伊坎企业 2026年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act (Check One): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No⌧ As of May 6, 2026, there were 672,050,553 of Icahn Enterprises’ depositary units outstanding. ICAHN ENTERPRISESL.P.TABLE OF CONTENTS PARTI. FINANCIAL INFORMATIONFinancial Statements (Unaudited) Item1.2Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations34Item3.Quantitative and Qualitative Disclosures About Market Risk52Item4.Controls and Procedures53 PARTII. OTHER INFORMATION Item1.Legal Proceedings54Item1A.Risk Factors54Item 2.Unregistered Sales of Equity Securities and Use of Proceeds55Item 5.Other Information55Item6.Exhibits58 FORWARD-LOOKING STATEMENTS This Report contains certain statements that are, or may be deemed to be, “forward-lookingstatements” within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21Eof the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or by the Private SecuritiesLitigation Reform Act. All statements included in this Report, other than statements that relate solely tohistorical fact, are “forward-looking statements.” Such statements include, but are not limited to, anystatement that may predict, forecast, indicate or imply future results, performance, achievements or events,or any statement that may relate to strategies, plans or objectives for, or potential results of, futureoperations, financial results, financial condition, business prospects, growth strategy or liquidity, and arebased upon management’s current plans and beliefs or current estimates of future results or trends.Forward-looking statements can generally be identified by phrases such as “believes,” “expects,”“potential,” “continues,” “may,” “should,” “seeks,” “predicts,” “anticipates,” “intends,” “projects,”“estimates,” “plans,” “could,” “designed,” “should be” and other similar expressions that denoteexpectations of future or conditional events rather than statements of fact. Forward-looking statements include certain statements made under the caption, “Management’sDiscussion and Analysis of Financial Condition and Results of Operations,” under PartI, Item2 of thisReport, but also forward-looking statements that appear in other parts of this Report.Forward-lookingstatements reflect our current views with respect to future events and are based on certain assumptions andare subject to risks and uncertainties that could cause our actual results to differ materially from trends,plans, or expectations set forth in the forward-looking statements. These include risks related to economicdownturns, substantial competition and rising operating costs; risks related to our investment activities,including the nature of the investments made by the private funds in which we invest, including the impactof the use of leverage through options, short sales, swaps, forwards and other derivative instruments; risksrelated to our ability to comply with the covenants in our senior notes and the risk of foreclosure on theassets securing our notes; declines in the fair value of our investments, losses in the private funds and lossof key employees; risks related to our ability to continue to conduct our activities in a manner so as to notbe deemed an investment company under the Investment Company Act of 1940, as amended, or to betaxed as a corporation; risks related to short sellers and associated litigation and regulatory inquiries; risksrelated to our general partner and controlling unitholder; pledges of our units by our controlling unitholder;risks related to our energy business, including the volatility and availability of crude oil, other feed stocksand refined products, declines in global demand for crude oil, refined products and liquid transportationfuels, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuationsin nitrogen fertilizer demand in the agricultural industry and seasonality of results; volatile commoditypricing and higher industry utilization and oversupp