logo
  

Icahn Enterprises Q3 Loss Sharply Narrows - Quick Facts

Icahn Enterprises L.P. (IEP) reported Tuesday a net loss attributable to limited partners for the third quarter of $145 million or $0.55 per depositary unit, sharply narrower than $700 million or $3.14 per depositary unit in the prior-year quarter.

Revenues for the quarter soared to $2.65 billion from $723 million in the same quarter last year.

On Monday, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit, payable on or about December 22, 2021 to depositary unitholders of record at the close of business on November 16, 2021.

The company said depositary unitholders will have until December 10, 2021 to make a timely election to receive either cash or additional depositary units.

As of September 30, 2021, our estimate of indicative net asset value was $5.4 billion, compared to $3.6 billion as of December 31, 2020, an increase of $1.8 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ride-hailing company Lyft announced its foray into the media and advertisement business with the launch of Lyft Media as part of its vision to build the world's largest transportation media network. Lyft Media has built a suite of new products to allow advertisers to engage with Lyft's growing audience throughout their transportation journeys. Sysco Corp. (SYY) Tuesday reported a more than a three-times surge in fourth-quarter earnings, supported by 17.5 percent growth in sales. The company projects fiscal 2023 adjusted earnings to grow. Earnings for the quarter spiked to $509.99 million from $151.09 million last year. On a per share basis,... Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22.
Follow RTT