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![TheIcahnist Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1661140531274031105.png) The Icahnist [@TheIcahnist](/creator/twitter/TheIcahnist) on x 21.1K followers
Created: 2025-07-27 21:13:30 UTC

Why they did it:

Bet on rising natural gas prices

Deregulated Texas market = growth

Monopoly-like infrastructure

Classic “steady cash flow + leverage” LBO profile

$44.3B EV, 8.5x EBITDA, $36B of debt.

It was supposed to be a cash-printing machine.


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949578921256616360/c:line.svg)

**Related Topics**
[debt](/topic/debt)
[$36b](/topic/$36b)
[$443b](/topic/$443b)
[cash flow](/topic/cash-flow)

[Post Link](https://x.com/TheIcahnist/status/1949578921256616360)