Net Income (Loss) Per LP Unit (Tables)

12 Months Ended

Dec. 31, 2025

Net Income (Loss) Per LP Unit

Schedule of computation of basic and diluted income per LP unit

	Year Ended December 31,
	2025		2024		2023
	(in millions, except per unit amounts)
Net loss attributable to Icahn Enterprises from continuing operations	$	(299)	$	(445)	$	(684)
Net loss attributable to Icahn Enterprises from continuing operations allocated to limited partners (98.01% allocation)	$	(293)	$	(436)	$	(670)
Basic and diluted loss per LP unit	$	(0.52)	$	(0.94)	$	(1.75)
Basic and diluted weighted average LP units outstanding		562		466		382

(1) Excludes an immaterial amount of unvested RSU awards during the years ended December 31, 2025, 2024 and 2023, due to their anti-dilutive impact.

Schedule of Capital Units

	Mr. Icahn and	Public
	Affiliates (1)	Unitholders	Total
December 31, 2023	367,879,902	61,153,339	429,033,241
Unit distributions	82,908,268	4,987,820	87,896,088
At-the-market offerings	—	5,806,986	5,806,986
December 31, 2024	450,788,170	71,948,145	522,736,315
Unit distributions	98,612,369	5,793,369	104,405,738
At-the-market offerings	—	10,067,399	10,067,399
December 31, 2025	549,400,539	87,808,913	637,209,452
(1) Excluding us and Brett Icahn