Icahn Enterprises Q1 net loss narrows to $38M from $270M; adjusted EBITDA rises to $134M

ICAHN ENTERPRISES L.P.

Net loss attributable to IEP improved to $38M ($0.09/unit) from $270M ($0.75/unit) in prior-year quarter.
Revenues decreased to $2.5B from $2.7B YoY; adjusted EBITDA rose 41% to $134M.
Indicative NAV increased $194M to ~$5B, driven by CVR Energy gains partially offset by hedging in Funds.
Declared Q1 distribution of $1.00/unit, payable June 25, 2024 to holders of record May 20, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ICAHN ENTERPRISES L.P. reported the three months ended March 31, 2024 results: revenue $2.5 billion, net income net loss was $38 million, EPS a loss of $0.09 per depositary unit.

Period: the three months ended March 31, 2024
Revenue: $2.5 billion
Net income: net loss was $38 million
EPS: a loss of $0.09 per depositary unit
Result: reported results

Exact text from the filing

For the three months ended March 31, 2024, revenues were $2.5 billion and net loss was $38 million, or a loss of $0.09 per depositary unit.

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Source: SEC EDGAR

accession 0001104659-24-058435

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