earnings
confidence high
sentiment negative
materiality 0.70
Icahn Enterprises L.P. Reports Q2 2024 Net Loss of $331M and Declares $1.00 Distribution
ICAHN ENTERPRISES L.P.
- Second quarter 2024 net loss attributable to IEP was $331 million, compared to a loss of $269 million in Q2 2023.
- Adjusted EBITDA attributable to IEP was a loss of $155 million, versus a positive $14 million in the prior year quarter.
- Indicative Net Asset Value fell $969 million to approximately $4 billion as of June 30, 2024.
- Board declared a quarterly distribution of $1.00 per depositary unit, payable on September 25, 2024.
- Revenue for Q2 2024 was $2.2 billion, down from $2.6 billion in Q2 2023.