Icahn Enterprises L.P. — Third Quarter 2026 Earnings Summary

Icahn Enterprises L.P. reported a net loss of $225 million for the third quarter of 2026, a significant decline from the $287 million net income recorded in the same period of 2025. The quarterly results were negatively impacted by $522 million in losses on refining hedges within the Investment Funds, though these losses were partially offset by a $1.7 billion increase in the value of the company's long position in CVR Energy. As of September 30, 2026, the company's indicative net asset value rose to approximately $3.5 billion, up $865 million from the previous quarter. Additionally, the Board of Directors declared a quarterly distribution of $0.50 per depositary unit, marking the 86th consecutive quarterly distribution since 2005.