# Icahn Enterprises L.P. (IEP)

> Source: Nexqual · https://nexqual.com/IEP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Icahn Enterprises L.P. (IEP), nexqual.com/IEP" · informational, not investment advice.

**Price:** USD 6.13 (-0.33% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 6.15 · day 6.04–6.18 · 52w 6.04–9.32 · market cap $4.36B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $10.6B, net income -$526M (-5.0% margin), free cash flow -$244M (SEC filings).
- 1 of 80 tracked superinvestors hold IEP (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -3.4% vs S&P 500 +14.9%; 5Y -70.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.3B | $14.2B | $10.9B | $10.0B | $9.66B | $10.6B |
| Net income | -$518M | -$183M | -$684M | -$445M | -$299M | -$526M |
| Free cash flow | $16.0M | $717M | $3.43B | $552M | -$654M | -$244M |
| Net margin | -4.6% | -1.3% | -6.3% | -4.4% | -3.1% | -5.0% |
| Revenue growth | +85.2% | +25.2% | -23.0% | -8.4% | -3.6% | — |
| Cash + short-term investments | $2.32B | $2.34B | $2.95B | $2.60B | $1.45B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.4x · FCF yield -5.60% · Earnings yield -12.07%

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold IEP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Carl Icahn | Icahn Capital Management | 53.95% | $4.46B | Added +12.6% |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -3.4% | -70.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -3.4% | -21.7% |
| Volatility (annualized) | 24.5% | 42.6% |
| Max drawdown | -16.3% (May 2026→Oct 2026) | -76.4% (Apr 2023→Apr 2025) |

## Peers (Oil & Gas Refining & Marketing)
DK (Delek US Holdings, Inc.) USD 75.79 -3.11% · PARR (Par Pacific Holdings, Inc. Comm) USD 80.18 -5.34% · DKL (Delek Logistics Partners, L.P.) USD 56.91 +0.25% · CVI (CVR Energy Inc.) USD 58.63 -3.46% · UGP (Ultrapar Participacoes S.A. (Ne) USD 7.8 -2.13% · PBF (PBF Energy Inc.) USD 79.25 -2.81%

## More
Full page: https://nexqual.com/IEP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name IEP in their own reports (relationship from IEP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | CVR ENERGY INC (CVI) | 10-K 2026-02-18 | "As previously disclosed, Icahn Enterprises L.P. and its affiliates ("IEP") and the Company are considering potential strategic transactions available to the Company and our subsidiaries and affiliates…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Energy | $2.74B | 92.0% | +55.5% |
| Automotive | $341.0M | 11.5% | -3.9% |
| Food Packaging | $90.0M | 3.0% | -7.2% |
| Home Fashion | $38.0M | 1.3% | -9.5% |
| Real Estate | $27.0M | 0.9% | -59.7% |
| Pharma | $17.0M | 0.6% | -50.0% |
| Holding Company | $7.0M | 0.2% | -61.1% |
| Total revenue | $2.98B | 100% | — |
The lines above cover 109.5% of total revenue.

## Company outlook (8-K filed 2026-08-05)

- "In July 2026, IAG entered into a stock purchase agreement to sell Pep Boys – Manny Moe & Jack Holding Corp. for $700 million subject to customary closing conditions and the transaction is expected to close in the coming months."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-06-30) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |