Icahn Enterprises L.P. (IEP) Releases Q1 2026 Earnings: Modest Revenue Growth, Ongoing Losses and Cash Decline

By: Quiver EarningsTracker

Posted: 2 days, 17 hours ago / May 6, 2026 9:45 p.m. UTC

IEP

Icahn Enterprises L.P. (IEP) reported first-quarter 2026 results showing modest revenue growth amid continuing losses at both the gross and operating levels.

Revenue: $2.21 billion, up 1.66% year‑over‑year.

Gross profit (loss): -$134 million, down 4,566.67% year‑over‑year.

Operating profit (loss): -$484 million, improved 125.12% year‑over‑year.

Net income attributable to common shareholders: -$459 million, improved 8.77% year‑over‑year.

Diluted earnings per share: -$0.71, down 10.13% year‑over‑year.

Key cash flow and balance sheet highlights:

Cash from operating activities: $397 million, down 318.13% year‑over‑year.

Purchases of property, plant and equipment: -$114 million, down 12.98% year‑over‑year.

Cash and cash equivalents: $3.29 billion, down 32.43% year‑over‑year.

Total liabilities: $10.59 billion, down 9.82% year‑over‑year.

Cost of sales: $2.34 billion, up 7.98% year‑over‑year.

Overall, Icahn Enterprises (IEP) posted slight top‑line growth for Q1 2026 while remaining in negative profitability and showing a notable decline in cash on hand compared with the prior year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

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Icahn Enterprises L.P. Hedge Fund Activity

We have seen 54 institutional investors add shares of Icahn Enterprises L.P. stock to their portfolio, and 54 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ICAHN CARL C added 30,467,595 shares (+5.9%) to their portfolio in Q4 2025, for an estimated $230,030,342
MORGAN STANLEY added 2,971,629 shares (+301.6%) to their portfolio in Q4 2025, for an estimated $22,435,798
LANTERN WEALTH ADVISORS, LLC removed 1,000,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $7,550,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 928,180 shares (+inf%) to their portfolio in Q4 2025, for an estimated $7,007,759
GROUP ONE TRADING LLC added 658,079 shares (+1568.6%) to their portfolio in Q4 2025, for an estimated $4,968,496
JANE STREET GROUP, LLC added 296,018 shares (+529.8%) to their portfolio in Q4 2025, for an estimated $2,234,935
JUMP FINANCIAL, LLC added 179,207 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,353,012

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.