Icahn Enterprises(US:IEP)2023-05-10 14:01Financial Performance - IEP's Q1 2023 net loss attributable was $270 million, compared to a net income of $323 million for Q1 2022[17] - IEP's Q1 2023 Adjusted EBITDA was $116 million, compared to $616 million for Q1 2022[17] - The Investment Funds had a negative return of 4.1% for Q1 2023[17] - The Energy segment had net income attributable to IEP of $132 million in Q1 2023, compared to $61 million in Q1 2022[17] - Automotive segment net sales and other revenues decreased by $106 million for Q1 2023 compared to Q1 2022, while Adjusted EBITDA improved by $23 million[40] Segment Results - The Energy segment's Adjusted EBITDA attributable to IEP increased by $87 million to $229 million for Q1 2023 compared to $142 million in the prior-year period[34] - Real Estate segment Q1 2023 Adjusted EBITDA decreased by $3 million compared to Q1 2022[56] - All Other segments' Adjusted EBITDA was $20 million in Q1 2023, compared to $16 million for Q1 2022[5] Assets and Liquidity - As of March 31, 2023, the fair value of IEP's investment in the Funds was approximately $4 billion[35] - Holding Company cash and cash equivalents were $1868 million[48] - As of March 31, 2023, the Funds had a net short notional exposure of 38%[29]