---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-045332"
form_type: "8-K"
ticker: "IEP"
cik: "0000813762"
company_name: "ICAHN ENTERPRISES L.P."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T10:00:16.343436+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-045332
- form_type: 8-K
- ticker: IEP
- cik: 0000813762
- company_name: ICAHN ENTERPRISES L.P.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813762/000110465925045332/0001104659-25-045332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813762/000110465925045332/tm2514266d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-045332
- JSON: https://secwatch.observer/filing/0001104659-25-045332.json
- Plain text: https://secwatch.observer/filing/0001104659-25-045332.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.