earnings
confidence high
sentiment neutral
materiality 0.60
Icahn Enterprises Q3 net loss narrows to $6M; revenue down 12% YoY to $3.0B
ICAHN ENTERPRISES L.P.
- Q3 net loss of $6M ($0.01/unit) vs loss of $123M ($0.37/unit) in Q3 2022; revenue $3.0B (down from $3.4B).
- Adjusted EBITDA attributable to IEP was $272M, up from $70M in prior-year quarter.
- Indicative net asset value increased $147M from June 30 to $5.2B at September 30, 2023.
- Board declared a $1.00/unit quarterly distribution payable Dec 27 to holders of record Nov 17.
- Nine-month net loss of $545M ($1.47/unit) vs net income of $72M ($0.23/unit) in 2022; includes Auto Plus bankruptcy losses.