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Icahn Enterprises L.P. Reports Second Quarter 2013 Financial Results And Announces Increased Quarterly Dividend Of $1.25 Per Depositary Unit

NEW YORK, Aug. 7, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (Nasdaq:IEP) is reporting revenues of $9.9 billion for the six months ended June 30, 2013 and net income attributable to Icahn Enterprises of $331 million, or $2.99 per LP unit. For the six months ended June 30, 2012, revenues were $6.9 billion and net income attributable to Icahn Enterprises was $306 million, or $2.93 per LP unit. For the six months ended June 30, 2013, Adjusted EBITDA attributable to Icahn Enterprises was $899 million compared to $722 million for six months ended June 30, 2012. For the six months ended June 30, 2013, Adjusted EBIT attributable to Icahn Enterprises was $675 million compared to $539 million for six months ended June 30, 2012. Icahn Enterprises has received over $1.0 billion of cash distributions from its operating subsidiaries during the first six months of 2013.

For the three months ended June 30, 2013, revenues were $4.6 billion and net income attributable to Icahn Enterprises of $54 million, or $0.48 per LP unit. For the three months ended June 30, 2012, revenues were $4.2 billion and net income attributable to Icahn Enterprises was $257 million, or $2.37 per LP unit. For the second quarter of 2013, Adjusted EBITDA attributable to Icahn Enterprises was $277 million compared to $506 million in the second quarter of 2012. For the second quarter of 2013, Adjusted EBIT attributable to Icahn Enterprises was $164 million compared to $401 million in the second quarter of 2012.

Mr. Icahn stated, "I am happy to report that for the six months ended June 30, 2013, our Net Asset Value per unit was up from $57 to $64, an increase of 12%. I am also happy to state, that in July, our Net Asset Value per unit was up another $7 to $71 per unit, an increase of 11% for the month, equating to an increase year to date in Net Asset Value of 25%. The increase in July was driven by strong performance from our Investment and Automotive segments."

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