Icahn Enterprises Slips To Loss In Q1 - Quick Facts

(RTTNews) - Icahn Enterprises L.P. (IEP) said that its first-quarter 2014 loss attributable to the company allocable to limited partners was $28 million, compared to net income of $271 million in the prior year. Loss per depositary unit was $0.24 versus net income of $2.50 last year.

Adjusted net income attributable to the company for the latest-quarter was $92 million and $0.77 per depositary unit, compared to $274 million and $2.49 per depositary unit in the year ago quarter.

Adjusted EBIT attributable to the company was $218 million compared to $507 million in the year ago quarter.

Revenues for the quarter dropped to $4.990 billion from $5.369 billion in the year ago quarter.

On May 5, 2014, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about June 30, 2014 to depositary unit holders of record at the close of business on May 19, 2014.