NEW YORK, December 29, 2025, 07:23 ET — Premarket
- Icahn Enterprises units were little changed in early premarket trading after a 3.1% rise into the weekend. MarketBeat
- Oil climbed more than $1 a barrel, a focus for Icahn’s energy-linked holdings. Reuters
- Investors are watching Fed minutes and jobless claims in a thin, holiday-shortened week. Reuters
Icahn Enterprises’ units were little changed in premarket trading on Monday, hovering around $7.60, as U.S. futures eased in the final holiday-shortened week of the year. MarketBeat
The muted move matters because Icahn Enterprises has been trading near its lows, with a large cash distribution yield that can make the units sensitive to shifts in risk appetite and interest-rate expectations. Google
It also comes as oil prices jumped, putting a fresh spotlight on the partnership’s exposure to energy assets and its investment portfolio at a time when year-end liquidity is thin and price swings can look larger than the headlines behind them. Reuters
In extended-hours indications, Icahn Enterprises (IEP) last traded at about $7.60, after closing Friday at $7.60, up 3.12% from the prior session, according to MarketBeat. MarketBeat
U.S. stock index futures dipped ahead of the opening bell, after the S&P 500 and the Dow ended last week at record highs, as investors eyed the “Santa Claus rally” period — a seasonal stretch of late-December and early-January gains. Reuters reported S&P 500 E-mini futures down 0.22% at 5:40 a.m. ET. Reuters
Oil rose by more than $1 a barrel on Monday on geopolitical developments and supply concerns, Reuters reported. “Energy markets moved higher as geopolitical developments lent support to crude prices,” said IG analyst Axel Rudolph. Reuters
The crude move matters for Icahn Enterprises because the partnership has pointed to gains in its CVR Energy position as a key driver of changes in its portfolio value. In its most recent quarterly update, the company said gains in its long position in CVR Energy helped lift indicative net asset value as of Sept. 30. PR Newswire
Icahn Enterprises is a publicly traded master limited partnership — a partnership structure whose units trade like shares and typically pass through income to unitholders — with operating businesses spanning investment, energy, automotive, food packaging, real estate, home fashion and pharma, the company said in a Nov. 5 release. PR Newswire
That release also laid out a quarterly distribution of $0.50 per depositary unit that was paid on or about Dec. 24, with unitholders given the choice of receiving cash or additional units, the company said. PR Newswire
Technically, the units remain pinned near the bottom of their annual range. Icahn Enterprises has traded between $7.08 and $10.74 over the past 52 weeks, according to Google Finance. Google
Traders will be watching whether the units hold above that $7.08 low as the market heads into year-end, when reduced volumes can make breakouts and breakdowns more prone to whipsaws. Google
On the calendar, investors have few company-specific signposts this week, leaving the units exposed to broader swings tied to rates, energy and risk sentiment. The next near-term macro catalysts include minutes from the Federal Reserve’s prior meeting and weekly jobless claims, Reuters reported. Reuters
The next earnings report is not confirmed, but MarketBeat estimates Icahn Enterprises will report around Feb. 24 before the market opens, based on past schedules. MarketBeat
