NASDAQ$IEP

Icahn Enterprises LP · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported revenues of $2.6 billion and a net loss attributable to Icahn Enterprises of $270 million for the first quarter of 2023.

Icahn Enterprises L.P. reported a decrease in revenues to $2.6 billion and a net loss of $270 million for the three months ended March 31, 2023. Adjusted EBITDA was $116 million, and the indicative net asset value remained relatively flat at $5.6 billion compared to the end of the previous year.

  • Revenues for Q1 2023 were $2.6 billion, compared to $4.1 billion for Q1 2022.
  • Net loss attributable to Icahn Enterprises was $270 million, or a loss of $0.75 per depositary unit.
  • Adjusted EBITDA attributable to Icahn Enterprises was $116 million, down from $616 million in the same period last year.
  • Indicative net asset value was relatively flat at $5.6 billion as of March 31, 2023.

Headline financials

Total Revenue

$2.64B

Previous: $4.08B-35.3%
EPS (adj)

-$0.75

Previous: $1.06-170.8%
Adjusted EBITDA Attributable to IEP

$116M

Previous: $616M-81.2%
Indicative Net Asset Value

$5.6B

Previous: $1.1B+409.1%
Capital Expenditures

-$58M

Previous: -$55M-5.5%
Free Cash Flow

-$328M

Previous: $268M-222.4%
Net Income

-$270M

Previous: $323M-183.6%
Operating Income

$2.4B

Previous: $3.77B-36.4%
Gross Profit

$2.64B

Previous: $4.08B-35.3%

Revenue & EPS history

Icahn Enterprises · Revenue · Quarterly

$2.64B

Q1 2023-35.3%vs Q1 2022
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Forward guidance

This release may contain certain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-8.1%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+15.2%

Q3 2023

Best reaction

-27.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.7%-2.6%-11.0%
Q4 2025+3.2%+4.8%-3.7%
Q3 2025+8.9%+11.0%-2.6%
Q2 2025-0.2%+3.2%-6.3%
Q1 2025-4.4%+5.2%-3.2%
Q4 2024-2.2%-2.5%-10.2%
Q3 2024-0.2%-3.6%-18.1%
Q2 2024-5.0%-1.3%-37.0%
Q1 2024+5.0%+7.0%-2.7%
Q4 2023+3.6%-11.1%-21.0%
Q3 2023+15.2%+12.7%-0.8%
Q2 2023-27.6%-27.3%-38.1%
Q1 2023-16.6%-10.1%-26.3%
Q4 2022-0.6%-0.3%-6.5%
Q3 2022+1.3%+1.0%-5.7%
Q2 2022+0.1%+0.4%-5.0%
Q1 2022-1.5%+0.1%-4.0%
Q4 2021+0.8%+0.1%-5.4%
Q3 2021-0.3%-0.8%-11.7%
Q2 2021+0.9%-0.6%-7.5%
Q1 2021+5.1%+0.1%-4.1%
Q4 2020-8.5%-9.6%-18.3%
Q3 2020-2.0%-1.4%-3.3%
Q2 2020+7.0%+7.3%-5.0%
Q1 2020+2.3%+0.3%+4.4%
Q4 2019+3.5%+0.8%-21.3%
Q3 2019-3.1%-2.9%-11.3%
Q2 2019+1.4%+1.1%-8.8%
Q1 2019-0.7%+0.1%-8.5%
Q4 2018+6.3%+4.8%+0.7%
Q3 2018-6.2%-6.3%-11.6%
Q2 2018+1.9%+3.8%-0.2%
Q1 2018+2.4%+7.6%+3.3%
Q4 2017+4.4%+12.7%+4.5%
Q3 2017+6.2%+4.3%-5.1%
Q2 2017+3.3%-1.3%-2.7%
Q1 2017-3.2%-6.3%-9.8%
Q4 2016-4.3%-3.1%-8.9%
Q3 2016-0.6%+0.1%+17.6%
Q2 2016-0.4%+2.4%-9.5%
Q1 2016-11.7%
Q4 2015+10.3%
Q3 2015-1.9%
Q2 2015-1.6%
Q1 2015-0.9%
Q4 2014-6.3%
Q3 2014-1.8%
Q2 2014-1.0%
Q1 2014-2.4%
Q4 2013+3.2%
Q3 2013+13.4%
Q2 2013-0.3%
Q1 2013+8.5%
Q4 2012-2.3%
Q3 2012-5.4%
Q1 2012-5.3%
Q4 2011+1.4%
Q3 2011-2.9%
Q2 2011+6.6%
Q1 2011+3.0%
Q4 2010-2.8%
Q3 2010-1.0%
Q2 2010-0.1%
Q1 2010-12.1%

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