10-Q quarterly report · filed Aug 6, 2019

Icahn Enterprises L.p (IEP) Q2 2019 10-Q Quarterly Report

Short answer

Icahn Enterprises L.p (IEP) filed its Q2 2019 10-Q quarterly report on Aug 6, 2019 for the quarter ended Jun 30, 2019.

Icahn Enterprises L.p Q2 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $2.196B, down $1.227B YoY from $3.423B, reflecting Investment and Holding Company losses
  • Consolidated net loss $573M vs $474M YoY; Investment Funds returns (3.1%) vs 4.9%
  • Best segment Energy: net sales $1.687B, gross margin 12% vs 7% YoY
  • Worst segment Metals: net sales down $37M, gross margin 2% vs 6% YoY
  • Cash and debt: Holding Company cash $3.3B, debt $6.8B; $1.250B notes issued and $400M ATM authorization

Risk Factors

  • Newly triggered environmental enforcement: DOJ, EPA and KDHE alleged Clean Air Act and 2012 Consent Decree violations at CVR Refining’s Coffeyville refinery
  • Most material legal update: nine consolidated Delaware Call Option Lawsuits challenging CVR Energy’s CVR Refining unit purchase right
  • Near-term market risk: Investment segment derivative losses reached $1,392 million for six months ended June 30, 2019
  • Financial risk: total debt increased to $8,658 million from $7,326 million at December 31, 2018
  • Concentration risk: Mr. Icahn and affiliates owned approximately 92.0% of outstanding depositary units as of June 30, 2019

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

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