Business
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Second Quarter 2025 Financial Results
SUNNY ISLES BEACH, Fla., Aug. 4, 2025 /PRNewswire/ -- Indicative Net Asset Value was approximately $3.3 billion as of June 30, 2025, an increase of $252
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"SUNNY ISLES BEACH, Fla., Aug. 4, 2025 /PRNewswire/ -- \n\nIndicative Net Asset Value was approximately $3.3 billion as of June 30, 2025, an increase of $252 million compared to March 31, 2025Q2 2025 net loss attributable to IEP was $165 million, compared to a loss of $331 million in Q2 2024Q2 2025 Adjusted EBITDA loss attributable to IEP was $43 million, compared to Adjusted EBITDA loss attributable to IEP of $155 million in Q2 2024IEP declares second quarter distribution of $0.50 per depositary unitFinancial Summary (Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified)\nFor the three months ended June 30, 2025, revenues were $2.4 billion and net loss was $165 million, or a loss of $0.30 per depositary unit. For the three months ended June 30, 2024, revenues were $2.2 billion and net loss was $331 million, or a loss of $0.72 per depositary unit. Adjusted EBITDA loss was $43 million for the three months ended June 30, 2025, compared to an Adjusted EBITDA loss of $155 million for the three months ended June 30, 2024.\nFor the six months ended June 30, 2025, revenues were $4.2 billion and net loss was $587 million, or a loss of $1.08 per depositary unit. For the six months ended June 30, 2024, revenues were $4.7 billion and net loss was $369 million, or a loss of $0.82 per depositary unit. Adjusted EBITDA loss was $330 million for the six months ended June 30, 2025, compared to an Adjusted EBITDA loss of $21 million for the six months ended June 30, 2024.\nAs of June 30, 2025, indicative net asset value increased $252 million compared to March 31, 2025.\nOn August 1, 2025, 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 September 24, 2025 to depositary unitholders of record at the close of business on August 18, 2025. Depositary unitholders will have until September 12, 2025 to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receiv...