Icahn Enterprises Posts Q4 2024 Results, Declares Quarterly Distribution

Icahn Enterprises L.P. (Nasdaq: IEP) today released its financial results for the fourth quarter of 2024, revealing a significant improvement in its net loss and a boost in adjusted operating performance compared to the same period last year.

For Q4 2024, the partnership reported a net loss attributable to IEP of $98 million, an improvement of $41 million over Q4 2023. Quarterly adjusted EBITDA increased to $12 million from $9 million in the prior year quarter. Revenues for the three-month period ended December 31, 2024, reached $2.6 billion, while net loss per depositary unit stood at $0.19, compared to $0.33 in Q4 2023.

Management also highlighted its indicative net asset value, which was approximately $3.3 billion as of December 31, 2024. This valuation decreased by $223 million compared to September 2024. The decline was primarily driven by a $286 million drop in the value of CVR Energy, combined with a $57 million decrease in Viskase, partially offset by a $292 million increase in the value of the Real Estate segment, the latter reflecting the impact of a recent agreement to sell certain properties along with a revision of the fair-market value estimate for remaining assets.

In addition, the Board of Directors of the general partner declared a quarterly distribution of $0.50 per depositary unit. The distribution is scheduled to be paid on or about April 16, 2025, with depositary unitholders of record as of the close of business on March 10, 2025. Unitholders will have until April 4, 2025, to elect whether they wish to receive the distribution in cash or additional depositary units. Should no election be made, the units will automatically be issued based on the volume-weighted average trading price over the consecutive five trading days ending April 11, 2025, with any fractional units settled in cash.

The filing, submitted via Form 8-K with the Securities and Exchange Commission, includes additional detail on both GAAP and non-GAAP financial measures, which management believes offer investors supplemental insight into the company’s core operating performance. The results reflect operations across a diversified portfolio, including segments in investments, energy, automotive, food packaging, real estate, home fashion, and pharma.

Investors are reminded that forward-looking statements contained in the release involve numerous risks and uncertainties that could cause actual results to differ materially.

Further information regarding these results and the accompanying discussions is contained in the press release attached as Exhibit 99.1 to the Form 8-K filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Icahn Enterprises’s 8K filing here.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.