Icahn Enterprises LP (NASDAQ: IEP) saw its stock price surge 6.03% in pre-market trading on Wednesday, following the release of its impressive third-quarter 2025 financial results and dividend announcement. The company, led by billionaire investor Carl Icahn, reported significant improvements in key financial metrics, bolstering investor confidence.

For the third quarter, Icahn Enterprises posted a net income of $287 million, or $0.49 per depositary unit, a substantial increase from $22 million, or $0.05 per unit, in the same period last year. While revenues slightly decreased to $2.7 billion from $2.8 billion in Q3 2024, the company's profitability saw a marked improvement. The adjusted EBITDA for the quarter more than doubled to $383 million, up from $183 million in the prior year period.

Adding to the positive sentiment, Icahn Enterprises reported an increase in its indicative net asset value to approximately $3.8 billion as of September 30, 2025, representing a rise of $567 million since June 30, 2025. Furthermore, the company declared a third-quarter distribution of $0.50 per depositary unit, payable on or about December 24, 2025, with unitholders having the option to receive cash or additional units. This combination of strong financial performance and shareholder returns appears to be driving the pre-market rally in IEP's stock price.