Filing Flows › Icahn Enterprises L.P. (IEP) › Q1 2026
Icahn Enterprises L.P. (IEP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Icahn Enterprises L.P. (IEP) reported revenue of $2.2B for the first quarter 2026 (Q1 2026), +18% from a year earlier and -18% from the quarter before. Operating margin was -27.7%, net loss $563M (25.5% of revenue).
Icahn Enterprises L.P., Q1 2026: revenue $2.2B (+18% year over year), operating margin -27.7%, net loss $563M, operating cash flow $397M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -18% | +18% |
| Operating profit | −$612M | -3700% | — |
| Net earnings | −$563M | -1380% | — |
| Operating cash flow | $397M | — | — |
| Free cash flow | $283M | — | — |
What changed
Revenue was $2.2B in Q1 2026, up 18% year over year and down 18% from the previous quarter.
Operating costs exceeded revenue by $0.61B, an operating margin of -27.7%. Total costs grew 12% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $0.56B, after a profit of $0.04B the previous quarter. Minority interests bore $0.10B of it: to shareholders the quarter was a loss of $0.46B.
Operating cash flow was $0.40B. Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items added $0.84B. Capital expenditures of $0.11B left free cash flow of $0.28B.
Questions
What was Icahn Enterprises L.P.'s revenue in the first quarter 2026?
Icahn Enterprises L.P.
Was Icahn Enterprises L.P. profitable in the first quarter 2026?
Operating loss was $612M (-27.7% of revenue) and net loss $563M.