Business
Icahn Enterprises L.P. Reports First Quarter 2023 Financial Results
For the three months ended March 31, 2023, net loss attributable to Icahn Enterprises was $270 million, or a loss of $0.75 per depositary unit. For the three
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"For the three months ended March 31, 2023, net loss attributable to Icahn Enterprises was $270 million, or a loss of $0.75 per depositary unit. For the three months ended March 31, 2022, net income attributable to Icahn Enterprises was $323 million, or $1.06 per depositary unit. For the three months ended March 31, 2023, Adjusted EBITDA attributable to Icahn Enterprises was $116 million compared to $616 million for the three months ended March 31, 2022Indicative Net Asset Value was relatively flat at $5.6 billion as of March 31, 2023 and December 31, 2022. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earningsBoard approves quarterly distribution of $2.00 per depositary unit (the 72nd consecutive quarterly distribution since 2005) SUNNY ISLES BEACH, Fla., May 10, 2023 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq: IEP) is reporting revenues of $2.6 billion and net loss attributable to Icahn Enterprises of $270 million, or a loss of $0.75 per depositary unit, for the three months ended March 31, 2023. For the three months ended March 31, 2022, revenues were $4.1 billion and net income attributable to Icahn Enterprises was $323 million, or $1.06 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $116 million for the three months ended March 31, 2023, compared to $616 million for the three months ended March 31, 2022. \nFor the three months ended March 31, 2023, indicative net asset value was relatively flat at $5.6 billion compared to December 31, 2022. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earnings reported above. \nOn May 9, 2023, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit, which will be paid on or about June 30, 2023, to depositary unitholders of record at the close of business on May 22, 2023. Depositary unitholders will have until June 20, 2023, 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....