Icahn Enterprises Q1 revenue rises, net loss widens

Icahn Enterprises LP

06/05/2026 13:11

Overview

U.S. diversified holding company's Q1 revenue rose yr/yr, net loss widened

Adjusted EBITDA loss for Q1 narrowed slightly from prior year

Indicative net asset value increased $201 mln, driven by gains in CVI holdings

Company declared quarterly distribution of $0.50 per depositary unit

Outlook

Icahn Enterprises did not provide specific guidance or financial forecasts for future periods

Result Drivers

CVI HOLDINGS - $605 mln increase in value of long position in CVI was primary driver of higher indicative net asset value

REFINING HEDGE LOSSES - $425 mln in losses from refining hedges in Investment segment impacted GAAP net loss

ENERGY DERIVATIVE LOSSES - $158 mln in unrealized derivative losses in Energy segment further weighed on results

Company press release: ID:nPnblp1Nca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.20 bln
$1.99 bln (1 Analyst)
Q1 EPS
Miss
-$0.71
$0.10 (1 Analyst)
Q1 Net Income
Miss
-$459 mln
$46 mln (1 Analyst)
Q1 Net Asset Value
$3.40 bln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

Wall Street's median 12-month price target for Icahn Enterprises LP is $12.00, about 44.1% above its May 5 closing price of $8.33

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)