Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2026 Financial Results
Key Highlights
- ➤Indicative NAV reached approximately $3.5 billion, rising $865 million quarter-over-quarter
- ➤Q3 net loss $225 million versus $287 million profit year-over-year
- ➤Adjusted EBITDA loss reached $214 million, versus $75 million profit previously
- ➤CVR Energy agreed to acquire Marathon refineries and marketing platform for $4.2 billion
- ➤IEP declared $0.50 quarterly distribution, its 86th consecutive since 2005
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2026 Financial Results PR Newswire
* Indicative Net Asset Value was approximately $3.5 billion as of September 30, 2026, an increase of $865 million compared to June 30, 2026. This increase was primarily due to an increase of approximately $1.7 billion in the value of our long position in our majority owned subsidiary, CVI (which is currently valued at $4.2 billion(1)), offset in part with a decrease of $522 million related to losses on refining hedges in the Investment Funds attributable to IEP. * IEP declares third quarter distribution of $0.50 per depositary unit (the 86(th) consecutive quarterly distribution since 2005). * Net loss attributable to IEP was $225 million for Q3 2026, compared to net income of $287 million for Q3 2025. Q3 2026 net loss included $522 million of losses on refining hedges in the Investment Funds attributable to IEP but does not include the increase in value of approximately $1.7 billion from our long position in CVI. * Adjusted EBITDA attributable to IEP was a loss of $214 million for Q3 2026, compared to Adjusted EBITDA of $75 million for Q3 2025. Q3 2026 Adjusted EBITDA included $522 million of losses on refining hedges in the Investment Funds attributable to IEP but does not include the increase in value of approximately $1.7 billion from our long position in CVI. * CVR Energy announced a transformative transaction to acquire two refineries and a marketing platform from Marathon Petroleum for $4.2 billion purchase price which represents less than 3.5 times management's estimate of 2026 EBITDA. Financial Summary
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