Icahn Enterprises Q2 Earnings Call Highlights

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Icahn Enterprises (NASDAQ:IEP) reported a second-quarter 2026 nett nonaccomplishment attributable to the institution of $355 million, oregon $0.52 per depositary unit, compared with a $165 cardinal loss, oregon $0.30 per unit, a twelvemonth earlier. Adjusted EBITDA attributable to IEP was a nonaccomplishment of $134 million, compared with adjusted EBITDA of $40 cardinal successful the prior-year quarter.

President and CEO Ted Papapostolou said indicative nett plus worth declined by $765 cardinal from the archetypal quarter, chiefly reflecting a $243 cardinal alteration successful the concern funds and a $435 cardinal diminution astatine CVI. The second-quarter NAV included an estimated summation of astir $100 cardinal from the anticipated merchantability of Pep Boys.

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Updating market-value subsidiaries and investments done July, Papapostolou said NAV accrued by $268 million, arsenic a $575 cardinal summation astatine CVI much than offset an astir $312 cardinal diminution successful the funds.

Pep Boys merchantability expected to bolster liquidity

In July, IEP entered a definitive statement to merchantability Pep Boys for $700 million, taxable to customary closing conditions and purchase-price adjustments. The institution expects the transaction to adjacent during the 3rd quarter.

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IEP volition clasp existent property antecedently transferred from Pep Boys, on with the AAMCO and Precision Tune Auto Care franchise businesses and definite retained liabilities, including Supercenter leases. Pep Boys is expected to lease astir of the retained locations from IEP pursuing the closing.