---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019412"
form_type: "8-K"
ticker: "IEP"
cik: "0000813762"
company_name: "ICAHN ENTERPRISES L.P."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:34:16.007366+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Icahn Enterprises Q4 net income $1M vs loss $98M; Adj EBITDA $281M vs $16M; NAV down $654M on CVI drop

## Summary
- Q4 2025 net income $1M ($0/unit) vs net loss $98M ($0.19/unit loss) in Q4 2024.
- Q4 2025 Adjusted EBITDA $281M vs $16M in Q4 2024.
- Full year 2025 revenues $9.7B, net loss $299M ($0.52/unit loss) vs 2024 revenues $10.0B, net loss $445M ($0.94/unit loss).
- Declared quarterly distribution $0.50/unit, payable April 15, 2026 to record March 9, 2026.
- Indicative NAV $3.2B at Dec 31, 2025, down $654M from Sep 30, 2025 driven by $778M decrease in CVI long position.

## SEC filing metadata
- accession: 0001104659-26-019412
- form_type: 8-K
- ticker: IEP
- cik: 0000813762
- company_name: ICAHN ENTERPRISES L.P.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813762/000110465926019412/0001104659-26-019412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813762/000110465926019412/tm267264d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019412
- JSON: https://secwatch.observer/filing/0001104659-26-019412.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019412.txt

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