Icahn Enterprises L.P. (IEP) reported third quarter net income of $22 million, or $0.05 per depositary unit compared to a net loss of $6 million, or a loss of $0.01 per depositary unit, prior year. Adjusted EBITDA was $183 million compared to $243 million, last year. For the three months ended September 30, 2024, revenues were $2.8 billion compared to $3.0 billion, a year ago.
Separately, Icahn Enterprises L.P. announced that it has delivered a proposal to the board of directors of CVR Energy, Inc. to acquire additional shares of CVR common stock in a tender offer. IEP proposed that Icahn Enterprises Holdings L.P. would commence a tender offer to acquire up to 15 million additional shares of common stock, par value $0.01, of CVR, for a purchase price of $17.50 per share.
IEP currently beneficially owns, directly and indirectly, 66.3% of the outstanding shares of CVR common stock and, if the proposed tender offer were to be fully or over-subscribed, IEP would beneficially own, directly and indirectly, 81.3%, of the outstanding shares of CVR common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.