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Dec 31, 2023
Icahn Enterprises Q4 2023 Earnings Report
Icahn Enterprises reported a net loss driven by shorts in the investment funds, but adjusted EBITDA improved compared to the previous year.
Key Takeaways
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.
Revenues for Q4 2023 were $2.7 billion.
Net loss for Q4 2023 was $139 million, or a loss of $0.33 per depositary unit.
Adjusted EBITDA for Q4 2023 was $9 million.
The Board of Directors declared a quarterly distribution of $1.00 per depositary unit.
Forward Guidance
The company expects returns to improve back to historical levels where long positions outperform hedges, which should result in enhanced NAV.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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