Ultime notizie per Icahn Enterprises (NASDAQ:IEP) Azioni

Icahn Enterprises

Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.

Depositary Units Repr Units of LP Interests

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests

Icahn Enterprises LP

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Shares of companies within the broader industrial sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Directors Join Board after Agreement with Icahn Enterprises
Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) ("Caesars") today announced the addition of two new independent directors to its Board of Directors. Jesse Lynn, General Counsel of Icahn Enterprises, and Ted Papapostolou, Chief Financial Officer of Icahn Enterprises, will join the Caesars Board effective immediately, subject to customary regulatory approvals.

News

Management

Caesars Entertainment Announces The Addition Of 2 New Independent Directors To Its Board Of Directors; Jesse Lynn, General Counsel, And Ted Papapostolou, CFO Of Icahn Enterprises, Will Join The Caesars Board Effective Immediately

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Shares of companies within the broader industrial sector are trading higher amid an overall market rebound.

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CEA INDUSTRIES INC by CEA Industries Inc.

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Shares of companies within the broader industrial sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

Icahn Enterprises L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) stock is <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday</a>. The company reported a fourth-quarter earnings loss of 19 cents per share, against the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43970499/icahn-enterprises-l-p-nasdaq-iep-today-announced-its-fourth-quarter-2024-financial-results" rel="noreferrer noopener">street view of 18 cents profit.</a> Quarterly sales of $2.558 billion, down 5.1% year over year, beat the $2.27 billion estimate.
Under the Petroleum segment, the firm <a target="_blank" href="https://www.ielp.com/static-files/e95d288e-7bce-4017-88e4-46deb484d4dd" rel="noreferrer noopener">processed</a> approximately 214,000 barrels per day of total throughput in the quarter.
Total vegetable oil throughput was approximately 187,000 gallons per day under the Renewables segment. Renewable margin for the quarter under review was $0.79 per vegetable oil throughput gallon, compared to a loss of $0.90 in the year-ago period.
Adjusted EBITDA was&nbsp;$12 million&nbsp;for the three months ended&nbsp;December 31, compared to an Adjusted EBITDA of&nbsp;$9 million in the year-ago period.
The company said that the funds had a net long notional exposure of 22% and posted a negative return of 1.6% as of the end of the quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43980584/united-parks-q4-earnings-miss-estimates-as-unusually-poor-weather-impacts-results" rel="noreferrer noopener">United Parks Q4 Earnings Miss Estimates As &#8216;Unusually Poor&#8217; Weather Impacts Results</a>
The indicative net asset value decreased by $223 million at the end of the quarter under review, compared to September 30, 2024. This drop was mainly due to a $286 million decline in CVR Energy, a $71 million third-quarter distribution to depositary unit holders, and a $57 million decline in Viskase. However, the decrease was partially offset by a $292 million increase in the value of the Real Estate segment.
The company exited the quarter with cash and equivalents worth $2.603 billion.
Quarterly adjusted EBITDA attributable to the company for all other segments was $14 million compared to $22 million in the year-ago period.
Debt decreased to $6.809 billion from $7.207 billion in the year-ago period.
Price Action: At the last check on Wednesday, IEP shares were trading lower by 2.63% to $9.99.
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/25/02/43972061/nvidia-stock-stumbles-into-q4-earnings-can-it-defy-nvda-bears" target="_blank" rel="noreferrer noopener">Nvidia Stock Stumbles Into Q4 Earnings: Can It Defy NVDA Bears?</a></li>
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Photo via Shutterstock

Earnings

Equities

Guidance

Markets

Movers

Trading Ideas

General

Why Is Icahn Enterprises Stock Falling On Wednesday?

Icahn Enterprises Q4 2024 GAAP EPS $(0.19) May Not Compare To $0.18 Estimate, Sales $2.60B Beat $2.27B Estimate

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Core Scientific, Inc. - Class A Common Stock

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Earnings Scheduled For February 26, 2025

Icahn Enterprises shares are trading higher after Hindenburg Research, which previously issued a short report on the stock, announced it will close down.

Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research, as announced by its founder Nathan Anderson in a farewell <a href="https://hindenburgresearch.com/gratitude/">note</a> on Wednesday.
What Happened: Around ten listed companies owned by the Indian billionaire Gautam Adani, rose intraday on the Indian exchanges, led by the media company, New Delhi Television Ltd.
While NDTV rose over 13%, Indian cement companies like Ambuja Cements Ltd., and Sanghi Industries Ltd. rose 3.6% and 3.25%, respectively. Adani Green Energy Ltd. was up by 3.47%, whereas Adani Ports &amp; SEZ Ltd. advanced by 2.44%.
The ten listed stocks under the conglomerate experienced significant growth as of Thursday morning, adding $5.9 billion or Rs 51,100.62 crore to investor wealth. This surge resulted in a combined market capitalization of $14.791 billion or Rs 12.79 lakh crore for these stocks, as reported by NDTV Profit.
<figure class="wp-block-table is-style-stripes"> 
<table>
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<td>Stocks</td>
<td>Performance </td>
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<td>Adani Enterprises</td>
<td>2.40%</td>
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<td>Adani Power</td>
<td>2.04%</td>
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<td>Adani Green Energy</td>
<td>3.47%</td>
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<td>Adani Total Gas</td>
<td>2.02%</td>
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<td>Adani Ports &amp; SEZ</td>
<td>2.44%</td>
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<td>Adani Energy Solutions</td>
<td>1.06%</td>
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<td>ACC</td>
<td>1.47%</td>
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<td>Ambuja Cements</td>
<td>3.60%</td>
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<td>Sanghi Industries</td>
<td>3.25%</td>
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<td>NDTV</td>
<td>13.14%</td>
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<figcaption class="wp-element-caption">(As Of 13:06 IST or 02:36 ET)</figcaption></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow </a>
Why It Matters: Hindenburg had launched a scathing report on Adani in 2023, which wiped more than $100 billion in market value of the group&#8217;s companies and eventually led to U.S. prosecutors indicting founder Adani for alleged fraud.
The short seller first gained widespread attention in 2020 when it published a report exposing fraud at electric vehicle maker Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>). This exposé ultimately resulted in a four-year prison sentence for Nikola founder Trevor Milton on fraud charges.
The activist hedge fund&#8217;s recent targets included Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>). Their final report accused Carvana Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) of accounting irregularities, which the company denied.
Hindenburg&#8217;s shutdown follows a trend of prominent short-sellers like Jim Chanos retiring. Founder Anderson plans to document Hindenburg&#8217;s methods, hoping to inspire future market watchdogs.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43021065/cash-app-parent-block-inc-eyes-395-upside-bofa-believes-us-centric-re-acceleration-story-will-drive-the-stock">Jack Dorsey&#8217;s Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock</a></li>
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Photo courtesy: Wikimedia

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India's Second Richest Man's Conglomerate, Rattled By Hindenburg Research's Damning Report In 2023, Adds Over $5.9 Billion After Short Seller Shuts Shop

Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>), <a href="https://www.benzinga.com/news/management/25/01/43017547/hindenburg-research-is-closing-up-shop-we-shook-some-empires-that-we-felt-needed-shaking">announced its closure Wednesday</a> after a seven-year run that reshaped modern activist investing.
What Happened: Founder Nathan Anderson, who started Hindenburg in 2017, cited personal reasons for disbanding the 11-person firm, marking the end of an era that saw the boutique research shop take on corporate giants and billionaires worldwide.
The firm&#8217;s investigations led to nearly 100 civil and criminal charges against various executives and companies, according to Anderson&#8217;s farewell <a href="https://hindenburgresearch.com/gratitude/">note</a>. One of its most impactful reports targeted India&#8217;s Adani Group in 2023, wiping more than $100 billion in market value and eventually leading to U.S. prosecutors indicting founder Gautam Adani for alleged fraud.
Hindenburg&#8217;s methodical approach to exposing corporate misconduct first gained prominence in 2020 with its report on electric vehicle maker Nikola. The investigation revealed that the company had staged a video of its electric truck rolling downhill to appear self-powered, ultimately leading to founder Trevor Milton&#8216;s four-year prison sentence for fraud.
See Also: <a href="https://www.benzinga.com/news/global/25/01/43013312/defense-stocks-fall-on-gaza-ceasefire-while-broader-market-rallies-whats-going-on">Defense Stocks Fall On Gaza Ceasefire While Broader Market Rallies: What&#8217;s Going On?</a>
Why It Matters: The firm&#8217;s departure follows a broader trend of high-profile <a href="https://www.benzinga.com/topic/jim-chanos">short-sellers stepping back</a>, including Jim Chanos, known for exposing Enron&#8216;s fraud, who closed his hedge fund in 2023. Unlike traditional investment firms, Hindenburg managed only its own capital while publishing detailed research that often triggered regulatory investigations and market selloffs.
Recent targets included Carl Icahn&#8216;s Icahn Enterprises LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), led by Twitter co-founder Jack Dorsey. In its final report on Jan. 2, the firm accused Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) of accounting irregularities, though the company denied these allegations.
Anderson plans to spend the next six months documenting Hindenburg&#8217;s investigative methods, potentially enabling a new generation of market watchdogs. &#8220;My hope is that someone embraces the same passion, learns the craft, and finds the confidence to shed light on subjects that need it,&#8221; he wrote.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43013717/fed-beige-book-flags-moderate-growth-yet-tariffs-immigration-policies-spark-concerns">Fed Beige Book Flags Moderate Growth, Yet Tariffs, Immigration Policies Spark Concerns</a></li>
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Photo courtesy: Hindenburg Research
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow

Short-seller Hindenburg Research on Wednesday announced plans to disband the <a href="https://www.benzinga.com/topic/hindenburg-research">New York-based investment firm</a>.
&#8220;The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,&#8221; Hindenburg founder Nate Anderson said in a blog <a href="https://hindenburgresearch.com/gratitude/">post</a>.
What To Know: Anderson founded Hindenburg Research in 2017. The first half of the letter published on Hindenburg&#8217;s site is a reflection on the success of the company and how it came to be. 
&#8220;Nearly 100 individuals have been charged civilly or criminally by regulators at least in part through our work, including billionaires and oligarchs. We shook some empires that we felt needed shaking,&#8221; Anderson said.
See Also: <a href="https://www.benzinga.com/25/01/43013717/fed-beige-book-flags-moderate-growth-yet-tariffs-immigration-policies-spark-concerns">Fed Beige Book Flags Moderate Growth, Yet Tariffs, Immigration Policies Spark Concerns</a>
About halfway through, Anderson addresses the disbandment, but he said there is no particular reason why. Anderson noted that he felt like he had some things to prove to himself early on, but that he has &#8220;finally found some comfort&#8221; with himself. Anderson also suggested his professional life has taken a toll on his well-being, adding that the &#8220;intensity and focus&#8221; required for the role has come at a cost.
&#8220;Someone once told me that at a certain point a successful career becomes a selfish act,&#8221; he said. 
Anderson said his immediate focus is on finding opportunities for members of the Hindenburg team. Some will be starting their own research firms, while others are seeking different opportunities. 
Anderson also noted he plans to spend the next six months or so working on putting together materials to open-source Hindenburg&#8217;s research model and share how the firm conducted its research so that others may be inspired to do the same.
Hindenburg was the short-selling firm behind some major sell-offs in recent years including <a href="https://www.benzinga.com/short-sellers/23/03/31474945/short-seller-that-sunk-second-richest-man-has-new-target-and-jack-dorsey-is-in-the-crosshairs">Adani Group</a> and Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>). Hindenburg has also targeted big names like Icahn Enterprises L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>), Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) and most recently, Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42769626/hindenburg-shorts-carvana-stock-claims-used-car-retailers-turnaround-is-a-mirage">Hindenburg Shorts Carvana Stock, Claims Used Car Retailer&#8217;s Turnaround Is A &#8216;Mirage&#8217;</a></li>
</ul>
Photo: Courtesy of Hindenburg Research.

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Hindenburg Research Is Closing Up Shop: 'We Shook Some Empires That We Felt Needed Shaking'

<a href="https://hindenburgresearch.com/gratitude/" title="https://hindenburgresearch.com/gratitude/">https://hindenburgresearch.com/gratitude/</a>

Hindenburg Research Founder Nate Anderson Said He Has Made The Decision To Disband The Firm

Offerings

Icahn Enterprises And Icahn Enterprises Holding Commence Tender Offer For Up To 17,753,322 Shares Of Common Stock Of CVR Energy At $18.25/Share

Icahn Enterprises Prices Offering Of $500M Of 10.000% Senior Secured Notes Due 2029 In Private Placement

Icahn Enterprises L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) shares <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">are trading lower on Friday.</a>
The company reported third-quarter earnings per unit of 5 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41839874/icahn-enterprises-l-p-nasdaq-iep-today-announced-its-third-quarter-2024-financial-results" rel="noreferrer noopener">missing the street view of 21 cents</a>. Quarterly sales of $2.22 billion missed the analyst consensus estimate of $2.32 billion.
As of&nbsp;October 31, the firm had approximately&nbsp;$2.3 billion&nbsp;between cash and equivalents at the holding company and the investment funds.&nbsp;
In the third quarter, net income attributable to IEP was $22 million, which is an improvement of $28 million compared to the same quarter last year. Adjusted EBITDA for the third quarter was $183 million, down from $243 million in the prior year&#8217;s quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report" rel="noreferrer noopener">Taiwan Semiconductor US Expansion Plans Unfazed by Trump Win: Report</a>
IEP has proposed that its subsidiary, IEH, initiate a tender offer to buy up to 15 million additional shares of CVR Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) common stock at $17.50 per share.
This offer price represents a 6% premium over CVR Energy&#8217;s closing price on November 7, 2024, and a 5% premium over the average price of CVR Energy stock over the last 7 trading days.
IEP said CVR Energy&#8217;s shares are undervalued and sees this as a good investment opportunity. IEP currently beneficially owns, directly and indirectly, 66.3% of the outstanding shares of CVR Energy&#8217;s common stock. If the proposed tender offer were to be fully or over-subscribed, IEP would beneficially own 81.3% of CVR Energy&#8217;s common stock.
As of September 30, Icahn Enterprises&#8217; indicative net asset value decreased by $423 million compared to June 30. This drop was mainly due to a $249 million decline in CVR, a $193 million decrease in Automotive Services, and a $113 million distribution to unitholders, despite a $192 million gain in the investment funds.
Reduces Distribution: On&nbsp;November 6, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of&nbsp;$0.50&nbsp;per depositary unit, which will be paid on or about&nbsp;December 26. The company&nbsp;decreased the quarterly distribution from&nbsp;$1.00&nbsp;per depositary unit.&nbsp;
Price Action: IEP shares are trading lower by 7.10% to $11.98 at last check Friday.
Image from Shutterstock
Also Read:
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<li><a href="https://www.benzinga.com/news/24/11/41819699/roblox-tightens-safety-bans-preteens-from-virtual-social-spaces" target="_blank" rel="noreferrer noopener">Roblox Tightens Safety, Bans Preteens from Virtual Social Spaces</a></li>
</ul>

Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy

Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.21 by 76.19 percent. This is a 600 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $2.22 billion which missed the analyst consensus estimate of $2.32 billion by 4.14 percent. This is a 25.69 percent decrease over sales of $2.99 billion the same period last year.

Earnings Misses

Icahn Enterprises Q3 2024 GAAP EPS $0.05 Misses $0.21 Estimate, Sales $2.22B Miss $2.32B Estimate

Icahn Enterprises Q3 2024 Sales $2.22B Miss $2.32B Estimate

Icahn Enterprises shares are trading lower after the company reported Q3 earnings and decreased its quarterly distribution.

Dividends

Icahn Enterprises Reveals Decision To Decrease Quarterly Distribution From $1.00 To $0.50 Per Depositary Unit

Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.21 by 76.19 percent. This is a 600 percent increase over losses of $(0.01) per share from the same period last year.

Icahn Enterprises Q3 2024 GAAP EPS $0.05 Misses $0.21 Estimate

Press Releases

Icahn Enterprises L.P. announces proposed tender offer to acquire additional shares of CVR Energy common stock

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2024 Financial Results

Icahn Enterprises L.P. Intends to Offer New Senior Notes

Icahn Enterprises L.P. Announces Pricing of Senior Notes

Commodities

ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P. ANNOUNCE COMMENCEMENT OF TENDER OFFER FOR UP TO 17,753,322 SHARES OF COMMON STOCK OF CVR ENERGY

ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P. ANNOUNCE EXTENSION OF TENDER OFFER FOR UP TO 17,753,322 SHARES OF COMMON STOCK OF CVR ENERGY

ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P. ANNOUNCE RESULTS OF TENDER OFFER FOR UP TO 17,753,322 SHARES OF COMMON STOCK OF CVR ENERGY

Icahn Enterprises L.P. Announces Q4 2024 Earnings Conference Call

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter 2024 Financial Results

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