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Icahn Enterprises LP (IEP)
NASDAQ:IEP
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.79Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of material positives (strong fund performance in Q4, robust growth and deleveraging at Sentry, a sizable AEP capital plan, improved liquidity with over $1.2 billion in fund cash, and active debt reduction) alongside notable operational and segment-specific weaknesses (a $654M NAV decline, nearly 48.5% year-over-year drop in Energy adjusted EBITDA, production disruptions in fertilizer, CVI share-price weakness, and multiple segment EBITDA declines). Management’s actions on liquidity and capital allocation are constructive, but the sizable energy and operating segment headwinds temper the outlook. Overall the positives and negatives are fairly balanced, leaving a cautious but stable outlook.Company Guidance
Strong Quarterly Funds Performance
Funds were up approximately 11% in Q4 2025 including refining hedges and up approximately 9% excluding refining hedges; for the full year funds were flat including hedges and up ~7% excluding hedges. Top contributors in Q4 included EchoStar, refining hedges, and Sentry.
Sentry Rapid Growth and Deleveraging
Sentry reported base revenue and EBITDA growth of 25–28% (Q3 run-rate cited), and leverage declined to mid-2x EBITDA following an equity offering, providing significant financial flexibility.
Large AEP Capital Plan and Growth Outlook
AEP disclosed a $72 billion CapEx plan driving asset base growth at a 10% CAGR and expected EPS growth at a 9% CAGR through 2030, with potential incremental projects of $5–8 billion.
Improved Liquidity and Capital Position
Holding company had $3.5 billion in cash and investment in the funds at quarter-end; subsidiaries had $913 million in cash and revolver availability. Funds cash rose from approximately $750 million at year-end to more than $1.2 billion recently (an increase of over 60%).
Debt Reduction and Capital Actions
Management has reduced IEP corporate debt and called in the remaining balance of 2026 maturities; Board declared an unchanged distribution of $0.50 per depositary unit.
EchoStar Strategic Monetization
EchoStar sold additional spectrum to SpaceX in exchange for SpaceX common equity, demonstrating spectrum value and creating potential upside tied to a SpaceX IPO.
Operational Recovery Steps at CVI and Wynnewood
Management is focused on improving capture rates at CVI to boost profitability; in December CVI reverted the RDU at the Wynnewood refinery back to hydrocarbon processing (operational change intended to improve results).
Pharma Clinical Progress
TRANSCEND trial preparation for the PAH drug is on schedule with first patient expected to be dosed in 60–90 days; physician community is reportedly enthusiastic about potential disease‑modifying designation.
IEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $7.74 | $7.97 | +3.04% |
Nov 07, 2025 | $9.15 | $8.85 | -3.28% |
Aug 04, 2025 | $8.50 | $8.47 | -0.35% |
May 07, 2025 | $7.83 | $7.50 | -4.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Icahn Enterprises LP (IEP) report earnings?
Icahn Enterprises LP (IEP) is schdueled to report earning on May 13, 2026, TBA (Confirmed).
What is Icahn Enterprises LP (IEP) earnings time?
Icahn Enterprises LP (IEP) earnings time is at May 13, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IEP EPS forecast?
Currently, no data Available
