Icahn Enterprises (NASDAQ:IEP) Releases Quarterly Earnings Results, Misses Estimates By $0.63 EPS

Icahn Enterprises (NASDAQ:IEP) issued its earnings results on Wednesday. The conglomerate reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.63), FiscalAI reports. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.04 billion. Icahn Enterprises had a negative return on equity of 10.27% and a negative net margin of 3.24%.

Here are the key takeaways from Icahn Enterprises’ conference call:

• Indicative NAV fell $765 million in Q2, primarily due to a $243 million decline in the investment funds and a $435 million decline in CVI. The funds returned negative 7.7% excluding refining hedges and negative 10.9% including them.
• IEP agreed to sell Pep Boys for $700 million, subject to customary adjustments, with closing expected in Q3. Proceeds are expected to provide financial flexibility, including for addressing upcoming 2027 debt maturities, while IEP will retain real estate, franchise businesses, and certain leases.
• The Energy segment’s Adjusted EBITDA rose to $102 million from $40 million year over year, supported by refining utilization above 98% and strong fertilizer demand. CVR also declared a $0.10-per-share dividend.
• IEP reported a Q2 net loss of $355 million, or $0.52 per unit, compared with a $165 million loss in the prior-year quarter, while Adjusted EBITDA shifted to a $134 million loss from $40 million of positive EBITDA.
• Pharma Adjusted EBITDA declined by $14 million because of lower anti-obesity drug sales amid generic competition and higher pivotal-trial R&D costs; food packaging and home fashions also posted smaller EBITDA declines.

Icahn Enterprises Stock Down 3.5%

Shares of NASDAQ:IEP opened at $7.46 on Thursday. Icahn Enterprises has a 52-week low of $7.08 and a 52-week high of $9.52. The stock has a market cap of $5.01 billion, a P/E ratio of -14.35 and a beta of 0.79. The business’s 50 day moving average is $7.45 and its 200 day moving average is $7.71. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 2.72.

Icahn Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, August 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 26.8%. Icahn Enterprises’s payout ratio is presently -384.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Icahn Enterprises in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Key Headlines Impacting Icahn Enterprises

Here are the key news stories impacting Icahn Enterprises this week:

• Positive Sentiment: IEP completed the sale of Pep Boys for approximately $700 million. Management expects to use part of the proceeds to address 2027 debt maturities, strengthening near-term liquidity and reducing refinancing concerns. IEP anticipates using part of $700M Pep Boys sale proceeds to address 2027 notes maturities
• Positive Sentiment: The company declared a quarterly dividend of $0.50 per share, payable September 23 to shareholders of record August 17. The distribution represents a roughly 26.8% indicated yield, which may support income-focused investor interest.
• Neutral Sentiment: Quarterly revenue was $2.98 billion, well above the approximately $2.04 billion analyst estimate, but revenue strength did not translate into profitability. Icahn Enterprises quarterly earnings report
• Negative Sentiment: IEP reported a second-quarter adjusted EBITDA loss attributable to the company of $134 million, compared with adjusted EBITDA of $40 million a year earlier. Net loss widened to $355 million from $165 million, reflecting weak investment-fund performance and continued operating pressure. Icahn Enterprises second-quarter 2026 financial results
• Negative Sentiment: Reported EPS of negative $0.52 missed the $0.11 consensus estimate by $0.63. Indicative net asset value fell approximately $765 million sequentially to $2.6 billion as of June 30, highlighting portfolio volatility and pressure on the value supporting IEP. Icahn Enterprises Q2 2026 earnings call highlights

Institutional Investors Weigh In On Icahn Enterprises

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in Icahn Enterprises by 30.6% during the 4th quarter. Wells Fargo & Company MN now owns 46,416 shares of the conglomerate’s stock worth $350,000 after acquiring an additional 10,862 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Icahn Enterprises by 6.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,307 shares of the conglomerate’s stock valued at $319,000 after purchasing an additional 2,548 shares in the last quarter. Mariner LLC lifted its position in shares of Icahn Enterprises by 184.5% in the 3rd quarter. Mariner LLC now owns 52,687 shares of the conglomerate’s stock worth $444,000 after purchasing an additional 34,170 shares during the period. Raymond James Financial Inc. raised its stake in Icahn Enterprises by 5.4% in the third quarter. Raymond James Financial Inc. now owns 113,712 shares of the conglomerate’s stock worth $957,000 after buying an additional 5,848 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Icahn Enterprises by 193.3% during the 3rd quarter. Virtu Financial LLC now owns 57,584 shares of the conglomerate’s stock worth $485,000 after purchasing an additional 37,953 shares during the last quarter. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

About Icahn Enterprises

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.

The company reports its activities through five principal business segments.