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 LP (IEP) provides investors with comprehensive news coverage across its seven operating segments: energy, automotive, real estate, investment strategies, food packaging, home fashion, and pharmaceutical interests. This centralized resource aggregates official press releases and third-party analysis to streamline due diligence for stakeholders.
Users gain immediate visibility into strategic developments including earnings announcements, regulatory filings, and partnership updates. The curated feed maintains chronological organization while highlighting material events across IEP's diversified portfolio. Regular updates ensure timely access to operational changes in refining operations, automotive parts distribution, and real estate transactions.
Key content categories include quarterly financial disclosures, leadership changes, sustainability initiatives, and market expansion updates. Subscribers receive alerts for critical developments in IEP's petroleum operations, automotive service networks, and pharmaceutical investments. The archive enables historical performance analysis across business cycles.
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Icahn Enterprises L.P. (IEP) reported Q4 2021 revenues of $2.3 billion with a net loss of $396 million, equating to a loss of $1.72 per depositary unit. This contrasts with $2.8 billion in revenues and $146 million in net income for Q4 2020. For the full year 2021, revenues reached $11.3 billion with a net loss of $518 million, improving from a loss of $1.7 billion in 2020. Despite losses, indicative net asset value increased by $1.6 billion to $5.1 billion.
A quarterly distribution of $2.00 per depositary unit was declared for payment on April 27, 2022.
Icahn Enterprises L.P. (Nasdaq: IEP) will discuss its Q4 and full year 2021 results on a conference call and webcast scheduled for February 25, 2022, at 10:00 a.m. ET. The event can be accessed via their website and will also be archived there. Investors can join the call by dialing (866) 393-0676 in the U.S. or (253) 237-1149 internationally, using the passcode 3191508. Icahn Enterprises operates in seven segments, including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma.
IEP Utility Holdings LLC has extended its tender offer to purchase shares of Southwest Gas Holdings for $75.00 per share until February 23, 2022. The Offeror has amended the Offer to allow for closure prior to securing regulatory approvals by establishing independent Delaware statutory trusts to hold any shares exceeding 24.9% ownership. Additionally, the Offer includes a condition for the election of a majority of the Icahn slate to Southwest Gas's board of directors. As of January 26, 2022, approximately 9,443,158 shares had been tendered.
On December 24, 2021, IEP Utility Holdings LLC, an affiliate of Icahn Enterprises, announced an extension of its tender offer for Southwest Gas Holdings' common stock. The offer price remains at $75.00 per share, now set to expire on January 26, 2022. As of December 23, 2021, approximately 8,670,967 shares were validly tendered. The offer is subject to specific conditions outlined in the Offer to Purchase document, which can be accessed on the SEC's website. Stockholders are encouraged to review these materials as they contain vital information regarding the tender offer.
Icahn Enterprises (NASDAQ: IEP) announced the completion of its sale of 100% equity interest in PSC Metals, LLC to SA Recycling LLC for approximately $323 million. The asset was previously valued at $147 million on Icahn's balance sheet. The transaction includes the lease of strategic land in Nashville to SA Recycling. Chairman Carl C. Icahn highlighted the positive timing of this sale, emphasizing improved EBITDA under challenging market conditions since the acquisition in 2007.
Icahn Enterprises L.P. (NASDAQ: IEP) has promoted David Willetts to President and CEO, effective immediately. Willetts, previously the Chief Financial Officer since June 2021, succeeded Aris Kekedjian, who resigned for personal family reasons. Ted Papapostolou has been appointed as the new CFO, having been with the company since 2007. The management changes aim to strengthen leadership at Icahn Enterprises, a diversified holding company with operations in sectors including investment, energy, and automotive.
Icahn Enterprises L.P. (IEP) reported third quarter 2021 revenues of $2.6 billion with a net loss of $148 million, or $0.55 per depositary unit, an improvement from a net loss of $714 million in Q3 2020. Adjusted EBITDA increased to $88 million, up from $(550) million year-over-year. For the nine months ended September 30, 2021, revenues totaled $9.0 billion with a net loss of $122 million. The indicative net asset value rose to $5.4 billion, driven by improved real estate evaluations. The Board declared a $2.00 distribution on November 1, 2021, marking the 66th consecutive quarterly distribution.
Icahn Enterprises L.P. (NASDAQ: IEP) announced the sale of 100% equity in PSC Metals, LLC to SA Recycling LLC for approximately $290 million. This amount includes debt repayment and is subject to standard working capital adjustments. The company valued PSC Metals at $141 million on its balance sheet as of June 30, 2021. Icahn Enterprises retains a strategic land parcel previously owned by PSC Metals and plans to lease it to SA Recycling. The transaction is expected to close by the end of 2021, pending regulatory approvals.
Icahn Enterprises L.P. (Nasdaq:IEP) has rescheduled its third quarter 2021 earnings conference call to 3:00 p.m. ET on November 2, 2021. The call will be accessible via www.ielp.com and will include an archive for later viewing. Investors can join the call using the toll-free number (866) 393-0676 or the international number (253) 237-1149 with the passcode 8673748. Icahn Enterprises operates in diverse sectors including Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma.
Icahn Enterprises L.P. (Nasdaq:IEP) will discuss its Q3 2021 results during a conference call on November 2, 2021, at 10:00 a.m. Eastern Time. Investors can access the webcast live on the company's website, with an archive available post-event. The toll-free dial-in number in the U.S. is (866) 393-0676.
Icahn Enterprises operates across eight segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma.
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