Icahn Enterprises L.p (IEP) Q1 2019 10-Q Quarterly Earnings

Short answer

Icahn Enterprises L.p (IEP) filed its Q1 2019 10-Q quarterly report on May 2, 2019 for the quarter ended Mar 31, 2019.

AI summary of MD&A and risk factor updates

Revenue $1.855B vs $2.983B YoY, down $1.128B
Investment worst performer: fund returns (5.8)% vs 5.3%, driving segment loss of $588M
Energy best operating segment: revenue $1.487B vs $1.539B, gross margin 12% vs 10%
Consolidated operating cash flow $(288)M vs $(397)M; capital deployment included $301M for CVR Refining units
Holding Company cash $2.1B, debt $5.5B; proposed depositary-unit offering up to $400M for acquisitions and general purposes

No material changes stated in Item 1A, with the 10-Q incorporating 2018 10-K risk disclosures
Regulatory risk: CVR Refining Clean Air Act allegations, with DOJ and KDHE negotiations extended through November 30, 2019
Market risk: Investment segment derivative losses of $1,163 million in Q1 2019
Financial risk: $1,702 million senior unsecured notes maturing in 2020
Compliance risk: ACF pension plans underfunded by approximately $ million, with Icahn Enterprises jointly liable as a controlled-group member

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

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