earnings
confidence high
sentiment negative
materiality 0.85
Icahn Enterprises Q3 net income $22M; cuts quarterly distribution to $0.50 from $1.00
ICAHN ENTERPRISES L.P.
- Q3 2024 net income attributable to IEP of $22M ($0.05/unit) vs Q3 2023 net loss of $6M.
- Adjusted EBITDA attributable to IEP $183M, down from $243M in prior-year quarter.
- Quarterly distribution cut to $0.50 per depositary unit from $1.00, payable Dec 26 to holders of record Nov 18.
- Indicative NAV $3.6B at Sep 30, down $423M from June 30, driven by declines in CVI and Automotive.
- Icahn plans to launch tender offer for additional CVR Energy (CVI) shares; ~$2.3B liquidity as of Oct 31.