ICAHN ENTERPRISES L.P.

Listed Company

IEPCIK 0000813762NasdaqLarge AcceleratedPetroleum RefiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

$9.66B

Net Income

$-299.00M

Total Assets

$14.21B

Equity

—

Shares Out

672.05M

Op. Cash Flow

$-313.00M

IEP$7.23−15.24% · past yearDBEQ Basic

Daily closing prices

Business

Icahn Enterprises L.P. is a diversified holding company that acquires and operates undervalued companies across seven segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. The company employs a value-investor strategy rooted in identifying deeply depressed assets and actively improving them through management changes, operational restructuring, or activist interventions. Its major operating businesses include CVR Energy (petroleum refining, renewable fuels, nitrogen fertilizers), Icahn Automotive (automotive services and aftermarket parts), Viskase (food-packaging casings), WestPoint Home (home fashion products), and Vivus (specialty pharmaceuticals), with operations primarily in the United States and select international markets.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	8,631	9,193	11,077	13,378	10,304
Other revenues from operations	664	707	770	748	647
Net loss from investment activities	−183	−421	−1,575	−168	193
Interest and dividend income	288	477	636	328	137
Gain (loss) on disposition of assets, net	247	−4	8	−8	141
Other income, net	11	68	18	−82	—
Total revenues	9,658	10,020	10,934	14,196	11,338
Cost of goods sold	7,978	8,619	9,327	11,689	9,485
Other expenses from operations	599	603	643	583	—
Selling, general and administrative	837	783	852	1,250	1,238
Dividend expense	35	56	87	95	—
Restructuring, net	10	3	1	2	5
Impairment	40	—	7	0	0
Credit loss on related party note receivable	—	—	139	—	—
Loss on deconsolidation of subsidiary	—	—	246	—	—
Interest expense	504	523	554	568	666
Total Expenses	10,003	10,587	11,856	14,187	11,916
Loss before income tax benefit (expense)	−345	−567	−922	9	−578
Income tax benefit (expense)	19	25	−90	−34	78
Net loss	−326	−542	−1,012	−25	−500
Less: net loss attributable to non-controlling interests	−27	−97	−328	158	18
Net loss attributable to Icahn Enterprises	−299	−445	−684	−183	−518
Limited partners	−293	−436	−670	−179	−604
General partner	−6	−9	−14	−4	86
Basic loss per LP unit (in dollars per share)	−0.52	−0.94	−1.75	−0.57	−2.32
Basic weighted average LP units outstanding (in shares)	562	466	382	316	260
Diluted loss per LP unit (in dollars per share)	−0.52	−0.94	−1.75	−0.57	−2.32
Diluted weighted average LP units outstanding (in shares)	562	466	382	316	260
Distributions declared per LP unit (in dollars per share)	2	3.5	6	8	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,450	2,603	2,951	2,337	2,321
Cash held at consolidated affiliated partnerships and restricted cash	1,969	2,636	2,995	2,549	2,115
Investments	2,251	2,310	3,012	6,809	9,151
Due from brokers	1,656	1,624	4,367	7,051	5,530
Accounts receivable, net	393	479	485	606	546
Related party notes receivable, net	129	7	11	—	—
Inventories	845	897	1,047	1,531	1,478
Property, plant and equipment, net	3,670	3,843	3,969	4,038	4,085
Deferred tax asset	165	160	184	127	—
Derivative assets, net	7	22	64	805	612
Goodwill	290	288	288	288	290
Intangible assets, net	349	409	466	533	595
Assets held for sale	—	25	—	—	—
Other assets	1,041	976	1,019	1,240	1,023
Total Assets	14,215	16,279	20,858	27,914	27,746
Accounts payable	690	802	830	870	805
Accrued expenses and other liabilities	1,192	1,547	1,596	1,981	1,778
Deferred tax liabilities	314	331	399	338	390
Derivative liabilities, net	595	756	979	691	787
Securities sold, not yet purchased, at fair value	1,382	1,373	3,473	6,495	5,340
Due to brokers	—	40	301	885	1,611
Debt	6,600	6,800	7,200	7,100	7,700
Total liabilities	10,789	11,658	14,785	18,356	18,403
Commitments and contingencies (Note 19)	—	—	—	—	—
Limited partners: Depositary units: 637,209,452 units issued and outstanding at December 31, 2025 and 522,736,315 units issued and outstanding at December 31, 2024	2,728	3,241	3,969	4,647	4,298
General partner	−786	−775	−761	−747	−754
Equity attributable to Icahn Enterprises	1,942	2,466	3,208	3,900	3,544
Equity attributable to non-controlling interests	1,484	2,155	2,865	5,658	5,799
Total equity	3,426	4,621	6,073	9,558	9,343
Total Liabilities and Equity	14,215	16,279	20,858	27,914	27,746

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss from securities transactions	−323	207	595	52	−1,206
Purchases of securities	−1,372	−1,925	−963	−2,985	−2,158
Proceeds from sales of securities	1,990	1,474	4,537	5,359	4,172
Payments to cover securities sold, not yet purchased	−773	−2,227	−4,692	−2,908	−2,775
Proceeds from securities sold, not yet purchased	612	998	1,358	3,836	4,025
Changes in receivables and payables relating to securities transactions	−71	2,465	2,268	−2,390	−2,035
Changes in derivative assets and liabilities	−146	−181	1,029	−296	321
Depreciation and amortization	603	511	518	509	517
Credit loss expense	—	—	139	—	—
Impairment	40	—	7	—	—
Deferred taxes	9	−45	−48	−148	−168
Other, net	31	3	−84	72	50
Accounts receivable, net	86	15	78	−110	−110
Related party note receivable	—	—	7	—	—
Inventories	28	133	27	−96	−83
Other assets	−318	−1	55	−11	24
Accounts payable	−135	−33	59	45	77
Accrued expenses and other liabilities	−1	−24	−380	143	252
Net cash (used in) provided by operating activities	−313	832	3,736	1,055	321
Capital expenditures	−341	−280	−303	−338	−305
Turnaround expenditures	−197	−53	−57	−83	−5
Acquisition of businesses, net of cash acquired	—	−2	−20	—	−20
Proceeds from sale of equity investment	—	90	—	—	—
Proceeds from disposition of businesses and assets	120	3	33	4	414
Related party note receivable payments and distributions, net	—	4	30	—	—
Other, net	16	23	27	4	−1
Net cash (used in) provided by investing activities	−402	−215	−290	−260	528
Investment segment contributions from non-controlling interests	—	1	—	9	79
Investment segment distributions to non-controlling interests	−526	−511	−2,199	−23	−5
Partnership contributions	85	104	185	768	835
Partnership distributions	−288	−391	−307	−226	−134
Proceeds from sale of (purchase of) additional interests in consolidated subsidiaries	−72	−13	158	−1	—
Dividends and distributions to non-controlling interests in subsidiaries	−77	−95	−319	−270	−101
Proceeds from Holding Company senior notes	495	1,266	699	—	1,214
Repayments of Holding Company senior notes	−479	−1,229	−1,159	−500	−1,205
Repurchase of senior notes held in treasury	−46	−168	—	—	—
Proceeds from subsidiary borrowings	18	362	683	115	1,165
Repayments of subsidiary borrowings	−189	−629	−112	−216	−1,545
Other, net	−26	−20	−14	—	−10
Net cash used in financing activities	−1,105	−1,323	−2,385	−344	293
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents	—	−1	−1	−1	3
Net (decrease) increase in cash and cash equivalents and restricted cash and restricted cash equivalents	−1,820	−707	1,060	450	1,145

Filings

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Frequently asked questions

What is ICAHN ENTERPRISES L.P.'s CIK number?

ICAHN ENTERPRISES L.P.'s SEC CIK number is 0000813762 (813762). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ICAHN ENTERPRISES L.P.'s SEC filings?

All of ICAHN ENTERPRISES L.P.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ICAHN ENTERPRISES L.P. last report earnings?

ICAHN ENTERPRISES L.P. (IEP) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055925). This is ICAHN ENTERPRISES L.P.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ICAHN ENTERPRISES L.P.'s most recent earnings 8-K?

ICAHN ENTERPRISES L.P.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-055925. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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