Quarterly ResultAug 5, 2026, 06:08 AM
Icahn Enterprises Q2 Net Loss Widens to $355M; Equity Down
AI Summary
Icahn Enterprises L.P. reported a significant net loss attributable to the company of $355 million for the second quarter of 2026, widening from $165 million in the prior year. Basic and diluted loss per LP unit increased to $0.52. Total assets decreased to $12.89 billion and total equity fell to $2.15 billion as of June 30, 2026. The company also increased its ownership in CVR Energy to 71% and completed a merger for its Viskase subsidiary.
Key Highlights
- Net loss attributable to Icahn Enterprises widened to $355M in Q2 2026 from $165M in Q2 2025.
- Basic and diluted loss per LP unit increased to $0.52 for Q2 2026 from $0.30 in Q2 2025.
- Total assets decreased to $12.89B as of June 30, 2026, from $14.22B at year-end 2025.
- Total equity declined to $2.15B as of June 30, 2026, from $3.43B at year-end 2025.
- Net sales for Q2 2026 increased to $3.08B from $2.14B in Q2 2025.
- Increased ownership in CVR Energy to 71% by acquiring 783,404 shares for $16M.
- Viskase completed merger with Enzon Pharmaceuticals; IEP now owns 94% of combined company.
- Declared distributions of $0.50 per LP unit for Q2 2026.
Price Impact
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