HIGHBuilt-inProduct / Revenue mix
83%
Energy segment
“10-K Item 1: 'Our Energy segment's net sales...represented approximately 83% consolidated net sales, primarily from the sale of its petroleum products.'”
IEP · Concentration risk · 10-K extracted
Icahn Enterprises L.P. - Deposi (IEP) concentration risks
Updated
The most significant concentration Icahn Enterprises L.P. - Deposi discloses is Energy segment at 83%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Icahn Enterprises L.P. - Deposi’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
12%
refining top customer
“10-K Item 1: 'The refining business's top customer represented 12% and 13% of its net sales for the years ended December 31, 2025 and 2024, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is dominated by a single segment that accounts for the large majority of consolidated revenues. The Energy segment's net sales represented approximately 83% of consolidated net sales, primarily from the sale of petroleum products. This is a high-share, structural concentration: the diversified holding company's reported revenues are overwhelmingly driven by one operating unit with a commodity end-market character. The Energy segment's performance — and therefore the consolidated top line — moves with petroleum product volumes, refining spreads, and commodity market conditions rather than any diversified business mix. Within the Energy segment, the refining business's top customer represented 12% of net sales for the year — a low-share exposure by disclosed size with a dependency character. At the subsidiary level this is a relatively small single-name concentration, but when scaled through the 83% segment share to the consolidated enterprise, it underscores the layered nature of the revenue dependency on petroleum operations. These two exposures are nested: a high-share energy segment with a low-share customer dependency within it. The segment-level concentration is the dominant structural feature; the top customer within refining is a secondary, more manageable variable. On balance, the Energy segment's large consolidated share means investors should monitor refining economics and petroleum product market conditions as the primary determinants of revenue, while the individual customer dependency within refining is a secondary monitoring variable that would become more material only if that customer relationship deteriorated significantly.
For the engine’s reasoning on IEP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Refining & Marketing
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| IEP● | Icahn Enterprises L.P. - Deposi | 1 | 0 | 1 | 2 |
| CVI | CVR Energy Inc. | 0 | 4 | 1 | 5 |
| APC | ARKO Petroleum Corp. | 0 | 1 | 0 | 1 |
| DK | Delek US Holdings, Inc. | 0 | 1 | 0 | 1 |
| DKL | Delek Logistics Partners, L.P. | 0 | 1 | 0 | 1 |
| DINO | HF Sinclair Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.