Business
Icahn Enterprises L.P. Reports Third Quarter 2019 Financial Results
Third quarter net loss attributable to Icahn Enterprises of $49 million, or a loss of $0.24 per depositary unitBoard approves quarterly distribution of $2.00
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"Third quarter net loss attributable to Icahn Enterprises of $49 million, or a loss of $0.24 per depositary unitBoard approves quarterly distribution of $2.00 per depositary unit NEW YORK, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) is reporting third quarter 2019 revenues of $2.3 billion and net loss attributable to Icahn Enterprises of $49 million, or a loss of $0.24 per depositary unit. For the three months ended September 30, 2018, revenues were $2.6 billion and net income attributable to Icahn Enterprises was $118 million, or $0.64 per depositary unit, including a loss of $45 million from continuing operations, or a loss of $0.24 per depositary unit. For the three months ended September 30, 2019, Adjusted EBITDA attributable to Icahn Enterprises was $(121) million compared to $5 million for the three months ended September 30, 2018. For the three months ended September 30, 2019, Adjusted EBIT attributable to Icahn Enterprises was $(209) million compared to $(79) million for the three months ended September 30, 2018.\n For the nine months ended September 30, 2019 revenues were $6.4 billion and net loss attributable to Icahn Enterprises was $941 million, or a loss of $4.68 per depositary unit, including a loss of $917 million from continuing operations, or a loss of $4.56 per depositary unit. For the nine months ended September 30, 2018, revenues were $9.0 billion and net income attributable to Icahn Enterprises was $552 million, or $3.04 per depositary unit, including $201 million from continuing operations, or $1.11 per depositary unit. For the nine months ended September 30, 2019, Adjusted EBITDA attributable to Icahn Enterprises was $(573) million compared to $665 million for the nine months ended September 30, 2018. For the nine months ended September 30, 2019, Adjusted EBIT attributable to Icahn Enterprises was $(840) million compared to $412 million for the nine months ended September 30, 2018. For the nine months ended September 30, 2019, indicative net asset value decreased to $7.49 billion compared to $8.15 billion as of December 31, 2018. On October 31, 2019, 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 December 20, 2019 to depositary unitholders of record at th...