ICAHN ENTERPRISES L.P. (IEP) Icahn Enterprises L.P. (IEP) is a diverse holding company that operates through its various subsidiaries across numerous industries, serving both the United States and international markets. Its core business activities span investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals. Specifically, the Investment division strategically deploys its own capital by managing a portfolio of private investment funds. The Energy segment is involved in both refining and marketing transportation fuels, alongside the production and distribution of nitrogen-based fertilizers, including urea ammonium nitrate and ammonia. Within the Automotive sector, IEP handles the wholesale and retail distribution of vehicle components, in addition to offering comprehensive auto repair and maintenance services. The Food Packaging segment focuses on manufacturing and supplying various casings—such as cellulosic, fibrous, and plastic types—that are essential for preparing processed meat products. Its extensive Real Estate operations encompass leasing commercial properties (retail, office, and industrial), constructing and selling residential units and single-family homes, and managing golf courses, clubs, hotels, and timeshare resorts. The Home Fashion division is responsible for the entire lifecycle of consumer home products, from manufacturing and sourcing to marketing, distribution, and sales. Lastly, the Pharmaceutical segment provides a range of medicinal products and related services. Established in 1987, Icahn Enterprises L.P. maintains its principal corporate office in Sunny Isles Beach, Florida.
Sector: Petroleum Refining
Industry: Oil & Gas Refining & Marketing
Icahn Enterprises L.P. NASDAQ:IEP Industrials · Conglomerates
Mkt Cap $3.6B
Div Yield 42.11%
Close $4.75 AH $4.88 Now $4.87 PM VOL 30K $ Vol ≈ $144K RVOL 8.57x
Close $4.75 -7.41% AH $4.88 -0.20% since
Mkt Cap $3.6B
PM VOL 30K sh
$ Vol ≈$144K
RVOL 8.57×
Div Yield 42.11%
Press Release ● Major ⚠ 5
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2026 Financial Results
Icahn Enterprises reported Q3 2026 revenues of $3.2 billion and a net loss of $225 million, or $0.31 per depositary unit, swinging from $287 million net income ($0.49/unit) a year ago.
The loss was driven by $522 million of refining-hedge losses in the Investment Funds, while Adjusted EBITDA was a $214 million loss versus +$75 million last year. Indicative NAV nonetheless rose $865 million quarter-over-quarter to $3.5 billion, largely on a ~$1.7 billion gain in the CVI stake.
The board declared the 86th consecutive quarterly distribution of $0.50 per unit, payable around December 23, 2026.
CVR Energy separately announced a $4.2 billion acquisition of two refineries and a marketing platform from Marathon Petroleum, which would lift CVR's pro forma nine-month EBITDA to ~$2.0 billion with over 105% EPS accretion before $75 million of future synergies.
• 6d ago AI analysis › Press Release
Icahn Enterprises L.P. Announces Q3 2026 Earnings Conference Call
Icahn Enterprises will discuss Q3 2026 results on a webcast Tuesday, November 3, 2026 at 10:00 a.m. Eastern Time.
A replay will be available for at least twelve months on the company's website. No results were released with this notice.
• 12d ago AI analysis › Press Release ● Major
Mavis Completes Acquisition of Pep Boys from Icahn Enterprises
Icahn Enterprises sold The Pep Boys-Manny, Moe & Jack Holding Corp. to Mavis Tire Express Services Corp. for approximately $700 million in cash.
The transaction includes nearly 800 Pep Boys locations but allows IEP to retain the owned real estate as well as the AAMCO Transmissions and Precision Tune Auto Care businesses.
This divestiture simplifies IEP's automotive segment and delivers significant cash proceeds while preserving the real estate income stream.
• 2mo ago AI analysis › Press Release ● Major ⚠ 4
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Second Quarter 2026 Financial Results
Icahn Enterprises reported Q2 2026 net loss attributable to IEP of $355 million, or $0.52 per unit, widening from a $165 million loss in the prior year period as revenues rose to $3.0 billion.
Adjusted EBITDA swung to a loss of $134 million compared to a $40 million profit in Q2 2025, while Indicative Net Asset Value decreased by $765 million during the quarter to approximately $2.6 billion due primarily to declines in its CVR Energy position and market hedges.
The Board declared a quarterly distribution of $0.50 per depositary unit, with Chairman Carl Icahn attributing the weak results to hedging dislocations caused by geopolitical events.
• 3mo ago AI analysis › Press Release
Icahn Enterprises L.P. Announces Q2 2026 Earnings Conference Call
Icahn Enterprises L.P. announced it will hold a webcast to discuss its second quarter 2026 financial results on August 5, 2026, at 10:00 a.m. Eastern Time.
The company recommends that viewers access the webcast 15 minutes prior to the start time and stated that a replay will be available for at least twelve months.
Icahn Enterprises operates as a diversified holding company engaged in seven primary business segments, including Investment, Energy, Automotive, and Real Estate.
• 3mo ago AI analysis › Press Release ● Major
Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash
Icahn Enterprises entered into a definitive agreement to sell its subsidiary, The Pep Boys-Manny, Moe & Jack Holding Corp., to Mavis Tire Express Services Corp. for approximately $700 million in cash.
As part of the transaction, IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses.
The acquisition adds nearly 800 locations to Mavis's network, expanding its footprint in the Western U.S. and growing its total presence to more than 4,400 service centers.
• 3mo ago AI analysis › Press Release ● Major
Icahn Enterprises L.P. Announces Management Changes
Icahn Enterprises promoted Ted Papapostolou to President and Chief Executive Officer, effective immediately, replacing Andrew Teno who resigned to relocate with his family.
Robert Flint was elevated to Chief Financial Officer and appointed to the board of directors, succeeding Mr. Papapostolou as CFO.
The company emphasized that Mr. Teno's departure was not due to any disagreement, and Chairman Carl Icahn expressed gratitude for his service.
• 6mo ago AI analysis › Press Release ● Major ⚠ 3
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2026 Financial Results
Icahn Enterprises reported Q1 revenue of $2.2 billion, but GAAP net loss widened to $459 million, largely due to $425 million in refining hedge losses and $158 million in unrealized derivative losses.
Despite the net loss, Indicative Net Asset Value increased by $201 million to approximately $3.4 billion, driven primarily by a $605 million gain in its CVI position.
The Board declared a quarterly distribution of $0.50 per depositary unit, maintaining the dividend payout despite the volatility.
• 6mo ago AI analysis › Press Release
Icahn Enterprises L.P. Announces Q1 2026 Earnings Conference Call
Icahn Enterprises scheduled a webcast for May 6, 2026 at 10:00 a.m. ET to review its first quarter 2026 results.
The company recommends accessing the webcast 15 minutes early, with a replay available for twelve months following the event.
Icahn Enterprises operates as a diversified holding company with seven primary business segments including Investment, Energy, and Automotive.
• 6mo ago AI analysis › 
