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SUNNY ISLES BEACH, Fla. - On Monday, Icahn Enterprises L.P. (NASDAQ:IEP) reported a narrower second quarter loss on Monday as revenue increased YoY, though results fell short of analyst expectations.
The company’s stock edged up 0.87% in pre-market trading following the announcement.
For the second quarter ended June 30, 2025, the diversified holding company posted a net loss attributable to IEP of $165 million, or -$0.30 per depositary unit, compared to a loss of $331 million, or -$0.72 per unit, in the same period last year. The results missed analyst expectations of $0.15 per unit. Revenue rose to $2.4 billion from $2.2 billion in the year-ago quarter, slightly beating the consensus estimate of $2.4 billion.
The company reported an Adjusted EBITDA loss of $43 million for the quarter, significantly improved from the $155 million loss recorded in the second quarter of 2024. Icahn Enterprises’ indicative net asset value increased by $252 million to approximately $3.3 billion as of June 30, 2025, compared to March 31, 2025.
"Our second quarter results reflect continued progress in narrowing our losses compared to the prior year," said a company executive. "The increase in our indicative net asset value demonstrates the underlying strength of our diversified portfolio despite ongoing challenges."
The Board of Directors declared a quarterly distribution of $0.50 per depositary unit, to be paid on or about September 24, 2025, to unitholders of record as of August 18, 2025. Unitholders can elect to receive the distribution in cash or additional depositary units.
IEP shares rose modestly by 0.78% following the earnings release, as investors appeared to focus on the improved year-over-year performance despite the quarterly loss.
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