FY2025 · ended Dec 31, 2025 · Revenue $9.66B, -3.6% YoY · Filed Feb 26, 2026
Icahn Enterprises L.P. (IEP) files with the SEC under industry code 2911, Petroleum Refining. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $9.7 billion and a net loss of $299.0 million. Free cash flow was -$654.0 million. As of Sep 30, 2026 it held $2.3 billion in cash and investments and $6.7 billion in total debt.
Revenue (TTM)
$11.05B
+16.1% vs year-ago TTM
Net income (TTM)
$-1.04B
-160.8% vs year-ago TTM
Operating cash flow (TTM)
$308.00M
-12.5% vs year-ago TTM
Free cash flow (TTM)
$-61.00M
-2950.0% vs year-ago TTM
EPS
—
Dividend per share
$6.00
+0.0% vs prior year
Shares outstanding
637.21M
+21.9% vs prior year
Net cash
$-4.41B
as of Sep 30, 2026
Operating margin
—
Company profile
- Industry
- Petroleum Refining (SIC 2911)
- Listed as
- IEP (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Sunny Isles Beach, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 813762
- Former names
- AMERICAN REAL ESTATE PARTNERS L P (until Sep 20, 2007)
Other Petroleum Refining companies
- ExxonMobil Holdings Corp XOM
- Chevron Corp CVX
- Conocophillips COP
- BP PLC BP
- Marathon Petroleum Corp MPC
- Valero Energy CORP/TX VLO
- Equinor ASA EQNR
- Phillips 66 PSX
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2021 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $9.7B | $10.0B | $10.9B | $14.2B | $11.3B |
| Net income | -$299.0M | -$445.0M | -$684.0M | -$183.0M | -$518.0M |
| Operating cash flow | -$313.0M | $832.0M | $3.7B | $1.1B | $321.0M |
| Free cash flow | -$654.0M | $552.0M | $3.4B | $717.0M | $16.0M |
| Total assets | $14.2B | $16.3B | $20.9B | $27.9B | $27.7B |
| Total liabilities | $10.8B | $11.7B | $14.8B | $18.4B | $18.4B |
| Cash and investments | $1.4B | $2.6B | $3.0B | $2.3B | $2.3B |
| Total debt | $7.1B | $7.3B | $7.7B | $7.6B | $8.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Nov 5, 2026 | Nov 5, 2026 |
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Aug 20, 2026 | Aug 20, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 7, 2026 | Aug 7, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
All 1000 Icahn Enterprises L.P. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.