FX.co ★ Icahn Enterprises L.P. Posts Narrower Loss In Q1

Icahn Enterprises L.P. (IEP) reported a net loss of $38 million, which equates to a $0.09 loss per depositary unit for the first quarter of 2024. When compared to the same period in the previous year, this is an improvement from the net loss of $270 million, or $0.75 loss per each depositary unit.

In terms of revenues, for the quarter ending on March 31, 2024, Icahn Enterprises L.P. garnered $2.5 billion. This reflects a decline compared to revenues of $2.7 billion in the corresponding quarter of the previous year.

Furthermore, on May 6, 2024, Icahn Enterprises' Board of Directors authorized a quarterly distribution of $1.00 per each depositary unit. This distribution is scheduled to be paid around June 25, 2024, to depositary unit holders registered at the close of business on May 20, 2024.