Icahn Enterprises LP ( (IEP) ) has released its Q4 earnings. Here is a breakdown of the information Icahn Enterprises LP presented to its investors.
Icahn Enterprises L.P., a diversified holding company, operates in various sectors including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. The company recently released its fourth-quarter 2024 financial results, highlighting a net loss of $98 million, an improvement from the previous year’s loss. The company’s adjusted EBITDA increased to $12 million from $9 million in the same quarter of the previous year.
The financial report revealed a decrease in revenue to $2.6 billion from $2.7 billion in the fourth quarter of 2023. Despite the net loss, the company declared a quarterly distribution of $0.50 per depositary unit. The indicative net asset value decreased by $223 million, primarily due to declines in CVR Energy and Viskase, offset by an increase in the Real Estate segment’s value.
The company also noted a significant change in its Real Estate segment, with an agreement to sell certain properties, leading to an increase in the segment’s value. Additionally, the board declared a distribution to be paid in April 2025, allowing unitholders the option to receive cash or additional depositary units.
Looking forward, Icahn Enterprises remains focused on its diverse portfolio and strategic initiatives to enhance shareholder value. The management continues to navigate market challenges while seeking opportunities for growth across its various business segments.