Icahn Enterprises(US:IEP) Prnewswire·2024-08-07 12:00Financial Performance - For the second quarter of 2024, Icahn Enterprises reported a net loss of $331 million, which is a decline of $62 million compared to the same quarter in the previous year [1] - Adjusted EBITDA for the second quarter of 2024 was a loss of $155 million, compared to a gain of $14 million in the second quarter of 2023 [1] - Revenues for the second quarter of 2024 were $2.2 billion, down from $2.6 billion in the same quarter of 2023 [1][2] Year-to-Date Performance - For the first half of 2024, revenues totaled $4.7 billion, with a net loss of $369 million, compared to revenues of $5.2 billion and a net loss of $539 million in the first half of 2023 [2] - Adjusted EBITDA for the first half of 2024 was a loss of $21 million, down from a gain of $109 million in the same period of 2023 [2] Asset Valuation - As of June 30, 2024, the indicative net asset value of Icahn Enterprises was approximately $4 billion, a decrease of $969 million from March 31, 2024 [1][3] - The indicative net asset value does not reflect the market price at which the depositary units trade, and it is subject to fluctuations based on various factors [14][16] Distribution Information - The Board of Directors declared a quarterly distribution of $1.00 per depositary unit, to be paid on or about September 25, 2024 [4] - Depositary unitholders will have until September 13, 2024, to elect to receive either cash or additional depositary units [4] Company Overview - Icahn Enterprises L.P. is a diversified holding company with subsidiaries engaged in various sectors including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma [5]