Icahn Enterprises posted strong third-quarter results, highlighted by a surge in net income and adjusted EBITDA, despite a slight decline in revenue year-over-year.

Icahn Enterprises saw higher revenue in Q2 2025 and a smaller net loss compared to the prior year. Although the company remained in the red, its Adjusted EBITDA loss significantly narrowed year over year.

Icahn Enterprises reported a net loss of $422 million for Q1 2025, compared to a loss of $38 million in Q1 2024. Adjusted EBITDA loss was $287 million, a significant increase from the $134 million loss in the prior year. The indicative net asset value decreased by $336 million from December 31, 2024, primarily due to losses in the Investment segment.

Icahn Enterprises reported a net loss of $98 million for Q4 2024, an improvement compared to a net loss of $139 million in Q4 2023. Revenue decreased slightly to $2.6 billion, while Adjusted EBITDA rose to $12 million.

Icahn Enterprises reported revenues of $2.8 billion and net income of $22 million, or $0.05 per depositary unit, for the three months ended September 30, 2024. Adjusted EBITDA was $183 million. The company decreased its quarterly distribution from $1.00 to $0.50 per depositary unit to fund investments and maintain liquidity.

Icahn Enterprises reported a net loss of $331 million on revenues of $2.2 billion for the second quarter of 2024. This compares to a net loss of $269 million on revenues of $2.6 billion for the same period in 2023. Adjusted EBITDA was a loss of $155 million, significantly lower than the $14 million Adjusted EBITDA in the prior year.

Icahn Enterprises reported revenues of $2.5 billion and a net loss of $38 million for the first quarter of 2024. Adjusted EBITDA was $134 million, compared to $95 million for the same period in the previous year. The indicative net asset value increased by $194 million compared to December 31, 2023.

Icahn Enterprises reported Q4 2023 revenues of $2.7 billion and a net loss of $139 million, or $0.33 per depositary unit. The losses were primarily driven by shorts in the investment funds. Adjusted EBITDA was $9 million, compared to a loss of $75 million in the same quarter of 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.

Icahn Enterprises reported revenues of $2.5 billion and a net loss of $269 million for the second quarter of 2023. Adjusted EBITDA was $34 million. The company declared a quarterly distribution of $1.00 per depositary unit.

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.

Icahn Enterprises reported Q4 2022 revenues of $3.1 billion and a net loss attributable to Icahn Enterprises of $255 million, or a loss of $0.74 per depositary unit.

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.

Icahn Enterprises L.P. reported revenues of $3.5 billion and a net loss attributable to Icahn Enterprises of $128 million, or a loss of $0.41 per depositary unit, for the second quarter of 2022. Adjusted EBITDA attributable to Icahn Enterprises was $126 million for the same period.

Icahn Enterprises L.P. reported first quarter 2022 revenues of $4.1 billion and net income attributable to Icahn Enterprises of $323 million, or $1.06 per depositary unit.

Icahn Enterprises L.P. reported Q4 2021 revenues of $2.3 billion and a net loss attributable to Icahn Enterprises of $396 million, or a loss of $1.72 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was ($443) million.

Icahn Enterprises L.P. reported third quarter 2021 revenues of $2.6 billion and a net loss attributable to Icahn Enterprises of $148 million, or a loss of $0.55 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $88 million for the three months ended September 30, 2021.

Icahn Enterprises L.P. reported second quarter 2021 revenues of $3.0 billion and a net loss attributable to Icahn Enterprises of $136 million, or a loss of $0.53 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $192 million, a decrease compared to $696 million for the same period last year.

Icahn Enterprises L.P. reported first quarter 2021 revenues of $3.4 billion and net income attributable to Icahn Enterprises of $162 million, or $0.65 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $435 million.

Icahn Enterprises L.P. reported fourth quarter 2020 revenues of $2.8 billion and net income attributable to Icahn Enterprises of $146 million, or $0.61 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $420 million.

Icahn Enterprises L.P. reported a net loss of $714 million, or a loss of $3.14 per depositary unit, on revenues of $722 million for the third quarter of 2020. This compares to a net loss of $49 million on revenues of $2.3 billion for the same period in 2019. Adjusted EBITDA attributable to Icahn Enterprises was $(550) million compared to $(121) million for the three months ended September 30, 2019.

Icahn Enterprises L.P. reported second quarter 2020 revenues of $2.7 billion and net income attributable to Icahn Enterprises of $299 million, or $1.36 per depositary unit.

Icahn Enterprises L.P. reported first quarter 2020 revenues of $(60) million and a net loss attributable to Icahn Enterprises of $1.4 billion, or $6.34 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $(1.3) billion.

Icahn Enterprises L.P. reported fourth quarter 2019 revenues of $2.6 billion and a net loss of $157 million, or $0.74 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $111 million.