 2023.

Icahn Enterprises L.P. (Nasdaq:IEP) has announced its upcoming Q2 2024 earnings conference call, scheduled for Wednesday, August 7, 2024, at 10:00 a.m. Eastern Time. The company will host a webcast to discuss the results, with access available through a provided link. Viewers are encouraged to join 15 minutes before the start time. A replay of the webcast will be accessible for at least twelve months on the Icahn events and presentations page.

Icahn Enterprises L.P. is a diversified holding company structured as a master partnership. It operates across seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma.

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.

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.

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.

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.

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.