Icahn Enterprises LP (NAS:IEP)

Q3 2025 Icahn Enterprises LP Earnings Call Transcript

Nov 5, 2025 / 03:00 PM GMT

Release Date Price: $8.83 (+8.88%)

Transcript 10-Q8-K

Key Points

Positve

Icahn Enterprises LP (IEP) reported a significant increase in net asset value (NAV) by $567 million for the third quarter.
The energy segment showed a strong performance with consolidated EBITDA of $625 million, a substantial improvement from a loss of $35 million in the previous year.
The automotive segment experienced a revenue increase of $11 million compared to the prior year, with same-store sales rising by 6%.
The company successfully removed a $488 million liability from the CVI balance sheet due to the resolution of small refinery exemptions.
Icahn Enterprises LP (IEP) maintains strong liquidity with $3.4 billion in cash and investments at the holding company level.

Negative

The real estate segment saw a decrease in adjusted EBITDA by $12 million compared to the prior year, primarily due to the sale of a country club.
Food packaging adjusted EBITDA decreased by $8 million due to lower volume and manufacturing inefficiencies.
Home fashion adjusted EBITDA fell by $4 million, attributed to softening demand in the US retail and hospitality sectors.
Pharma's adjusted EBITDA decreased by $7 million, impacted by reduced sales from generic competition in the anti-obesity market.
The restructuring plan in the food packaging segment is expected to continue affecting results until its completion in Q2 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IEP.OQ - Icahn Enterprises LP
Q3 2025 Icahn Enterprises LP Earnings Call
Nov 05, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the ICANN Enterprises LP 3rd quarter 2025 earnings call with Andrew Tino, President and CEO Ted Papapostolo, Chief Financial Officer, and Robert Flint, Chief Accounting Officer. I would now like to hand the call over to Robert Flint, who will read the opening statement.

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Unidentified_2 [2]
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Thank you operator.

The Private Securities Litigation Reform Act of 1,995 provides a safe harbor for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our

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