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Icahn Enterprises L.P. (IEP)

Energy | Oil & Gas Refining & Marketing | Sunny Isles Beach, United States | NasdaqGS
7.53 USD +0.04 (0.467%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 7.63 +0.11 (1.395%) ⇧ (July 13, 2026, 7:39 p.m. EDT)

Short-term:★⯪☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 5:51 a.m. EDT

The investment case here is fundamentally broken. The business has suffered a catastrophic multi-year decline, dropping 82% over the last nine years with four consecutive years of negative annual returns. This is not a temporary slump; the market has consistently reassessed the company downward, and the price action confirms a structural deterioration. While the headline yield looks attractive at 26%, it is a trap built on a collapsing share price and a slashed dividend, not sustainable cash flow. The company is currently losing money on operations, with negative profit margins and a massive debt load relative to equity. Options activity screams caution, with traders buying deep insurance against further drops while avoiding any bullish bets. Even though the statistical forecast model shows low confidence, the alignment of deteriorating fundamentals, a brutal price trajectory, and defensive options flow leaves no room for optimism. This is a value trap where the low price reflects a dying business.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.029261
MSTL_63_1150.034089
MSTL_630.037614
AutoARIMA0.042563
AutoETS0.042692
MSTL0.046997
MSTL_1150.048317

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 43%
H-stat 0.05
Ljung-Box p 0.000
Jarque-Bera p 0.038
Excess Kurtosis -0.85
Attribute Value
Sector Energy
Ex Dividend Date 2026-05-17
Last Dividend Date 2026-05-17
Debt to Equity Ratio 291.819
Revenue per Share 16.561
Market Cap 5,057,180,672
Forward P/E 9.29
Beta 0.75
Profit Margins -3.36%
Website https://www.ielp.com

As of July 11, 2026, 5:51 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, evidenced by massive open interest in out-of-the-money puts compared to negligible call volume. The skew is extreme, with put volume dominating across nearly all expirations, suggesting a consensus expectation of further price weakness rather than a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
6.55% 25.27% 22.81% 20.26%
Dividend History
Date Dividend Yield %
2026-05-18 0.500000 6.553080
2026-03-09 0.500000 6.578947
2025-11-17 0.500000 6.305170
2025-08-18 0.500000 5.834306
2025-05-19 0.500000 5.630631
2025-03-10 0.500000 5.446623
2024-11-18 0.500000 4.135649
2024-08-19 1.000000 6.180470
2024-05-17 1.000000 5.941771
2024-03-08 1.000000 5.527916
2023-11-16 1.000000 5.793743
2023-08-17 1.000000 4.514673
2023-05-19 2.000000 6.207324
2023-03-10 2.000000 3.968254
2022-11-17 2.000000 3.827751
2022-08-18 2.000000 3.840246
2022-05-19 2.000000 3.882741
2022-03-17 2.000000 3.815338
2021-11-15 2.000000 3.669052
2021-08-19 2.000000 3.658314
2021-05-28 2.000000 3.547987
2021-03-25 2.000000 3.628447
2020-11-23 2.000000 3.969042
2020-08-20 2.000000 3.787879
2020-05-18 2.000000 4.032258
2020-03-19 2.000000 4.488330
2019-11-14 2.000000 3.082139
2019-08-12 2.000000 2.819681
2019-05-10 2.000000 2.727025
2019-03-08 2.000000 2.851033
2018-11-08 1.750000 2.536232
2018-08-10 1.750000 2.291776
2018-05-11 1.750000 2.512924
2018-03-09 1.750000 2.925932
2017-11-10 1.500000 2.693482
2017-08-10 1.500000 2.769060
2017-05-11 1.500000 3.015681
2017-03-09 1.500000 2.804262
2016-11-09 1.500000 3.066231
2016-08-11 1.500000 2.686727
2016-05-10 1.500000 2.689136
2016-03-03 1.500000 2.364439
2015-11-12 1.500000 2.057613
2015-08-13 1.500000 2.043597
2015-05-15 1.500000 1.633097
2015-03-05 1.500000 1.618821
2014-11-13 1.500000 1.436782
2014-08-14 1.500000 1.408451
2014-05-15 1.500000 1.505873
2014-03-11 1.500000 1.328139
2013-11-12 1.250000 1.112595
2013-08-14 1.250000 1.632706
2013-05-09 1.000000 1.205110
2013-02-19 1.000000 1.407658
2012-11-13 0.099000 0.251333
2012-08-14 0.098419 0.244263
2012-05-14 0.097813 0.220982
2012-03-13 0.097297 0.228743
2011-11-16 0.097247 0.270857
2011-08-17 0.097247 0.234029
2011-05-12 0.486233 1.259446
2011-03-11 0.243116 0.628297
2010-11-17 0.243116 0.710226
2010-08-18 0.243116 0.706613
2010-05-18 0.243116 0.720875
2010-03-11 0.243116 0.535905
2009-11-18 0.243116 0.630198
2009-08-18 0.243116 0.703432
2009-05-20 0.243116 0.767105
2009-03-12 0.243116 0.961537
2008-11-18 0.243116 0.964133
2008-08-20 0.243116 0.386398
2008-05-20 0.243116 0.271002
2008-03-14 0.243116 0.291579
2007-11-15 0.145870 0.117925
2007-08-23 0.145870 0.128645
2007-05-18 0.145870 0.172019
2007-03-12 0.097247 0.077706
2006-11-22 0.097247 0.140509
2006-08-17 0.097247 0.213403
2006-05-18 0.097247 0.229886
2006-03-23 0.097247 0.229886
2005-11-23 0.097247 0.322582
2005-08-25 0.097247 0.268098
1993-12-27 0.121558 1.612900
1993-09-24 0.121558 1.470586
1993-06-24 0.121558 1.612900
1993-03-25 0.121558 1.639342
1992-12-24 0.243116 3.508766
1992-10-05 0.243116 3.389825
1992-09-24 0.243116 3.225801
1992-03-25 0.243116 3.448270
1991-12-24 0.486233 5.000002
1991-09-24 0.486233 5.000002
1991-06-24 0.486233 4.878050
1991-03-22 0.486233 5.333335
1990-12-24 0.486233 6.451615
1990-09-24 0.486233 5.194807
1990-06-25 0.486233 4.545456
1990-03-26 0.486233 4.301077
1989-12-22 0.486233 4.761907
1989-09-25 0.486233 3.883496
1989-06-26 0.486233 3.539824
1989-03-27 0.486233 3.361346
1988-12-23 0.486233 3.278690
1988-09-26 0.486233 3.149607
1988-06-24 0.486233 3.174604
1988-03-25 0.486233 3.278690
Additional Data
dividendRate 2.0
dividendYield 26.7
exDividendDate 2026-05-18
trailingAnnualDividendRate 2.0
trailingAnnualDividendYield 0.2670227
lastDividendValue 0.5
lastDividendDate 2026-05-18
dividendDate 2026-06-25

Info Dump

Attribute Value
52 Week Change -0.20064032
Address1 16,690 Collins Avenue
Address2 PH-1
All Time High 149.77
All Time Low 5.956352
Ask 9.66
Ask Size 2
Average Daily Volume10 Day 834,520
Average Daily Volume3 Month 942,026
Average Volume 942,026
Average Volume10Days 834,520
Beta 0.746
Bid 5.4
Bid Size 2
Book Value 3.057
City Sunny Isles Beach
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 7.525
Current Ratio 1.695
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 7.635
Day Low 7.5
Debt To Equity 291.819
Display Name Icahn Enterprises L.P
Dividend Date 1,782,345,600
Dividend Rate 2.0
Dividend Yield 26.7
Earnings Call Timestamp End 1,778,076,000
Earnings Call Timestamp Start 1,778,076,000
Earnings Timestamp 1,778,070,600
Earnings Timestamp End 1,785,933,000
Earnings Timestamp Start 1,785,933,000
Ebitda 647,000,000
Ebitda Margins 0.06616
Enterprise To Ebitda 17.011
Enterprise To Revenue 1.125
Enterprise Value 11,006,180,352
Eps Forward 0.81
Eps Trailing Twelve Months -0.44
Esg Populated 0
Ex Dividend Date 1,779,062,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 7.5822
Fifty Day Average Change -0.057199955
Fifty Day Average Change Percent -0.0075439787
Fifty Two Week Change Percent -20.064032
Fifty Two Week High 9.75
Fifty Two Week High Change -2.225
Fifty Two Week High Change Percent -0.22820511
Fifty Two Week Low 7.08
Fifty Two Week Low Change 0.44500017
Fifty Two Week Low Change Percent 0.062853135
Fifty Two Week Range 7.08 - 9.75
Financial Currency USD
First Trade Date Milliseconds 554,045,400,000
Five Year Avg Dividend Yield 24.22
Float Shares 53,367,534
Forward Eps 0.81
Forward P E 9.290124
Free Cashflow 100,000,000
Full Exchange Name NasdaqGS
Full Time Employees 13,562
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.09081
Gross Profits 888,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.000010000001
Held Percent Institutions 0.94092005
Implied Shares Outstanding 672,050,553
Industry Oil & Gas Refining & Marketing
Industry Disp Oil & Gas Refining & Marketing
Industry Key oil-gas-refining-marketing
Ir Website http://www.ielp.com/investor.cfm
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,779,062,400
Last Dividend Value 0.5
Last Fiscal Year End 1,767,139,200
Last Split Date 1,352,764,800
Last Split Factor 10,059:10000
Long Business Summary Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The Investment segment invests its proprietary capital through various private investment funds; and it provides investment advisory, administrative, and back-office services to the investment funds. The Energy segment engages in refining and marketing petroleum in the form of gasoline, diesel, jet fuel, and distillates; renewable fuels business refines renewable feedstocks, such as soybean oil, corn oil, and other related renewable feedstocks into renewable diesel and markets renewable products; and nitrogen fertilizer business produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment engages in repair and maintenance of automotive; sale of installed parts or materials related to automotive services; and sale of automotive aftermarket parts and retailed merchandise. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings used to prepare and pack processed meat products. The Real Estate segment consists of investment properties, including land, retail, office, and industrial properties; and development and sale of single-family homes; and the operations of a resort and two country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services; and develops approved therapies and product candidates. Icahn Enterprises L.P. was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
Long Name Icahn Enterprises L.P.
Market us_market
Market Cap 5,057,180,672
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_250592
Most Recent Quarter 1,774,915,200
Net Income To Common -329,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 5,033,658,641
Number Of Analyst Opinions 1
Open 7.53
Operating Cashflow 266,000,000
Operating Margins -0.20197001
Payout Ratio 25.0
Peg Ratio 1.15
Phone 305 422 4100
Post Market Change 0.10500002
Post Market Change Percent 1.395349
Post Market Price 7.63
Post Market Time 1,783,985,990
Previous Close 7.49
Price Hint 2
Price To Book 2.4615638
Price To Sales Trailing12 Months 0.517147
Profit Margins -0.03364
Quick Ratio 0.793
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0350003
Regular Market Change Percent 0.467294
Regular Market Day High 7.635
Regular Market Day Low 7.5
Regular Market Day Range 7.5 - 7.635
Regular Market Open 7.53
Regular Market Previous Close 7.49
Regular Market Price 7.525
Regular Market Time 1,783,972,801
Regular Market Volume 552,567
Return On Assets 0.00189
Return On Equity -0.10149
Revenue Growth 0.198
Revenue Per Share 16.561
Sand P52 Week Change 0.20847368
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 672,050,553
Shares Percent Shares Out 0.0248
Shares Short 16,685,053
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 15,481,658
Short Name Icahn Enterprises L.P. - Deposi
Short Percent Of Float 0.136
Short Ratio 20.9
Source Interval 15
State FL
Symbol IEP
Target High Price 12.0
Target Low Price 12.0
Target Mean Price 12.0
Target Median Price 12.0
Total Cash 1,299,000,064
Total Cash Per Share 1.933
Total Debt 6,848,999,936
Total Revenue 9,779,000,320
Tradeable 0
Trailing Annual Dividend Rate 2.0
Trailing Annual Dividend Yield 0.2670227
Trailing Eps -0.44
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.8606
Two Hundred Day Average Change -0.3355999
Two Hundred Day Average Change Percent -0.042693928
Type Disp Equity
Volume 552,567
Website https://www.ielp.com
Zip 33,160