Quarterly ResultMay 6, 2026, 08:02 AM
Icahn Enterprises Q1 Net Loss $459M; NAV $3.4B; Declares $0.50 Dividend
AI Summary
Icahn Enterprises L.P. reported a net loss attributable to IEP of $459 million, or $0.71 per depositary unit, for the first quarter of 2026, compared to a net loss of $422 million in Q1 2025. Revenues increased to $2.2 billion from $1.9 billion year-over-year. The company's indicative net asset value rose to approximately $3.4 billion as of March 31, 2026, an increase of $201 million from the prior quarter. Additionally, a quarterly distribution of $0.50 per depositary unit was declared.
Key Highlights
- Q1 2026 net loss attributable to IEP was $459 million, or $0.71 per depositary unit.
- Q1 2026 revenues were $2.2 billion, up from $1.9 billion in Q1 2025.
- Indicative Net Asset Value was approximately $3.4 billion as of March 31, 2026.
- NAV increased by $201 million compared to December 31, 2025.
- NAV increase driven by a $605 million gain in CVI long position.
- Investment segment (excluding refining hedges and CVI gains) saw positive performance of $110 million.
- Quarterly distribution of $0.50 per depositary unit declared.
- Adjusted EBITDA loss attributable to IEP was $216 million for Q1 2026.