Q1 net loss $422M vs $38M loss YoY; revenue down to $1.9B from $2.5B

ICAHN ENTERPRISES L.P.

Net loss $422M ($0.79/unit) vs $38M loss ($0.09/unit) in Q1 2024.
Revenue fell to $1.9B from $2.5B, a 24% decline YoY.
Adjusted EBITDA loss $287M vs prior-year positive $134M.
Indicative NAV $3.0B, down $336M vs Dec 31, 2024, driven by $224M investment losses.
Quarterly distribution maintained at $0.50/unit; payable June 25 to unitholders of record May 19.

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