Investing.com -- Icahn Enterprises L.P. reported a narrower fourth-quarter net loss on Thursday, beating analyst expectations despite a slight decline in revenue.
The diversified holding company posted a net loss of $98 million, or $0.19 per depositary unit, for the fourth quarter of 2024. This compares to a net loss of $139 million, or -$0.33 per unit, in the same period last year. Revenue fell slightly to $2.6 billion from $2.7 billion YoY.
Adjusted EBITDA attributable to Icahn Enterprises (NASDAQ:IEP) improved to $12 million, up from $9 million in Q4 2023.
"We saw improvement in our fourth quarter results compared to last year, despite ongoing challenges in some of our operating segments," said Carl Icahn, Chairman of Icahn Enterprises.
The company's indicative net asset value decreased by $223 million from the previous quarter to approximately $3.3 billion as of December 31, 2024. This decline was primarily driven by a $286 million drop in CVR Energy (NYSE:CVI)'s value and a $57 million decline in Viskase, partially offset by a $292 million increase in the Real Estate segment.
Icahn Enterprises declared a quarterly distribution of $0.50 per depositary unit, payable on or about April 16, 2025.
Related Articles
Icahn Enterprises reports Q4 net loss of $98 million, beats estimates
Trump asks Apple to end diversity policies after shareholders vote in favor
Tuesday's Insider Activity: Top Buys and Sells in US Stocks
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。