Icahn Enterprises Q4 profit rises; NAV drops due to long position changes, interest costs

Icahn Enterprises LP

25/02/2026 13:08

Overview

Diversified holding company reported Q4 revenue rose, beating analyst expectations

Q4 adjusted EBITDA increased significantly compared to last year

Indicative net asset value decreased due to long position changes and interest expenses

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

INVESTMENT FUNDS - Positive performance from investment funds contributed to increased adjusted EBITDA

LONG POSITION DECREASE - Decrease in net asset value was mainly due to a $778 million reduction in CVI long position

INTEREST EXPENSES - Interest expenses contributed to the decrease in net asset value

Company press release: ID:nPn5jp7ZMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.70 bln
$2.15 bln (1 Analyst)
Q4 Net Income
Miss
$1 mln
$99 mln (1 Analyst)
Q4 Net Asset Value
$3.20 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 55.1% above its February 24 closing price of $7.74

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 25 three months ago

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.)