Icahn Enterprises Q4 hurt by short positions, resulting in $139M net loss [Seeking Alpha]
Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests (IEP)
US:NASDAQ Investor Relations:
ielp.com/investor-relations
Company Research
Source: Seeking Alpha
The per-share loss is steeper than the $0.01 per-share loss it recorded in Q3 2023 but narrower than the $0.74 per-share loss posted in Q4 2022. Q4 total revenue of $2.68B, missing the $2.73B consensus, slipped from $2.99B in the prior quarter and $3.28B in the year-ago period. Chairman Carl C. Icahn explained that the company's activist model produces uneven results in the short term. "Given our hedge portfolio and the frequent long time horizon of our complex activist investments, our returns can often be lumpy," he said. IEP's hedge book can sometimes "go against us and overwhelm the performance of our long positions," he added. "While there are never guarantees, we expect our returns to improve back to historical levels where our long positions far outperform our hedge." Q4 2023 net loss from investment activities was $300M, compared with $332M in Q3 and $478M in Q4 2022. Total expenses of $2.87B declined from $2.92B in the prior quarter and $3.57B a year earlier. Adj
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High impacting Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests news events
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IEP
News
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference CallPR Newswire
- CVR Partners: Q1 Distribution Outlook And Potential Buyout [Seeking Alpha]Seeking Alpha
- Billionaire Carl Icahn Has a Whopping 62% of His Portfolio in 1 Stock [Yahoo! Finance]Yahoo! Finance
- Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock [Yahoo! Finance]Yahoo! Finance
IEP
Earnings
- 2/28/24 - Miss
IEP
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form SC
- 3/6/24 - Form 8-K
- IEP's page on the SEC website