Business
Icahn Enterprises L.P. Reports Second Quarter 2020 Financial Results
Second quarter net income attributable to Icahn Enterprises of $299 million, or $1.36 per depositary unitBoard approves quarterly distribution of $2.00 per
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"Second quarter net income attributable to Icahn Enterprises of $299 million, or $1.36 per depositary unitBoard approves quarterly distribution of $2.00 per depositary unit SUNNY ISLES BEACH, Fla., Aug. 07, 2020 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) is reporting second quarter 2020 revenues of $2.7 billion and net income attributable to Icahn Enterprises of $299 million, or $1.36 per depositary unit. For the three months ended June 30, 2019, revenues were $2.2 billion and net loss attributable to Icahn Enterprises was $498 million, or $2.49 per depositary unit, including a loss of $474 million from continuing operations, or $2.37 per depositary unit. For the three months ended June 30, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $695 million compared to $(257) million for the three months ended June 30, 2019. For the three months ended June 30, 2020, Adjusted EBIT attributable to Icahn Enterprises was $607 million compared to $(349) million for the three months ended June 30, 2019.\n For the six months ended June 30, 2020, revenues were $2.6 billion and net loss attributable to Icahn Enterprises was $1.1 billion, or a loss of $4.97 per depositary unit. For the six months ended June 30, 2019, revenues were $4.1 billion and net loss attributable to Icahn Enterprises was $892 million, or a loss of $4.51 per depositary unit, including a loss of $868 million from continuing operations, or $4.39 per depositary unit. For the six months ended June 30, 2020, Adjusted EBITDA attributable to Icahn Enterprises was $(609) million compared to $(452) million for the six months ended June 30, 2019. For the six months ended June 30, 2020, Adjusted EBIT attributable to Icahn Enterprises was $(782) million compared to $(631) million for the six months ended June 30, 2019. On August 4, 2020, 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 September 29, 2020 to depositary unitholders of record at the close of business on August 21, 2020. Depositary unitholders will have until September 18, 2020 to make an election to receive either cash or additional depositary units; if a unitholder does not make an election, it will automatically be deemed to have elected to receive the distribution in cas...