Icahn Enterprises L.p (IEP) Q3 2018 10-Q Quarterly Earnings

Short answer

Icahn Enterprises L.p (IEP) filed its Q3 2018 10-Q quarterly report on Nov 8, 2018 for the quarter ended Sep 30, 2018.

AI summary of MD&A and risk factor updates

Revenue $2.685B, down $819M YoY from $3.504B, reflecting Investment losses and asset dispositions
Energy best segment: revenue $1.935B, up $481M, gross margin 10% vs 7% YoY
Automotive revenue $35M higher YoY, gross margin 33% vs 28%; Railcar manufacturing margin negative vs 4%
Holding Company cash $97M, debt approximately $5.5B; nine-month operating cash flow $(525)M consolidated
Federal-Mogul and Tropicana sales generated approximately $2.3B cash proceeds; ARI sale expected to provide approximately $831M

Newly disclosed regulatory risk: DOJ, EPA and KDHE alleged Clean Air Act and 2012 Consent Decree violations at CVR Refining’s Coffeyville refinery
Environmental compliance exposure: potential penalties and enforcement costs remain unestimable under tolling agreement through March 31, 2019
Operational risk: ARI sale agreement creates potential termination fees of $65 million for ARI or $130 million for ITE Rail
Financial risk: $7.9 billion long-term debt, including $1.7 billion of Holding Company notes due 2020
Concentration risk: Mr. Icahn and affiliates owned approximately 91.5% of outstanding depositary units as of September 30, 2018

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

Compare quarters, check guidance or see what insiders and funds did around the report.