IEP Earnings Prediction
The chart below shows how IEP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IEP sees a +6.92% change in stock price 10 days leading up to the earnings, and a -4.43% change 10 days following the report. On the earnings day itself, the stock moves by -2.31%. This data can give you a slight idea of what to expect for the next quarter's release.
IEP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.40B
-4.83%
-9.96%
Gross Margin
8.28%
43.25%
-50.54%
Operating Margin
--
--
--
Net Margin
-4.58%
-43.60%
-252.67%
EPS
-0.19
-38.71%
-480.00%
No Data Available
IEP Earnings Analysis
Icahn Enterprises LP Corporation (IEP.O) Earnings Conference Call
Positive
NAV Decrease and Crack Spread Improvement: NAV decreased $223 million from the third quarter of 2024, but recent improvements in crack spreads are promising for CVI.
Proactive Investment Strategy: Successful tender offer for 878,000 shares indicates a proactive investment strategy.
Real Estate Segment Growth: Real estate segment increased $292 million due to property sales and fair value adjustments.
Quarterly Distribution Stability: The Board maintained the quarterly distribution at $0.50 per depositary unit, reflecting stability in returns to investors.
Strong Financial Position: Significant cash reserves of $1.4 billion at the holding company and $915 million at the funds provide a strong financial position for future investments.
Value Creation Potential: Positive outlook for SWX and AEP with potential for value creation and improved regulatory outcomes.
Strong Investment Potential: Caesars is viewed as a strong investment with a great management team and significant real estate value, alongside a growing digital business.
Value Potential Assessment: Bausch shows considerable value potential, indicating a diversified investment strategy across sectors.
Negative
NAV Decline Analysis: NAV decreased by $223 million from the third quarter of 2024, primarily due to the decline in CVR Energy and an agreement to sell certain properties in the real estate segment.
CVI Decline Analysis: CVI declined by $286 million in the quarter, attributed to weakened crack spreads and a large turnaround that led to a dividend cut.
Energy Segment EBITDA Decline: Energy segment EBITDA dropped to $99 million for Q4 '24, down from $204 million in Q4 '23, driven by reduced throughput and lower crack spreads.
Refining Margin Decline: Q4 '24 refining margin per throughput barrel was $8.37 compared to $15.01 in the prior-year quarter, indicating a significant decline in profitability.
Automotive Segment Challenges: The automotive segment continues to lag behind prior-year results due to self-inflicted wounds, with management anticipating normalization only by the second half of 2025.
EBITDA Decline in Real Estate: Real estate Q4 '24 adjusted EBITDA decreased by $5 million compared to the prior-year quarter, driven by reduced sales of single-family homes.
EBITDA Decline in Food Packaging: Food packaging's adjusted EBITDA attributable to IEP decreased by $6 million for Q4 '24 due to a shift in product mix and lower pricing, despite increased volumes.
IEP FAQs
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IEP Earning Call Sentiment
Icahn Enterprises (IEP) Q4 2024 Earnings Call Transcript
IEP.O
-2.24%Positive
The overall sentiment is negative due to several factors: a significant decline in energy segment EBITDA and refining margins, a decrease in NAV, and competitive pressures in the automotive segment. Additionally, unclear responses in the Q&A session and a dividend cut further contribute to the negative outlook. While there are some positives, such as potential regulatory resolutions and a tender offer, these are outweighed by the negative financial performance and market conditions.
