Icahn Enterprises LP ( (IEP) ) has released its Q3 earnings. Here is a breakdown of the information Icahn Enterprises LP presented to its investors.
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Icahn Enterprises L.P. is a diversified holding company that operates in various sectors including investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals.
In its third quarter of 2025, Icahn Enterprises reported an increase in its indicative net asset value to approximately $3.8 billion, marking a $567 million rise from the previous quarter. The company also declared a quarterly distribution of $0.50 per depositary unit.
Key financial metrics for the third quarter of 2025 show a significant improvement compared to the same period in 2024. Adjusted EBITDA rose to $383 million from $183 million, while net income attributable to Icahn Enterprises surged to $287 million from $22 million. Despite a slight decrease in quarterly revenues from $2.8 billion to $2.7 billion, the company managed to enhance its profitability.
For the nine months ending September 30, 2025, the company reported revenues of $7.0 billion and a net loss of $300 million, an improvement from the $347 million loss in the same period of 2024. The increase in indicative net asset value was driven by gains in long positions and positive performance in the funds, although partially offset by hedging losses and other expenses.
Looking ahead, Icahn Enterprises remains focused on leveraging its diversified portfolio to navigate market challenges and capitalize on growth opportunities. The management’s outlook suggests a cautious yet optimistic approach to maintaining and potentially increasing shareholder value.

