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Icahn Enterprises IEP Energy — Deferred Revenue

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Other financials

Income statement

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Revenue$3.0B+25.6%
Net income-$355.0M-115%
EPS (diluted)-$0.52-73.3%

Balance sheet

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Cash & equivalents$1.2B-32.3%
Total debt$6.9B-5.2%
Total assets$12.9B-13.1%

Cash flow

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Operating cash flow$116.0M-57.8%
CapEx$80.0M-16.7%
Free cash flow$36.0M

Valuation

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Market cap$5.42B+2.3%
Enterprise value$11.13B+3.0%
P/S0.5×0.0×

Profitability

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Gross margin-56.5%
Net margin-5%-1.1pp
FCF margin-2.3%

Returns & leverage

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Return on equity-0.1%
Debt / equity0.7×

Where this comes from

Reported directly by Icahn Enterprises in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenue.

The source filing: Icahn Enterprises’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-090605

In addition, deferred revenue includes agreements entered into with third-party investors that have allowed our Energy segment to monetize certain tax credits available under Section 45Q of the Internal Revenue Code (the “45Q Transaction”). Our Energy segment had deferred revenue of $49 million and $44 million as of June 30, 2026 and December 31, 2025, respectively. For the six months ended June 30, 2026 and 2025, our Energy segment recognized revenue of $19 million and $47 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period.

Item 1. Financial Statements (Unaudited)

FAQ

What is Icahn Enterprises's energy — deferred revenue?
Icahn Enterprises (IEP) reported energy — deferred revenue of $49M in Q2 2026.
How has Icahn Enterprises's energy — deferred revenue changed year-over-year?
Icahn Enterprises's energy — deferred revenue increased by 48.5% year-over-year, from $33M to $49M.
What is the long-term trend for Icahn Enterprises's energy — deferred revenue?
Over 4 years (2021 to 2025), Icahn Enterprises's energy — deferred revenue has grown at a 2.7% compound annual growth rate (CAGR), from $177M to $197M.
What does energy — deferred revenue mean?
Represents payments received from customers for energy products or services for which the associated performance obligations have not yet been satisfied. This liability reflects future service delivery requirements and acts as a key indicator of customer prepayments and contract health.

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