NASDAQ$IEP

Icahn Enterprises LP · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Icahn Enterprises reported a net loss for Q3 2022, with revenues increasing compared to the same period last year.

Icahn Enterprises L.P. reported third quarter 2022 revenues of $3.4 billion and a net loss attributable to Icahn Enterprises of $123 million, or a loss of $0.37 per depositary unit.

  • Third quarter revenues reached $3.4 billion.
  • Net loss attributable to Icahn Enterprises was $123 million, or a loss of $0.37 per depositary unit.
  • Adjusted EBITDA attributable to Icahn Enterprises was $70 million.
  • Indicative net asset value increased by $1.0 billion to $6.2 billion for the nine months ended September 30, 2022.

Headline financials

Total Revenue

$3.4B

Previous: $2.65B+28.6%
EPS (adj)

-$0.37

Previous: -$0.55+32.7%
Indicative Net Asset Value

$6.2B

Previous: $5.4B+14.8%
Capital Expenditures

-$100M

Previous: -$81M-23.5%
Free Cash Flow

-$223M

Previous: -$229M+2.6%
Net Income

-$123M

Previous: -$148M+16.9%
Operating Income

$3.08B

Previous: $2.31B+33.5%
Gross Profit

$3.4B

Previous: $2.65B+28.6%

Revenue & EPS history

Icahn Enterprises · Revenue · Quarterly

$3.4B

Q3 2022+28.6%vs Q3 2021
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Forward guidance

This release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from expectations.

Tailwinds

  • Statements about the expected future business and financial performance of Icahn Enterprises and its subsidiaries.

Headwinds

  • Risks related to economic downturns, substantial competition and rising operating costs.
  • Risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate.
  • The impacts from the Russia/Ukraine conflict, including economic volatility and the impacts of export controls and other economic sanctions.
  • Risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees.
  • Risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended.

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 Q3 2022

Historical avgQ3 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro