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.
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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.
Icahn Enterprises reported a net income of $72 million or $0.23 per depositary unit for the nine months ended September 30, 2022, contrasting with a net loss of $122 million or ($0.47) per depositary unit in the same period of 2021. Revenues surged to $11.0 billion from $9.0 billion year-over-year. The company saw an increase in indicative net asset value by $1.0 billion to $6.2 billion as of September 30, 2022. However, the third quarter recorded a net loss of $123 million with adjusted EBITDA of $70 million, a decline from the previous year.
Icahn Enterprises L.P. (Nasdaq:IEP) will discuss its third quarter 2022 results on a conference call and webcast scheduled for November 4, 2022, at 10:00 a.m. ET. The company operates across seven segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. Participants can access the call via a provided webcast or registration link. A replay will also be available shortly after the event.