Icahn Enterprises Q4 2023 net loss narrows to $139M; Adj EBITDA turns positive at $9M
ICAHN ENTERPRISES L.P.
- Q4 net loss attributable to IEP $139M ($0.33/unit) vs $255M loss ($0.74/unit) in Q4 2022.
- Q4 Adjusted EBITDA attributable to IEP $9M, compared to -$75M in prior-year quarter.
- Full-year 2023 revenue $10.8B, net loss $684M ($1.75/unit); FY2022 revenue $14.1B, net loss $183M ($0.57/unit).
- Indicative NAV $4.76B at Dec 31, 2023, down $411M from Sep 30, 2023, driven by hedge shorts and distributions.
- Board declares $1.00/unit distribution payable Apr 18, 2024 to holders of record Mar 11, 2024.