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Icahn Enterprises L.P. (IEP)

Energy | Oil & Gas Refining & Marketing | Sunny Isles Beach, United States | NasdaqGS
6.64 USD
After hours: 6.65 +0.01 (0.151%) ⇧ (Oct. 15, 2026, 6:11 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 10:38 a.m. EDT

The investment case here is fundamentally broken. The business is deteriorating rapidly, evidenced by a brutal multi-year price collapse where the stock has lost nearly 83% of its value over the last nine years. This isn't a temporary dip; the company has suffered four consecutive years of negative annual returns, with the most recent year seeing a staggering 42% drop. Fundamentals confirm the market's verdict: the company is generating negative operating margins, destroying equity value with a return on equity of -18%, and carries a crushing debt load that dwarfs its equity base. While the headline yield looks astronomical at 30%, it is a dangerous illusion born of a collapsing share price; the payout ratio sits at 57%, suggesting the dividend is barely sustainable given the negative earnings and shrinking free cash flow. Recent news confirms this fragility, noting a dividend slash following a short-seller attack, which signals that management is already cutting costs to preserve capital. Technically, the stock is trading well below its moving averages, and options flow is screaming 'sell' with massive positioning in deep out-of-the-money puts. There is no catalyst for a recovery visible in the data; the structural decline continues.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.076530
MSTL0.082547
AutoETS0.083040
AutoTheta0.093529

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 52%
H-stat 3.16
Ljung-Box p 0.000
Jarque-Bera p 0.069
Excess Kurtosis -0.74
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-16
Last Dividend Date 2026-08-16
Debt to Equity Ratio 318.686
Revenue per Share 16.716
Market Cap 4,720,476,160
Forward P/E 8.20
Beta 0.70
Profit Margins -4.96%
Website https://www.ielp.com

As of Oct. 10, 2026, 10:38 a.m. EDT: Speculators are positioning heavily for downside protection with deep out-of-the-money puts showing massive open interest (e.g., 92 contracts at $25 strike for Jan 2027 expiration), while call volume remains negligible. Implied volatility is elevated on the put side relative to calls, indicating a market consensus expecting significant further declines rather than a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
7.03% 26.47% 23.65% 20.94%
Dividend History
Date Dividend Yield %
2026-08-17 0.500000 7.032349
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
dividendYield 29.83
exDividendDate 2026-08-17
trailingAnnualDividendRate 2.0
trailingAnnualDividendYield 0.30120483
lastDividendValue 0.5
lastDividendDate 2026-08-17
dividendDate 2026-09-23

Info Dump

Attribute Value
52 Week Change -0.19221413
Address1 16,690 Collins Avenue
Address2 PH-1
All Time High 149.77
All Time Low 5.956352
Ask 8.46
Ask Size 2
Average Daily Volume10 Day 862,660
Average Daily Volume3 Month 1,020,079
Average Volume 1,020,079
Average Volume10Days 862,660
Beta 0.704
Bid 4.74
Bid Size 2
Book Value 2.55
City Sunny Isles Beach
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.64
Current Ratio 1.652
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 6.67
Day Low 6.6
Debt To Equity 318.686
Display Name Icahn Enterprises
Dividend Date 1,790,121,600
Dividend Yield 29.83
Earnings Call Timestamp End 1,785,938,400
Earnings Call Timestamp Start 1,785,938,400
Earnings Timestamp 1,785,933,000
Earnings Timestamp End 1,793,795,400
Earnings Timestamp Start 1,793,795,400
Ebitda 526,000,000
Ebitda Margins 0.050630003
Enterprise To Ebitda 20.288
Enterprise To Revenue 1.027
Enterprise Value 10,671,475,712
Eps Forward 0.81
Eps Trailing Twelve Months -0.7
Esg Populated 0
Ex Dividend Date 1,786,924,800
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 6.9196
Fifty Day Average Change -0.27960014
Fifty Day Average Change Percent -0.04040698
Fifty Two Week Change Percent -19.221413
Fifty Two Week High 9.32
Fifty Two Week High Change -2.6799998
Fifty Two Week High Change Percent -0.28755364
Fifty Two Week Low 6.51
Fifty Two Week Low Change 0.12999964
Fifty Two Week Low Change Percent 0.019969221
Fifty Two Week Range 6.51 - 9.32
Financial Currency USD
First Trade Date Milliseconds 554,045,400,000
Five Year Avg Dividend Yield 22.52
Float Shares 51,697,746
Forward Eps 0.81
Forward P E 8.197531
Free Cashflow 138,000,000
Full Exchange Name NasdaqGS
Full Time Employees 13,562
Fullday Change 0.010000229
Fullday Change Percent 0.15060586
Fullday Price 6.64
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.07123
Gross Profits 740,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.000010000001
Held Percent Institutions 0.94892997
Implied Shares Outstanding 710,915,093
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 0
Language en-US
Last Dividend Date 1,786,924,800
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 4,720,476,160
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_250592
Most Recent Quarter 1,782,777,600
Net Income To Common -515,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 5,043,942,584
Open 6.6
Operating Cashflow 107,000,000
Operating Margins -0.08636
Payout Ratio 57.1429
Peg Ratio 1.15
Phone 305 422 4100
Post Market Change 0.010000229
Post Market Change Percent 0.15060586
Post Market Price 6.65
Post Market Time 1,792,102,300
Previous Close 6.64
Price Hint 2
Price To Book 2.6039217
Price To Sales Trailing12 Months 0.45437253
Profit Margins -0.049569998
Quick Ratio 0.789
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 6.67
Regular Market Day Low 6.6
Regular Market Day Range 6.6 - 6.67
Regular Market Open 6.6
Regular Market Previous Close 6.64
Regular Market Price 6.64
Regular Market Time 1,792,094,401
Regular Market Volume 815,363
Return On Assets -0.00455
Return On Equity -0.17813
Revenue Growth 0.257
Revenue Per Share 16.716
Sand P52 Week Change 0.16207206
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 710,915,093
Shares Percent Shares Out 0.0249
Shares Short 17,690,105
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 18,215,791
Short Name Icahn Enterprises L.P. - Deposi
Short Percent Of Float 0.1095
Short Ratio 23.7
Source Interval 15
State FL
Symbol IEP
Total Cash 1,220,999,936
Total Cash Per Share 1.718
Total Debt 6,839,000,064
Total Revenue 10,389,000,192
Tradeable 0
Trailing Annual Dividend Rate 2.0
Trailing Annual Dividend Yield 0.30120483
Trailing Eps -0.7
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.5237
Two Hundred Day Average Change -0.8837004
Two Hundred Day Average Change Percent -0.11745555
Type Disp Equity
Volume 815,363
Website https://www.ielp.com
Zip 33,160