Icahn Enterprises L.P. Stock News

Icahn Enterprises (IEP) stock price suffered a harsh reversal this week after the company suffered a major setback. It has crashed by over 15% this week, erasing some of the gains made earlier this month.

CVR Energy, Inc.'s refining margins plummeted, causing a 96% drop in free cash flow and a 90% decline in adjusted EBITDA. The dividend suspension could be seen a mile away. Icahn Enterprises L.P.'s reliance on CVI's dividends, critically impacts its cash flow, making future distributions uncertain.

Icahn Enterprises LP's stock fell 4% early Tuesday, after CVR Energy Inc., in which it owns a 66% stake, said it would suspend its third-quarter dividend, as unplanned outages and a weak macro environment pressured earnings.

SUNNY ISLES BEACH, Fla. , Oct. 25, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

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Icahn Enterprises shares surged after a lawsuit was dismissed, reducing a significant risk for the company. Despite the positive legal outcome, Icahn Enterprises' financial performance remains weak, with ongoing net losses and substantial dilution from dividend payouts. The company's net asset value per share has declined significantly, raising concerns about the sustainability of its high divi...

There's nothing like the dismissal of a lawsuit to juice a share price. The suit was based on a research report published by a short-seller.

Activist shareholder and billionaire Carl Icahn was taking somewhat of a victory lap Monday, after a judge dismissed a proposed class-action lawsuit against his company, finding it did not make material misrepresentations or omissions as alleged in a report by short seller Hindenburg Research.