10-Q quarterly report · filed Nov 5, 2019

Icahn Enterprises L.p (IEP) Q3 2019 10-Q Quarterly Report

Short answer

Icahn Enterprises L.p (IEP) filed its Q3 2019 10-Q quarterly report on Nov 5, 2019 for the quarter ended Sep 30, 2019.

Icahn Enterprises L.p Q3 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $2.320B vs $2.569B YoY, net loss $373M vs $334M
  • Energy revenue $1.625B vs $1.938B, gross margin 11% vs 10% YoY
  • Worst segment Automotive: gross margin 28% vs 33%, revenue up $9M
  • Cash proceeds $451M from Ferrous Resources sale, pretax gain $252M
  • Holding Company cash $2.5B, debt $5.6B; outlook headwinds included volatile RIN costs and trade uncertainty

Risk Factors

  • No material changes to 10-K risk factors stated, with carried-forward risks remaining applicable
  • Environmental enforcement: DOJ, EPA and KDHE allegations against Coffeyville refinery under Clean Air Act and 2012 Consent Decree
  • RFS compliance: CVR Refining must purchase RINs because it cannot blend most transportation fuels
  • Investment volatility: derivatives generated $1,654 million of losses during nine months ended September 30, 2019
  • Pension liability: ACF plans underfunded by approximately $[amount] million, with Icahn Enterprises jointly liable as controlled-group member

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

Other Icahn Enterprises L.p quarterly reports

Ask about this quarter

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