Icahn Enterprises Slips To Loss In Q4 - Quick Facts

(RTTNews) - Icahn Enterprises L.P. (IEP) reported that its fourth-quarter net loss attributable to the company allocable to Limited partners was $469 million, compared to net income of $218 million in the prior year. Loss per LP unit was $3.84 compared to net income of $1.90 in the previous year.

Adjusted loss per LP unit was $3.84 compared to adjusted net income of $1.92 in the prior year.

Revenues for the quarter dropped to $3.366 billion from $4.872 billion in the prior year.

Mr. Icahn stated: "This year's results were obviously disappointing, with the precipitous decline in oil prices impacting the profitability of many of our segments. I believe a great amount of profit in the next few years will be made by those who hold positions in energy companies. However, I also believe that oil prices will continue to decline in the near term. The performance of our investment in Apple, the largest position in our Investment segment, softened the impact of the decline in oil prices and hopefully will continue to do so........I hope and believe that Icahn Enterprises will be strongly profitable in 2015 and beyond, continuing our excellent long term track record of profitability."