Icahn Enterprises posts Q3 2026 net loss of $225 million; declares $0.50 distribution
Icahn Enterprises reported a third-quarter 2026 net loss attributable to IEP of $225 million, or $0.31 per depositary unit, compared with net income of $287 million, or $0.49 per unit, a year earlier, even as revenues rose to $3.2 billion from $2.7 billion. The company attributed the loss largely to $522 million of losses on refining hedges in the Investment Funds, and it declared a $0.50 per unit quarterly distribution. Indicative net asset value rose to about $3.5 billion as of September 30, 2026, helped by a roughly $1.7 billion increase in the value of its CVI position.
Key points
- Net loss attributable to IEP was $225 million, or $0.31 per unit, for Q3 2026, versus net income of $287 million, or $0.49 per unit, for Q3 2025.
- Revenues were $3.2 billion for Q3 2026, up from $2.7 billion for Q3 2025; Adjusted EBITDA attributable to IEP was a loss of $214 million, versus $75 million a year earlier.
- Q3 2026 results included $522 million of losses on refining hedges in the Investment Funds attributable to IEP.
- The $0.50 per unit distribution is payable on or about December 23, 2026, to unitholders of record at the close of business on November 16, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
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