KNTK · Kinetik Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.76B | $1.48B | $1.26B | $410.18M | $160.62M | $148.41M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $130.62M | $134.16M | $97.91M | $94.27M | $14.18M | $13.15M |
| Total Operating Expenses | $300.25M | $220.68M | $1.10B | $1.06B | $95.00M | $86.79M |
| D&A | $382.64M | $324.20M | $280.99M | $260.35M | $16.20M | $15.95M |
| Operating Income | $164.92M | $179.23M | $159.25M | $150.49M | $65.61M | $61.62M |
| Interest Expense | $240.02M | $218.12M | $217.93M | $142.43M | $9.43M | $9.78M |
| Income Tax | $50.73M | $23.04M | ($232.91M) | $2.62M | $0 | ($696.0K) |
| Net Income | $80.01M | $80.01M | $289.44M | $250.72M | $99.22M | $1.59M |
| EPS - Basic | $2.66 | $1.03 | $5.25 | $1.48 | ($1.86) | $0.21 |
| EPS - Diluted | $2.63 | $1.02 | $2.52 | $1.48 | ($1.93) | $0.14 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.95M | $3.61M | $4.51M | $6.39M | $131.96M | $24.19M |
| Accounts Receivable | $85.28M | $111.94M | $215.72M | $178.11M | - | - |
| Inventory | $4.60M | $3.60M | $3.10M | $4.80M | $2.96M | $3.60M |
| Accounts Payable | $42.07M | $27.24M | $34.00M | $17.90M | - | - |
| Current Assets | $302.04M | $294.76M | $257.30M | $241.87M | $166.63M | $42.77M |
| Total Assets | $7.10B | $6.81B | $6.50B | $5.92B | $1.72B | $1.80B |
| Current Liabilities | $440.50M | $418.55M | $250.14M | $227.83M | $27.24M | $29.98M |
| Long-term Debt | $3.65B | $3.53B | $3.59B | $3.40B | $657.00M | $624.00M |
| Total Liabilities | $4.17B | $3.84B | $3.87B | $3.65B | $819.59M | $862.59M |
| Stockholders' Equity | ($565.38M) | ($2.98B) | ($530.82M) | ($839.77M) | ($577.25M) | ($246.47M) |
| Retained Earnings | ($806.12M) | ($2.98B) | ($723.52M) | ($958.63M) | ($577.25M) | ($391.04M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $604.12M | $637.35M | $584.48M | $613.01M | $209.72M | $164.29M |
| Investing Cash Flow | ($199.09M) | ($176.89M) | ($686.32M) | ($286.13M) | $8.78M | ($338.36M) |
| Financing Cash Flow | ($404.68M) | ($461.36M) | $99.96M | ($339.21M) | ($110.73M) | $192.27M |
| CapEx | $492.47M | $263.54M | $312.86M | $181.42M | $4.59M | $29.98M |
| Free Cash Flow | $111.65M | $373.80M | $271.62M | $431.58M | $205.13M | $134.31M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 9.3% | 12.1% | 12.7% | 36.7% | 40.8% | 41.5% |
| EBITDA margin | 31.0% | 33.9% | 35.0% | 100.2% | 50.9% | 52.3% |
| Net margin | 4.5% | 5.4% | 23.0% | 61.1% | 61.8% | 1.1% |
| Free cash flow margin | 6.3% | 25.2% | 21.6% | 105.2% | 127.7% | 90.5% |
| FCF / Net income | 1.40 | 4.67 | 0.94 | 1.72 | 2.07 | 84.42 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.4% | 9.0% | 7.8% | 23.0% | 8.8% | 8.9% |
| Effective tax rate | 38.8% | 22.4% | -412.0% | 1.0% | 0.0% | -77.8% |
| Return on assets | 1.1% | 1.2% | 4.5% | 4.2% | 5.8% | 0.1% |
| Return on equity | -14.2% | -2.7% | -54.5% | -29.9% | -17.2% | -0.6% |
| Return on invested capital | 3.3% | 25.1% | 5.2% | 5.8% | 82.3% | 16.3% |
| Liquidity | ||||||
| Current ratio | 0.69 | 0.70 | 1.03 | 1.06 | 6.12 | 1.43 |
| Quick ratio | 0.68 | 0.70 | 1.02 | 1.04 | 6.01 | 1.31 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.03 | 4.84 | 0.81 |
| Leverage | ||||||
| Debt / Equity | -6.46 | -1.19 | -6.77 | -4.04 | -1.14 | -2.53 |
| Debt / Assets | 0.51 | 0.52 | 0.55 | 0.57 | 0.38 | 0.35 |
| Debt / EBITDA | 6.67 | 7.01 | 8.16 | 8.26 | 8.03 | 8.05 |
| Interest coverage | 0.7x | 0.8x | 0.7x | 1.1x | 7.0x | 6.3x |
| Equity multiplier | -12.55 | -2.29 | -12.24 | -7.05 | -2.99 | -7.30 |
| Liabilities / Assets | 0.59 | 0.56 | 0.60 | 0.62 | 0.48 | 0.48 |
| Efficiency | ||||||
| Asset turnover | 0.25 | 0.22 | 0.19 | 0.07 | 0.09 | 0.08 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 18d | 28d | 63d | 158d | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 13.7x | 55.6x | 13.3x | 22.4x | - | 169.5x |
| P / B | - | - | - | - | - | - |
| P / S | 1.3x | 2.3x | 3.9x | 3.3x | 3.1x | 2.6x |
| EV / EBITDA | 10.8x | 13.8x | 19.2x | 11.6x | 12.5x | 12.7x |
| Growth | ||||||
| Revenue growth (YoY) | 19.0% | 18.0% | 206.3% | 155.4% | 8.2% | 9.3% |
| Revenue CAGR (3y) | 62.6% | 109.8% | 103.8% | 44.6% | 27.0% | - |
| Revenue CAGR (5y) | 64.1% | 61.3% | 74.2% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -8.0% | 12.5% | 5.8% | 129.4% | 6.5% | - |
| Net income growth (YoY) | 0.0% | -72.4% | 15.4% | 152.7% | 6136.4% | - |
| EPS growth (YoY) | 157.8% | -59.5% | 70.3% | - | - | - |
| EPS CAGR (3y) | 21.1% | - | 162.1% | - | - | - |
| EPS CAGR (5y) | 79.8% | - | - | - | - | - |
| FCF growth (YoY) | -70.1% | 37.6% | -37.1% | 110.4% | 52.7% | - |
| FCF CAGR (5y) | -3.6% | - | - | - | - | - |
| Book value growth (YoY) | 81.0% | -460.8% | 36.8% | -45.5% | -134.2% | 30.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.78B totalMidstream Logistics$1.75B · 98.6%
Pipeline Transportation$25.21M · 1.4%
Product / service
$5.26B totalProduct And Service$1.74B · 33.1%
Natural Gas NGLs And Condensate Sales$1.31B · 24.8%
Product$1.31B · 24.8%
Gathering And Processing Services$445.50M · 8.5%
Service$445.50M · 8.5%
Product And Service Other$11.66M · 0.2%
Minimum Volume Commitments$2.00M · 0.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.15
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing Kinetik Holdings Inc. against the 5 most active filers in the same SIC group.
Dividends
$3.18/share trailing 12 months · +2.9% YoY
| Ex-date | Per share |
|---|---|
| Apr 24, 2026 | $0.8100 |
| Feb 6, 2026 | $0.8100 |
| Oct 27, 2025 | $0.7800 |
| Jul 25, 2025 | $0.7800 |
| Apr 25, 2025 | $0.7800 |
| Feb 3, 2025 | $0.7800 |
| Oct 28, 2024 | $0.7800 |
| Jul 29, 2024 | $0.7500 |
| Apr 26, 2024 | $0.7500 |
| Feb 21, 2024 | $0.7500 |
| Nov 10, 2023 | $0.7500 |
| Aug 3, 2023 | $0.7500 |
| May 4, 2023 | $0.7500 |
| Feb 3, 2023 | $0.7500 |
| Nov 4, 2022 | $0.7500 |
| Aug 4, 2022 | $0.7500 |
| May 4, 2022 | $0.7500 |
| Nov 29, 2021 | $0.7500 |
| Aug 26, 2021 | $0.7500 |
| May 27, 2021 | $0.7500 |
| Feb 25, 2021 | $0.7500 |