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Icahn Enterprises Q3 loss narrows, revenues rise

Staff Writer | November 3, 2016
Icahn Enterprises reported that third-quarter net loss attributable to the company was $16 million or $0.12 per depositary unit, narrower than loss of $440 million or $3.40 per depositary unit last year.
Icahn Enterprises
Icahn Enterprise   Revenues for the quarter were $4.90 billion
Revenues for the quarter were $4.90 billion, up from $3.21 billion last year.

Adjusted EBITDA attributable to Icahn Enterprises was $458 million, compared to loss of $31 million last year. Adjusted EBIT was $267 million, compared to loss of $186 million in the year-ago period.

On November 1, the board of directors of the general partner of Icahn Enterprises declared a quarterly distribution of $1.50 per depositary unit.

The quarterly distribution is payable on or about December 19, 2016 to depositary unit holders of record at the close of business on November 14, 2016.