Business
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter and Full Year 2025 Financial Results
SUNNY ISLES BEACH, Fla., Feb. 25, 2026 /PRNewswire/ -- Q4 2025 Adjusted EBITDA was $281 million, compared to Adjusted EBITDA of $16 million in Q4 2024Q4 2025
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"SUNNY ISLES BEACH, Fla., Feb. 25, 2026 /PRNewswire/ --\nQ4 2025 Adjusted EBITDA was $281 million, compared to Adjusted EBITDA of $16 million in Q4 2024Q4 2025 net income attributable to IEP was $1 million, compared to a net loss of $98 million in Q4 2024IEP declares fourth quarter distribution of $0.50 per depositary unitIndicative Net Asset Value was approximately $3.2 billion as of December 31, 2025, a decrease of $654 million compared to September 30, 2025. The decrease was primarily due to a decrease of $778 million of our long position in CVI and the Holding Company's net interest expense of $75 million. The decrease was offset in part by the positive performance from the Funds of $261 millionFinancial Summary(Net income, net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified)For the three months ended December 31, 2025, revenues were $2.7 billion and net income was $1 million, or approximately $0 per depositary unit. For the three months ended December 31, 2024, revenues were $2.6 billion and net loss was $98 million, or a loss of $0.19 per depositary unit. Adjusted EBITDA was $281 million for the three months ended December 31, 2025, compared to Adjusted EBITDA of $16 million for the three months ended December 31, 2024.For the year ended December 31, 2025, revenues were $9.7 billion and net loss was $299 million, or a loss of $0.52 per depositary unit. For the year ended December 31, 2024, revenues were $10.0 billion and net loss was $445 million, or a loss of $0.94 per depositary unit. Adjusted EBITDA was $338 million for the year ended December 31, 2025, compared to Adjusted EBITDA of $184 million for the year ended December 31, 2024.As of December 31, 2025, indicative net asset value decreased $654 million compared to September 30, 2025. The decrease was primarily due to a decrease of $778 million of our long position in CVI and the Holding Company's net interest expense of $75 million. The decrease was offset in part by the positive performance from the Funds of $261 million.On February 23, 2026, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $0.50 per depositary unit, which will be paid on or about April 15, 2026 to depositary unitholders of record at the close of business on Mar...