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Why Is Icahn Enterprises Stock Falling On Wednesday?
IEPIcahn Enterprises(IEP) Benzinga·2025-02-26 19:23

Core Viewpoint - Icahn Enterprises L.P. reported a fourth-quarter earnings loss of 19 cents per share, missing the expected profit of 18 cents, while quarterly sales of 2.558billionexceededestimatesdespiteayear−over−yeardeclineof5.12.558 billion exceeded estimates despite a year-over-year decline of 5.1% [1][5] Financial Performance - The company processed approximately 214,000 barrels per day in the Petroleum segment during the quarter [1] - Total vegetable oil throughput was about 187,000 gallons per day under the Renewables segment, with a renewable margin of 0.79 per gallon, improving from a loss of 0.90inthepreviousyear[2]−AdjustedEBITDAforthequarterwas0.90 in the previous year [2] - Adjusted EBITDA for the quarter was 12 million, up from 9millionintheyear−agoperiod[2]−AdjustedEBITDAattributabletoallothersegmentswas9 million in the year-ago period [2] - Adjusted EBITDA attributable to all other segments was 14 million, down from 22millioninthepreviousyear[5]AssetandDebtManagement−Theindicativenetassetvaluedecreasedby22 million in the previous year [5] Asset and Debt Management - The indicative net asset value decreased by 223 million compared to September 30, 2024, primarily due to declines in CVR Energy and Viskase, partially offset by an increase in the Real Estate segment [4] - The company exited the quarter with cash and equivalents totaling 2.603billion[5]−Totaldebtdecreasedto2.603 billion [5] - Total debt decreased to 6.809 billion from 7.207billionintheyear−agoperiod[5]MarketReaction−IEPsharesweretradinglowerby2.637.207 billion in the year-ago period [5] Market Reaction - IEP shares were trading lower by 2.63% to 9.99 at the last check on Wednesday [5]