Icahn Enterprises L.P. (IEP)

In the past six months, IEP announced its Third Quarter 2025 financial results on November 5, 2025, and released its Fourth Quarter and Full Year 2025 financial results on February 25, 2026. An ex-dividend reminder was issued on March 5, 2026. On May 6, 2026, the company announced its First Quarter 2026 financial results, reporting a significant miss on EPS but a notable beat on revenue, along with management changes. The company declared quarterly distributions of $0.50 per depositary unit for both Q4 2025 and Q1 2026. As of May 8, 2026, IEP's stock was up 3.89% over the past 30 days but down 6.09% for the past 12 months, with a 52-week high of $9.99 and a 52-week low of $7.08.

Demand seasonality for Icahn Enterprises LP's products and services is influenced by various factors across its diverse segments. The Energy segment is subject to fluctuations in global demand for crude oil, refined products, and liquid transportation fuels, as well as unfavorable refining margins. The nitrogen fertilizer business within the Energy segment also experiences significant fluctuations in demand due to the agricultural industry's seasonality. Additionally, the Automotive segment is exposed to adverse conditions and seasonality within the broader automotive industry.

Icahn Enterprises L.P. (IEP) is an American publicly traded master limited partnership and conglomerate based in Sunny Isles Beach, Florida, operating across Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma, with Energy being its primary sector.

Icahn Enterprises LP primarily provides diversified business services in the United States, where it also generates its maximum revenue, and also has international operations.

Icahn Enterprises LP's brand reputation in the past year has been significantly shaped by events stemming from a May 2023 short-seller report and subsequent regulatory actions. A report by Hindenburg Research in May 2023 accused Icahn Enterprises of overvaluing its assets and operating a "Ponzi-like" economic structure, which led to a substantial drop in the company's share price. In August 2024, Carl Icahn and Icahn Enterprises settled charges with the SEC for failing to disclose information related to Icahn pledging IEP securities as collateral for personal margin loans. In September 2024, a proposed class-action lawsuit against IEP, which mirrored claims from the Hindenburg report, was dismissed without prejudice.

Icahn Enterprises L.P. is controlled by Carl Icahn, who owns 86 percent of the company. As of May 5, 2026, the company had 123 institutional owners and shareholders holding a total of 559,475,101 shares, including major institutional owners such as Morgan Stanley and Susquehanna International Group.