NASDAQ$IEP

Icahn Enterprises LP · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Icahn Enterprises' financial performance declined with a net loss, but adjusted EBITDA increased compared to the previous year.

Icahn Enterprises reported revenues of $3.0 billion and a net loss of $6 million, or a loss of $0.01 per depository unit, for the three months ended September 30, 2023. This compares to revenues of $3.4 billion and a net loss of $123 million, or a loss of $0.37 per depository unit, for the three months ended September 30, 2022. Adjusted EBITDA was $272 million for the three months ended September 30, 2023, compared to $70 million for the three months ended September 30, 2022.

  • Revenues were $3.0 billion for the three months ended September 30, 2023.
  • Net losses were $6 million, or a loss of $0.01 per depository unit for the three months ended September 30, 2023.
  • Adjusted EBITDA was $272 million for the three months ended September 30, 2023.
  • Indicative net asset value increased $147 million compared to June 30, 2023.

Headline financials

Total Revenue

$2.99B

Previous: $3.4B-12.2%
EPS (adj)

-$0.01

Previous: -$0.37+97.3%
Adjusted EBITDA Attributable to IEP

$272M

No prior period
Indicative Net Asset Value

$147M

Previous: $6.2B-97.6%
Capital Expenditures

-$70M

Previous: -$100M+30.0%
Free Cash Flow

-$76M

Previous: -$223M+65.9%
Net Income

-$6M

Previous: -$123M+95.1%
Operating Income

$2.33B

Previous: $3.08B-24.5%
Gross Profit

$2.55B

Previous: $3.4B-25.1%

Revenue & EPS history

Icahn Enterprises · Revenue · Quarterly

$2.99B

Q3 2023-12.2%vs Q3 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 Q3 2023

Historical avgQ3 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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