Business
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2026 Financial Results
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2026 Financial Results
About this update from Icahn Enterprises L.p.
[{"type":"text","content":"SUNNY ISLES BEACH, Fla., May 6, 2026 /PRNewswire/ --","length":52,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Indicative Net Asset Value was approximately $3.4 billion as of March 31, 2026, an increase of $201 million compared to December 31, 2025. This improvement was primarily due to an increase of $605 million in the value of our long position in CVI, offset in part by losses on refining hedges in the Investment segment of $320 million, the Holding Company's net interest expense of $79 million and IEP distribution payable of $51 million. Excluding refining hedges and $605 million of gains in CVI, the Investment segment alone saw positive performance of $110 million.","length":571,"tagName":"p"}]},{"val":[{"type":"text","content":"IEP declares first quarter distribution of $0.50 per depositary unit","length":68,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":639,"olType":false},{"type":"text","content":"Financial Summary","length":17,"tagName":"p"},{"type":"text","content":"For the three months ended March 31, 2026, revenues were $2.2 billion and net loss attributable to IEP was $459 million, or approximately $0.71 per depositary unit. This first quarter 2026 GAAP net loss does not include the increase of $605 million in the value of our long position in CVI and was negatively impacted by $425 million of losses resulting from the impact of refining hedges within our Investment segment and $158 million of unrealized derivative losses within our Energy segment and does not include $447 million of aggregate locked in value expected to be derived within our Energy segment through 2027 from the sale of NYMEX crack spread swaps entered into during Q1 2026 (in each case including losses and expected value attributable to non-controlling interests). For the three months ended March 31, 2025, revenues were $1.9 billion and net loss attributable to IEP was $422 million, or a loss of $0.79 per depositary unit. Adjusted EBITDA loss attributable to IEP was $216 million for the three months ended March 31, 2026, compared to Adjusted EBITDA loss attributable to IEP of $228 million for the three months ended March 31, 2025.[1]","length":1159,"tagName":"p"},{"type":"text","content":"As of March 31, 2026, indicative net asset value increased $201 million compared to December 31, 2025. This improvem...