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. (NASDAQ: IEP) is a Delaware master limited partnership and diversified holding company with operating businesses in Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma. The IEP news feed on Stock Titan focuses on official announcements, earnings releases and transaction updates that the company distributes through press releases and SEC filings.
News about Icahn Enterprises frequently covers its quarterly and annual financial results, including revenues, net income or loss attributable to Icahn Enterprises, basic and diluted income or loss per limited partner unit, and distributions declared per depositary unit. The company also reports on changes in indicative net asset value and discusses the drivers of those changes, such as performance in the Investment segment, movements in specific holdings and adjustments in the estimated value of certain Real Estate segment assets.
Because Icahn Enterprises is active in the capital markets, another important category of news involves its debt financing activities. Recent items include announcements of offerings and pricing of Senior Secured Notes due 2029, as well as plans to use proceeds to partially redeem existing 6.250% Senior Notes due 2026. Related updates describe interest rates, maturity profiles, security interests in assets, and the use of conditional redemption notices for outstanding notes.
Investors following IEP news can also expect updates on non-GAAP metrics such as EBITDA and Adjusted EBITDA, along with explanations of how these measures are calculated and used by management. In addition, the company’s releases discuss segment-level risks and broader macroeconomic and geopolitical factors that may affect results. For ongoing coverage of these developments, the Icahn Enterprises news page aggregates the latest company-issued information in one place.
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Icahn Enterprises reported a net loss of $183 million ($0.57 per unit) for the twelve months ending December 31, 2022, an improvement from $518 million in the prior year. Revenues increased to $14.1 billion from $11.3 billion in 2021. Adjusted EBITDA rose to $758 million compared to $273 million year-over-year. In Q4 2022, revenues were $3.1 billion with a net loss of $255 million. Despite a loss in Adjusted EBITDA of $54 million for the quarter, this marked an improvement from the previous year's loss of $443 million. The Indicative Net Asset Value grew by $522 million to $5.6 billion. The board declared a quarterly distribution of $2.00 per unit, continuing a consistent distribution trend since 2005.
Icahn Enterprises L.P. (Nasdaq: IEP) announced a conference call and webcast to discuss its Q4 2022 results on February 24, 2023, at 10:00 a.m. ET. The company, a diversified holding entity with interests in sectors like Energy, Automotive, and Pharma, will provide insights into its financial performance. Participants can join via a webcast or by phone through a registration link. A replay will also be accessible for a limited time.
Icahn Enterprises L.P. (Nasdaq: IEP) announced on January 31, 2023, that its subsidiary IEH Auto Parts Holding LLC, also known as Auto Plus, is initiating a voluntary Chapter 11 filing. This decision is a response to diminished demand, supply chain disruptions, inflation, and the lingering effects of COVID-19. Since acquiring Auto Plus, IEP has heavily invested in restructuring but has faced continued losses. The company plans to sell most of Auto Plus's assets during the bankruptcy proceedings. Notably, this development is not expected to significantly impact IEP's overall performance.