Icahn Enterprises L.P. (NASDAQ:IEP) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Robert Flint - Chief Accounting Officer Andrew Teno - President & Chief Executive Officer Ted Papapostolou - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Operator Good morning, and welcome to the Icahn Enterprises LP's First Quarter 2024 Earnings Conference Call with Andrew Teno, President and Chief Executive Officer; Ted Papapostolou, Chief Financial Officer; and ...

Losses narrowed and it kept its high-yielding dividend intact.Icahn Enterprises (IEP 4.08%) delivered its first-quarter results before the opening bell Wednesday, narrowing its net losses year over year and keeping its mouth-watering dividend at its previous level. Investors reacted positively to the news, sending shares of the holding company up by as much as 5% in morning trading. As of 12:06 p.m., they had retreated slightly, but were still up by 4.1%.Better results, stable dividendIcahn Enterprises is t ...

2023 • As of March 31, 2024, the Funds had a net short notional exposure of 27% • CVR Refining is an independent petroleum refiner and marketer of high-value transportation fuels in the midcontinent of the United States • Adjusted EBITDA attributable to IEP decreased by $111 million to $118 million for Q1 2024 compared to $229 million in the prior-year quarter • We conduct our Automotive segment through our wholly owned subsidiaries, Icahn Automotive Group LLC ("Icahn Automotive") and our wholly owned subsi ...

Exhibit 99.1 Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2024 Financial Results Sunny Isles Beach, Fla, May 8, 2024 – · IEP declares first quarter distribution of $1.00 per depositary unit Financial Summary (Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified) For the three months ended March 31, 2024, revenues were $2.5 billion and net loss was $38 million, or a loss of $0.09 per depositary unit. For the three ...

SUNNY ISLES BEACH, Fla., April 29, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:IEP) announced today that it will discuss its first quarter 2024 results on a webcast on Wednesday, May 8, 2024 - 10:00 a.m. Eastern Time. To access the webcast, viewers should go to this link (webcast). We encourage viewers to access the webcast 15 minutes ahead of the scheduled start time. A replay of the webcast will also be available for at least twelve months at Icahn events and presentations.Icahn Enterprises L.P., ...

woraput Introduction I was going through the May 2023 report of short seller Hindenburg Research about conglomerate Icahn Enterprises (NASDAQ: IEP) and what peaked my attention was the deep discrepancy mentioned between the net asset value (NAV) and market valuation for meat packaging firm Viskase (OTCPK:VKSC): As one example, as of December 2022, IEP reported 90% ownership in shares of Viskase, a publicly traded meat packaging business. Typically, publicly traded companies are marked at their share price f ...

Icahn Enterprises stock is battling several difficult challenges. Will it succeed?It's easy to hate on Icahn Enterprises (IEP) stock these days. Over the past 12 months, shares have lost more than two-thirds of their value. Some investors believe a turnaround is just around the corner. Others believe the stock should be left for dead.Is Icahn Enterprises a buy, sell, or hold right now?Don't expect many dividendsThe first thing many investors notice about Icahn Enterprises stock is its 30% dividend yield. Fe ...

Very rarely can a single stock make you a millionaire. Icahn Enterprises (IEP 1.52%) is no exception. Investing in this stock should be part of a diversified approach focused on long-term results. But that doesn't mean shares can't provide meaningful upside to your investment portfolio, especially at today's depressed prices.In the past year, Icahn Enterprises stock has lost roughly two-thirds of its value. Many investors are taking a closer look, given the company is controlled by a well-respected investor ...

Dividends that provide a passive source of revenue for investors often seem great on the surface. Stocks with high yields can sometimes indicate a company’s instability or solely serve the purpose of attracting investors without offering sustainable returns.The three stocks we’ll introduce in this article have very high dividends but shaky financials and past troubles with cuts. Investors should be aware of the real picture behind the attractive dividend rates that these companies proclaim.To better underst ...

Carl Icahn is one of the top activist investors in the world. Icahn is a legend in the investing world for his ability to identify undervalued companies and push for changes in management or strategy that can help make those companies more valuable.Icahn has 57% of his investment portfolio invested in a single stock: Icahn Enterprises (IEP 0.75%). The stock offers an impressive dividend yield nearing 29% but has faced significant scrutiny over the past year. As a result, its price has fallen 66% since May 2 ...