Icahn Enterprises L.P. Financial Performance Shifts

By Tamara Parker • Wednesday, March 06 10:36 • Permanent Link

Icahn Enterprises L.P. released its investor presentation for March 2024, revealing significant changes in its financial performance compared to the previous period. Here are some key metrics:

Investment Segment:
Total assets decreased to $5.36 billion from the previous period's $10.85 billion.
Net income (loss) attributable to IEP improved from a loss of $701 million to a loss of $701 million.
Adjusted EBITDA attributable to IEP declined from $701 million to $361 million.
Energy Segment:
Total revenue decreased to $5.26 billion from $9.30 billion in the previous period.
Net income (loss) attributable to IEP declined from $508 million to $869 million.
Adjusted EBITDA attributable to IEP also decreased from $869 million to $508 million.
Automotive Segment:
Total revenue increased to $2.02 billion from $1.75 billion.
Net income (loss) attributable to IEP improved from a loss of $6 million to a gain of $113 million.
Real Estate Segment:
Total revenue increased to $488 million from $143 million.
Net income (loss) attributable to IEP also improved from a loss of $16 million to a gain of $28 million.
All Other Operating Segments:
Total revenue increased to $951 million from $708 million.
Net income (loss) attributable to IEP increased from $3 million to $87 million.
Holding Company:
Total revenue increased to $1.99 billion from $110 million.
Net income (loss) attributable to IEP improved from a loss of $504 million to a loss of $35 million.

As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $19.45. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.