Icahn Enterprises Q3 revenue beats estimates, net income up

Icahn Enterprises LP

05/11/2025 13:11

Overview

Icahn Enterprises Q3 revenue of $2.7 bln beats analyst expectations

Net income for Q3 was $287 mln, surpassing analyst estimates

Adjusted EBITDA for Q3 rose to $383 mln from $183 mln in Q3 2024

Result Drivers

INVESTMENT GAINS - Co attributes increase in net asset value to $678 mln gains from CVI and $267 mln from other fund positions

HEDGING LOSSES - Co reports $281 mln losses from hedging efforts offsetting some investment gains

NET ASSET VALUE INCREASE - Indicative net asset value rose by $567 mln due to investment gains

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.70 bln
$2.40 bln (1 Analyst)
Q3 EPS
Beat
$0.49
$0.14 (1 Analyst)
Q3 Net Income
Beat
$287 mln
$82 mln (1 Analyst)
Q3 Dividend
$0.50
Q3 Net Asset Value
$3.80 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 32.4% above its November 4 closing price of $8.11

The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nPn9Sqs9ta

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(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.)