IEP Icahn Enterprises (IEP) Q2 FY26 earnings call
Icahn Enterprises' second quarter was marked by significant portfolio optimization, highlighted by the definitive agreement to sell Pep Boys for $700 million, a move expected to bolster liquidity and address upcoming debt maturities. While the company reported a net loss and a decline in Net Asset Value primarily due to fund and CVI performance, strategic actions like the Pep Boys divestiture and ongoing segment management aim to enhance long-term value. The company continues to focus on maintaining liquidity to capitalize on future opportunities within its diversified operating segments.
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IEP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Crude utilization rate Energy | 97%The first quarter refining operations were solid with crude utilization of 97%, although margins were weighed down by higher RFS obligation costs and unrealized derivative losses.Source: earnings call transcript | 98%+The second quarter refining operations were solid with crude utilization over 98%, although margins were weighed down by higher RFS obligation costs.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.