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Icahn Enterprises (IEP)
NASDAQ:IEP
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
-0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -1.66%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with significant achievements in the real estate segment and maintenance of liquidity, while facing challenges in the energy and automotive segments. The overall sentiment reflects a balance between positive strides in certain areas and significant declines in others.Company Guidance
During the Icahn Enterprises L.P. Fourth Quarter 2024 earnings call, several key metrics were discussed. The company's net asset value (NAV) decreased by $223 million from the previous quarter, primarily due to a $286 million decline in CVR Energy and the sale of certain real estate properties. The energy segment reported a Q4 2024 EBITDA of $99 million, down from $204 million in the prior year, with a refining margin per throughput barrel of $8.37 compared to $15.01. The automotive segment faced challenges, with plans for normalization by the second half of 2025. The fund ended the quarter 22% net long, adjusted to 35% net long excluding refining hedges. The board maintained a quarterly distribution of $0.50 per depository unit. The real estate segment saw a $292 million increase due to property sales and revaluation, while the investment funds were down 1.6% for the quarter. The company ended Q4 with $1.4 billion in cash and cash equivalents at the holding company and $915 million at the funds, highlighting a strong liquidity position.Real Estate Segment Value Surge
The real estate segment increased by $292 million due to the sale of certain properties and a change in valuation approach. This marks a significant jump in the indicative net asset value for the segment.
Successful Tender Offer in CVR Energy
A tender offer led to the successful purchase of 878,000 shares of CVR Energy, which is expected to benefit from improved crack spreads and potential resolution of litigation liabilities.
Maintained Liquidity and War Chest
The company ended the quarter with $1.4 billion in cash and cash equivalents at the holding company and an additional $915 million at the funds, providing a significant war chest to capitalize on opportunities.
Improved Renewable Margins
Q4 2024 renewable margin per vegetable oil throughput gallon improved to $0.79 from a loss of $0.90 in the prior year quarter, driven by lower cost of sales and an increase in the HOGO spread.
Pharma Segment Milestone
The Pharma segment's adjusted EBITDA improved by $1 million due to higher growth and a developmental therapy clearing a significant FDA milestone, leading to preparations for clinical trials.
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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
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IEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $10.26 | $10.03 | -2.24% |
| Nov 08, 2024 | $12.37 | $11.62 | -6.06% |
| Aug 07, 2024 | $15.12 | $14.45 | -4.43% |
| May 08, 2024 | $14.66 | $15.85 | +8.12% |
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.
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FAQ
When does Icahn Enterprises (IEP) report earnings?
Icahn Enterprises (IEP) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Icahn Enterprises (IEP) earnings time?
Icahn Enterprises (IEP) earnings time is at May 07, 2025, TBA Not 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?
IEP EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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