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Icahn Enterprises L.P. Reports Third Quarter 2013 Financial Results

Stocks in this article: IEP

  • Third quarter IEP net income of $472 million, or $4.10 per LP unit, up from $0.75 in the prior year
  • Adjusted EBITDA attributable to Icahn Enterprises of $716 million for Q3 2013, up 43% from prior year
  • Announces Quarterly Dividend of $1.25 per Depositary Unit
  • Indicative net asset value is up 33% for the nine months ended September 30, 2013

NEW YORK, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (Nasdaq:IEP) is reporting revenues of $5.7 billion for the three months ended September 30, 2013 and net income attributable to Icahn Enterprises of $472 million, or $4.10 per LP unit. For the three months ended September 30, 2012, revenues were $4.5 billion and net income attributable to Icahn Enterprises was $84 million, or $0.75 per LP unit. For the third quarter of 2013, Adjusted EBITDA attributable to Icahn Enterprises was $716 million compared to $501 million in the third quarter of 2012. For the third quarter of 2013, Adjusted EBIT attributable to Icahn Enterprises was $596 million compared to $380 million in the third quarter of 2012.

For the nine months ended September 30, 2013, revenues were $15.7 billion and net income attributable to Icahn Enterprises was $803 million, or $7.17 per LP unit. For the nine months ended September 30, 2012, revenues were $11.4 billion and net income attributable to Icahn Enterprises was $390 million, or $3.69 per LP unit. For the nine months ended September 30, 2013, Adjusted EBITDA attributable to Icahn Enterprises was $1.6 billion compared to $1.2 billion for nine months ended September 30, 2012. For the nine months ended September 30, 2013, Adjusted EBIT attributable to Icahn Enterprises was $1.3 billion compared to $912 million for nine months ended September 30, 2012. Icahn Enterprises has received over $1.1 billion of cash distributions from its operating subsidiaries during the first nine months of 2013.

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