Why Is Icahn Enterprises Stock Falling On Wednesday?

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 $2.558 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 $0.90 in the previous year [2] - Adjusted EBITDA for the quarter was $12 million, up from $9 million in the year-ago period [2] - Adjusted EBITDA attributable to all other segments was $14 million, down from $22 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 $2.603 billion [5] - Total debt decreased to $6.809 billion from $7.207 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]