Icahn Enterprises (IEP) Q3 2026 Earnings Call Transcript

Icahn Enterprises reported a Q3 2026 net loss of $225 million, primarily due to $522 million in refining hedge losses, though indicative NAV increased $865 million. The company's subsidiary CVR Energy announced a transformative $4.2 billion acquisition of two refineries and a marketing platform from Marathon Petroleum, expected to increase EBITDA by over $1 billion and EPS by 105% on a pro forma basis. The company divested Pep Boys for $645 million and maintains $2.3 billion in holding company liquidity.

11/03/2026, 4:33 PM • The Motley Fool

Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction

Marathon Petroleum reported third-quarter net income of $7.4 billion with adjusted EPS of $26.93, up dramatically from $3.01 a year ago, driven primarily by higher refining margins rather than increased volume or lower costs. The company provided no fourth-quarter margin outlook and expects lower throughput, suggesting the exceptional margins may not persist. While the company is returning cash rapidly, profits are heavily dependent on wide refining margins remaining stable.

11/03/2026, 9:50 AM • The Motley Fool

MPLX Stock Pays a Hefty 7.4% Dividend Yield. Here's How Much $10,000 Generates in Passive Income Each Year.

MPLX LP, a midstream energy company, offers a 7.4% dividend yield, generating $740 annually on a $10,000 investment. The company has increased its dividend for 19 consecutive years, with payouts growing from $2.04 per share in 2016 to $4.31 currently. MPLX has delivered strong stock performance averaging 10.9% annually over 10 years, though it trades at a slightly elevated valuation with a forward P/E of 12. As an MLP, investors must handle additional K-1 tax forms.

10/24/2026, 11:34 AM • The Motley Fool

With Diesel Margins Stretched, Production Is Underway at Nevada’s Only Crude Oil Refinery

U.S. diesel prices reached $6.276/gallon in October 2026, with tight global supply and elevated crack spreads expected to persist through 2027. Sky Quarry's Eagle Springs Refinery in Nevada began production with crack spreads of $133-$136/barrel, while major refiners including PBF Energy, CVR Energy, Marathon Petroleum, and Calumet reported strong second-quarter results driven by robust refining margins amid global distillate fuel shortages.

10/23/2026, 9:00 AM • GlobeNewswire

Should You Forget VOO and Buy This Overlooked ETF Instead?

The article suggests that while the Vanguard S&P 500 ETF (VOO) is the world's largest ETF, large-cap stocks are currently overvalued with a Shiller P/E ratio near all-time highs. The author recommends considering the MarketDesk Focused US Momentum ETF (FMTM) as an alternative, which uses a quantitative strategy to identify 30-50 stocks with strong momentum. Despite its limited track record since July 2025, FMTM returned 29% over the past year and outperformed VOO during Q1 2026.

10/21/2026, 9:02 AM • The Motley Fool

What High Diesel Prices Mean for These 5 Energy Stocks

High diesel prices driven by a Strait of Hormuz supply disruption are benefiting energy companies differently. Marathon Petroleum, a pure-play refiner, is the biggest winner as it directly profits from the crack spread between crude costs and refined fuel prices. Integrated majors Chevron and ExxonMobil see meaningful but smaller gains across their larger businesses. Pipeline operators Energy Transfer and Enterprise Products Partners benefit modestly through increased volume fees, with their appeal primarily tied to steady dividend yields rather than diesel price exposure.

10/17/2026, 8:30 AM • The Motley Fool

AI in Catalyst Development Global Patent Landscape Report, 2003-2025 | Projected $28 Billion AI in Chemicals Market Drives R&D and Licensing Opportunities by 2034

A comprehensive patent landscape analysis reveals 133 AI-driven catalyst development patents filed between 2003-2025, with the US and China leading innovation. The global AI in chemicals market is projected to grow from $2.29 billion in 2025 to $28 billion by 2034 at a 27.8% CAGR, driven by catalyst optimization, process automation, and predictive maintenance applications across chemicals, petrochemicals, and energy sectors.

10/15/2026, 4:58 AM • GlobeNewswire

The Oil Story Everyone's Telling You Is Wrong. Here's What's Actually Driving Prices at the Pump.

While crude oil prices have fallen to $90/barrel, gasoline and diesel prices remain elevated due to tight global refining capacity rather than oil scarcity. U.S. refining capacity has declined, and disruptions from attacks on Russian refineries, Persian Gulf issues, and Chinese export suspensions have constrained refined product supplies. Refiners like Marathon Petroleum and Valero Energy are capturing significant value through dramatically higher refining margins, with Marathon's refining margins reaching $36.33/barrel (up from $17.58 year-over-year) and Valero's Q2 refining operating income jumping to $4.5 billion from $1.3 billion.

10/09/2026, 10:15 AM • The Motley Fool

Got $10,000 to Invest This September? These Energy Stocks Could Turn It Into Over $600 in Annual Income.

Energy Transfer (ET) and MPLX are recommended as reliable income-generating midstream pipeline companies for September investment. Both MLPs offer high dividend yields (6.4% and 7.3% respectively) that are well-supported by their distributable cash flow, trade at attractive valuations, and are insulated from volatile commodity prices due to their 'toll road' business model.

09/01/2026, 2:30 PM • The Motley Fool

3 Midstream Stocks Quietly Compounding Dividends Every Year

Three midstream energy companies—Enbridge, Enterprise Products Partners, and MPLX—offer attractive dividend yields and strong compounding potential. Operating as 'energy tollbooths' with stable cash flows, these stocks have demonstrated consistent dividend/distribution growth over decades, making them suitable for passive income investors seeking long-term capital appreciation.

08/05/2026, 12:05 PM • The Motley Fool

This Group of Stocks Is Surging Due to the Surge in Oil Prices. Should You Invest?

Refiner stocks have significantly outperformed the broader energy sector and S&P 500 due to a global shortage of refining capacity, which has driven crack spreads (refiner profit margins) to record highs of $64. Despite geopolitical conflicts and infrastructure damage reducing global refining capacity by 5 million barrels per day, the author recommends investing in refiners as the capacity shortage will persist longer than oil price volatility.

07/24/2026, 4:05 PM • The Motley Fool

Market Indexes Play Favorites: Tech Wins, Industrials Sulk on Monday

Tech stocks rallied on Monday while industrial stocks lagged, with the Nasdaq up 0.57% and the Dow down 0.30%. Alphabet surged 3% after reports of a new AI chip called 'Frozen v2' that runs Google's Gemini models more efficiently. The semiconductor sector broadly rallied on the news. However, Apple fell 2.4% and Caterpillar dropped 1.2%, offsetting gains. Over 300 companies report earnings this week, with investors seeking clarity on AI spending.

07/20/2026, 12:21 PM • The Motley Fool

Want Durable Dividend Income That Can Last for Decades? Buy This Stock and Never Look Back.

MPLX LP, a midstream pipeline operator, is highlighted as an attractive dividend stock with a 7.3% yield and a track record of consistent payout growth. The company benefits from long-term contracts with Marathon Petroleum, strategic acquisitions in the Permian and Marcellus regions, and exposure to growing natural gas liquids markets. With strong free cash flow generation and a sustainable dividend coverage ratio, MPLX is positioned for long-term dividend growth targeting 12.5% annually through 2027.

07/06/2026, 7:05 PM • The Motley Fool

1 Underappreciated Energy Stock You Won't Want to Overlook

Delek US Holdings (DK), a mid-sized oil refiner, has gained 64% year-to-date but remains underappreciated by investors. The company's 'surgical' approach to cost-cutting and operational efficiency has driven a fivefold increase in EBITDA in Q1 2026 without proportional revenue growth. With a 2.1% dividend yield, strong cash position, and Goldman Sachs' $55 price target, the stock merits closer examination despite high debt ratios and volatile refining margins.

06/10/2026, 12:30 PM • The Motley Fool

Aquanta Vision Secures Pre-Seed Funding to Advance Real-Time Methane Leak Detection

Aquanta Vision, a methane detection software company, has secured pre-seed funding from EIC Rose Rock, Marathon Petroleum Corporation, Chevron Technology Ventures, Ecosphere Ventures, and Odyssey Energy Advisors. The company's optical gas imaging (OGI) detection software improves methane leak identification during inspections by automating detection without requiring new hardware.

05/19/2026, 6:00 AM • GlobeNewswire