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Investing.com -- Icahn Enterprises L.P. (NASDAQ:IEP) reported first quarter 2025 financial results that fell short of analyst expectations on the revenue front, sending shares down 2.2% in trading.
The diversified holding company posted revenue of $2 billion for the quarter, missing the consensus estimate of $2.63 billion. However, adjusted earnings per share came in at $0.50, surpassing analyst projections of $0.21.
Icahn Enterprises reported a net loss attributable to the company of $422 million, or $0.79 per depositary unit, compared to a loss of $38 million, or $0.09 per unit, in the same quarter last year. Revenue declined 24% YoY from $2.5 billion in Q1 2024.
The company’s Adjusted EBITDA loss was $287 million for the quarter, a significant drop from Adjusted EBITDA of $134 million in the prior-year period. The decrease was primarily due to losses of $224 million in the Investment segment, driven mainly by setbacks in the healthcare sector.
"Our first quarter results reflect ongoing challenges in certain segments, particularly investments," said CEO Carl Icahn. "We remain focused on long-term value creation across our diverse portfolio of businesses."
Icahn Enterprises declared a quarterly distribution of $0.50 per depositary unit, payable on June 25, 2025 to unitholders of record as of May 19, 2025.
The company’s indicative net asset value decreased by $336 million to approximately $3 billion as of March 31, 2025, compared to December 31, 2024.
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