Icahn Enterprises L.P. (IEP) recently released its investor presentation for May 2025, showcasing its financial performance and strategic initiatives.
In the twelve months ended March 31, 2025, IEP reported the following Adjusted EBITDA and net income (loss) figures for its operating segments: Investment: Adjusted EBITDA was ($223) million and net income (loss) was ($223) million. Energy: Adjusted EBITDA was $48 million and net income (loss) was ($34) million. Automotive: Adjusted EBITDA was $32 million and net income (loss) was ($20) million. Food Packaging: Adjusted EBITDA was $9 million and net income (loss) was ($6) million. Real Estate: Adjusted EBITDA was $3 million and net income (loss) was ($9) million. Home Fashion: Adjusted EBITDA was $33 million and net income (loss) was $6 million. * Pharma: Adjusted EBITDA was ($30) million and net income (loss) was ($280) million.
The company's Investment segment, which includes private investment funds, reported a fair value of approximately $2.5 billion as of March 31, 2025. The segment's historical financial summary showed a net long notional exposure of 20% as of the same date.
IEP's ability to maximize shareholder value through its proven activist strategy was highlighted in the presentation. The company seeks undervalued companies and often becomes actively involved in the targeted companies, implementing changes required to improve businesses.
The presentation also provided a timeline of significant acquisitions and exits, showcasing IEP's successful track record in generating significant returns through strategic transactions. For example, in 2017, the company sold American Railcar Leasing for $3.3 billion, resulting in a pre-tax gain of $1.7 billion.
Today the company's shares have moved -3.46% to a price of $8.93. For the full picture, make sure to review ICAHN ENTERPRISES L.P.'s 8-K report.
