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AI compiled from Infoway · 4 analyzed stories

Icahn Enterprises Reports Q3 2026 Net Loss of $225 Million

Icahn Enterprises reported a third-quarter 2026 net loss of $225 million, or $0.31 per depositary unit, compared with net income of $287 million a year earlier. Revenue rose to $3.171 billion, while Adjusted EBITDA was a loss of $214 million.

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What happened

Icahn Enterprises reported a third-quarter 2026 net loss of $225 million, compared with net income of $287 million a year earlier. Revenue rose to $3.171 billion, but refining hedge losses and impairment expenses weighed on results. The company declared a $0.50 distribution per depositary unit, payable December 23, 2026.

Global impact / market context

The loss shows that higher revenue did not prevent a weaker result. Refining hedge losses were a major drag. The declared distribution is a separate payment to unit holders, while the reported net asset value was about $3.5 billion, mainly reflecting a rise in CVI’s value.

What to watch

  1. Check whether the next results show smaller refining hedge losses, because they weighed on this quarter’s results.
  2. Check whether the $0.50 distribution is paid on December 23, 2026, as declared.
  3. Check whether reported net asset value changes, since its rise to about $3.5 billion mainly reflected CVI’s higher value.

Affected assets

  • CVR Energy, Inc.
  • Icahn Enterprises L.P. depositary units

Evidence