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Icahn Enterprises IEP · USD

Industrials · US listing · 🇺🇸 United States

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4.85

+2.11%

Close of 9 Nov 2026, in USD

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About Icahn Enterprises

From its filings with the US Securities and Exchange Commission

SEC filings

Icahn Enterprises is based in Sunny Isles Beach, Florida and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker IEP. The SEC classifies its business as petroleum refining. In the fiscal year to 31 December 2025, it reported revenue of $9.66bn and a net loss of $299.0m. At that date it held total assets of $14.21bn.

In its own words

Icahn Enterprises owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”). Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), which is indirectly owned and controlled by Mr. Carl C. Icahn, owns a 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings as of December 31, 2025, representing an aggregate 1.99% general partner interest in Icahn Enterprises Holdings and us. Mr. Icahn and his affiliates owned approximately 86% of our outstanding depositary units as of December 31, 2025.

We conduct and plan to continue to conduct our activities in such a manner as not to be deemed an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Therefore, no more than 40% of our total assets can be invested in investment securities, as such term is defined in the Investment Company Act. In addition, we do not invest or intend to invest in securities as our primary business. We structure and intend to continue structuring our investments to be taxed as a partnership rather than as a corporation under the applicable publicly traded partnership rules of the Internal Revenue Code, as amended.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Industrials
Industry
Industrial Conglomerates
Listed since
23 Jul 1987
Employees
15,000
Website
ielp.com ↗
Head office
16690 COLLINS AVE,, SUNNY ISLES BEACH, FL, 33160
Incorporated in
DE
Classification
Petroleum Refining
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Carl IcahnChairman of the Board, since 1990$28,237
  • Mr. Andrew TenoPresident, Chief Executive Officer, Director, since 2024$2.4m
  • Mr. Ted PapapostolouChief Financial Officer, Company Secretary, Director, since 2020$2.5m
  • Mr. Robert FlintChief Accounting Officer
  • Mr. Brett IcahnDirector
  • Ms. Denise BartonIndependent Director$35,000
  • Ms. Nancy DunlapIndependent Director$35,000
  • Mr. Alvin KrongardIndependent Director$35,000
  • Mr. Stephen MongilloIndependent Director$40,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
5
Environment
2
Social
10
Governance
4
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Icahn Enterprises LP has several strengths that contribute to its success in the market. Firstly, it benefits from the strong leadership and expertise of its chairman, Carl Icahn, a renowned activist investor. This provides the company with valuable strategic guidance and an influential network of connections. Secondly, Icahn Enterprises LP has a diversified portfolio of investments across various industries, reducing its dependency on any single sector. This diversification strategy helps the company to mitigate risks and sustain profitability in different market conditions. Finally, the company has a strong financial position, with significant cash reserves and access to capital, enabling it to seize lucrative investment opportunities.

Weaknesses

  • Despite its strengths, Icahn Enterprises LP also faces some weaknesses that pose challenges to its operations. One weakness is the company's heavy reliance on the performance of its key investment holdings. Fluctuations in the market value of these holdings can significantly impact Icahn Enterprises LP's financial results. Additionally, as a publicly-traded partnership, the company may face limitations in terms of raising capital and attracting investors compared to traditional corporations. Furthermore, the company's vast array of different investments across industries may make it challenging to effectively manage and optimize each holding for maximum returns.

Opportunities

  • Icahn Enterprises LP can capitalize on several opportunities to further enhance its market position. Firstly, the company can explore potential acquisitions or partnerships to expand its investment portfolio and diversify its holdings further. This could help facilitate entrance into new industries or markets and provide additional revenue streams. Secondly, the growing trend of sustainable and socially responsible investing presents an opportunity for Icahn Enterprises LP to align its investment strategy with environmental, social, and governance (ESG) criteria. By incorporating ESG considerations into its decision-making process, the company can appeal to a wider range of investors and potentially generate long-term value. Thirdly, Icahn Enterprises LP can leverage advancements in technology and data analytics to gain a competitive edge in identifying investment opportunities and optimizing portfolio performance.

Threats

  • Icahn Enterprises LP faces certain threats that could impede its progress and profitability. Market volatility and economic uncertainties can adversely impact the value of its investment holdings, leading to potential losses. Moreover, increased regulatory scrutiny and changes in tax policies can introduce additional complexities and costs to the company's operations. Additionally, intense competition within the investment industry poses a threat as it may limit the availability of attractive investment options and erode potential returns. Finally, geopolitical events, such as trade disputes or geopolitical tensions, can create instability in the global markets, affecting the company's investments across different regions and sectors.

Sources and methodology

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