Icahn Enterprises L.p (IEP) Q2 2017 10-Q Quarterly Earnings

Short answer

Icahn Enterprises L.p (IEP) filed its Q2 2017 10-Q quarterly report on Aug 8, 2017 for the quarter ended Jun 30, 2017.

AI summary of MD&A and risk factor updates

Revenue $6.654B, up $2.304B YoY from $4.350B
Investment strongest turnaround: net income $273M vs $351M loss, fund returns 4.3% vs (6.0)%
Energy margin 1% vs 8% YoY, worst segment pressure from lower refining margins and higher RINs expense
Cash $653M, ARL sale generated $1.3B, with $1.0B invested in Investment Funds
Outlook headwinds: competitive railcar market, foreign exchange, volatile RIN costs and uncertain investment-market conditions

Newly added legal risk: Federal-Mogul appraisal petitions filed March 3 and May 1, 2017 over the January 23 merger
Most material regulatory risk: FRA tank-car directive, $14 million accrued with additional compliance costs unestimable
Near-term market risk: CVR Refining RIN expense $106 million in Q2 2017 versus $51 million
Financial risk: $11.3 billion long-term debt fair value, with senior notes due 2022 and 2024
Concentration risk: Mr. Icahn and affiliates owned approximately 90.6% of outstanding depositary units

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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