Why Icahn Enterprises Stock Is Moving Higher Today

Icahn Enterprises (NASDAQ:IEP) shares climbed after the company posted a quarterly revenue beat and a sharp improvement in profitability.

Investors also weighed the firm's updated net asset value disclosure and a fresh quarterly distribution announcement.

Quarterly Metrics

The company reported fourth-quarter sales of $2.17 billion, beating the analyst consensus estimate of $2.15 billion.

Icahn Enterprises reported fourth-quarter adjusted EBITDA of $281 million, compared with adjusted EBITDA of $16 million in the year-ago period.

The firm reported fourth-quarter net income attributable to IEP of $1 million, compared with a net loss of $98 million in the prior-year period.

Icahn Enterprises said the indicative net asset value was about $3.2 billion as of December 31, 2025, down $654 million from September 30, 2025.

The decline was driven mainly by a $778 million drop in its long position in CVI and $75 million in holding-company net interest expense.

That was partly offset by $261 million of positive performance from the funds.

The firm exited the quarter with cash and equivalents worth $1.450 billion. Inventories totaled $845 million.

Dividend

On February 23, 2026, the firm declared a quarterly distribution of 50 cents per depositary unit, payable on or about April 15, 2026, to depositary unitholders of record at the close of business on March 9, 2026. 

IEP Price Action: Icahn Enterprises shares were up 3.04% at $7.96 at the time of publication on Wednesday.

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