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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $409.98M | - | $463.97M | $426.74M | $443.26M | - | $396.36M | $359.46M | $341.39M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $44.20M | - | $30.10M | $24.24M | $37.59M | - | $29.62M | $31.09M | $34.14M | - |
| Total Operating Expenses | $79.08M | - | $61.70M | $74.60M | $49.70M | - | $323.49M | $302.87M | $315.29M | - |
| D&A | $101.83M | - | $95.41M | $93.76M | $92.67M | - | $87.58M | $75.06M | $73.61M | - |
| Operating Income | ($3.84M) | - | $19.79M | $77.45M | $19.28M | - | $72.87M | $56.59M | $26.10M | - |
| Interest Expense | $53.23M | - | $64.26M | $59.06M | $57.05M | - | $67.07M | $53.15M | $46.71M | - |
| Income Tax | ($778.0K) | - | $1.11M | $7.33M | $2.57M | - | $8.26M | $9.21M | $3.79M | - |
| Net Income | $6.13M | - | $5.26M | $23.64M | $6.13M | - | $265.68M | $234.40M | $233.56M | - |
| EPS - Basic | ($0.07) | - | $0.03 | $0.33 | $0.05 | - | $0.35 | $0.54 | $0.12 | - |
| EPS - Diluted | ($0.07) | - | $0.03 | $0.33 | $0.05 | - | $0.35 | $0.54 | $0.12 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $720.0K | $3.95M | $7.74M | $10.73M | $8.85M | $3.61M | $20.44M | $12.55M | $9.76M | $4.51M |
| Accounts Receivable | $92.71M | $85.28M | $77.36M | $62.91M | $122.53M | $111.94M | $65.61M | $94.44M | $209.88M | $215.72M |
| Inventory | - | $4.60M | - | - | - | $3.60M | - | - | - | $3.10M |
| Accounts Payable | $28.67M | $42.07M | $31.61M | $36.57M | $38.67M | $27.24M | $17.16M | $44.46M | $16.47M | $34.00M |
| Current Assets | $318.80M | $302.04M | $315.07M | $312.63M | $315.00M | $294.76M | $285.88M | $299.30M | $257.29M | $257.30M |
| Total Assets | $7.11B | $7.10B | $7.20B | $7.15B | $7.03B | $6.81B | $6.86B | $6.86B | $6.45B | $6.50B |
| Current Liabilities | $537.07M | $440.50M | $504.32M | $501.82M | $475.32M | $418.55M | $398.68M | $398.87M | $233.95M | $250.14M |
| Long-term Debt | $3.67B | $3.65B | $3.98B | $3.77B | $3.60B | $3.53B | $3.31B | $3.29B | $3.55B | $3.59B |
| Total Liabilities | $4.27B | $4.17B | $4.58B | $4.34B | $4.13B | $3.84B | $3.80B | $3.78B | $3.80B | $3.87B |
| Stockholders' Equity | ($1.67B) | ($565.38M) | ($1.78B) | ($1.57B) | ($2.55B) | ($2.98B) | ($1.72B) | ($1.21B) | ($973.44M) | ($530.82M) |
| Retained Earnings | ($1.67B) | ($806.12M) | ($2.00B) | ($1.78B) | ($2.62B) | ($2.98B) | ($1.72B) | ($1.21B) | ($973.45M) | ($723.52M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $180.43M | - | - | - | $176.83M | - | - | - | $153.71M | - |
| Investing Cash Flow | ($89.13M) | - | - | - | ($260.14M) | - | - | - | ($61.98M) | - |
| Financing Cash Flow | ($94.53M) | - | - | - | $88.55M | - | - | - | ($86.48M) | - |
| CapEx | $83.03M | - | - | - | $74.55M | - | - | - | $57.98M | - |
| Free Cash Flow | $97.40M | - | - | - | $102.28M | - | - | - | $95.73M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -0.9% | - | 4.3% | 18.2% | 4.3% | - | 18.4% | 15.7% | 7.6% | - |
| EBITDA margin | 23.9% | - | 24.8% | 40.1% | 25.3% | - | 40.5% | 36.6% | 29.2% | - |
| Net margin | 1.5% | - | 1.1% | 5.5% | 1.4% | - | 67.0% | 65.2% | 68.4% | - |
| Free cash flow margin | 23.8% | - | - | - | 23.1% | - | - | - | 28.0% | - |
| FCF / Net income | 15.89 | - | - | - | 16.69 | - | - | - | 0.41 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.8% | - | 6.5% | 5.7% | 8.5% | - | 7.5% | 8.6% | 10.0% | - |
| Effective tax rate | -14.5% | - | 17.4% | 23.7% | 29.5% | - | 3.0% | 3.8% | 1.6% | - |
| Return on assets | 0.1% | - | 0.1% | 0.3% | 0.1% | - | 3.9% | 3.4% | 3.6% | - |
| Return on equity | -0.4% | - | -0.3% | -1.5% | -0.2% | - | -15.4% | -19.4% | -24.0% | - |
| Return on invested capital | -0.2% | - | 0.7% | 2.7% | 1.3% | - | 4.5% | 2.6% | 1.0% | - |
| Liquidity | ||||||||||
| Current ratio | 0.59 | 0.69 | 0.62 | 0.62 | 0.66 | 0.70 | 0.72 | 0.75 | 1.10 | 1.03 |
| Quick ratio | 0.59 | 0.68 | 0.62 | 0.62 | 0.66 | 0.70 | 0.72 | 0.75 | 1.10 | 1.02 |
| Cash ratio | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.05 | 0.03 | 0.04 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | -2.20 | -6.46 | -2.24 | -2.40 | -1.41 | -1.19 | -1.92 | -2.72 | -3.64 | -6.77 |
| Debt / Assets | 0.52 | 0.51 | 0.55 | 0.53 | 0.51 | 0.52 | 0.48 | 0.48 | 0.55 | 0.55 |
| Debt / EBITDA | 37.43 | - | 34.58 | 21.99 | 32.11 | - | 20.61 | 24.97 | 35.57 | - |
| Interest coverage | -0.1x | - | 0.3x | 1.3x | 0.3x | - | 1.1x | 1.1x | 0.6x | - |
| Equity multiplier | -4.26 | -12.55 | -4.06 | -4.57 | -2.76 | -2.29 | -3.99 | -5.68 | -6.62 | -12.24 |
| Liabilities / Assets | 0.60 | 0.59 | 0.64 | 0.61 | 0.59 | 0.56 | 0.55 | 0.55 | 0.59 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.06 | 0.06 | 0.06 | - | 0.06 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 83d | - | 61d | 54d | 101d | - | 60d | 96d | 224d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 1424.7x | 133.5x | 1038.8x | - | 129.3x | 76.7x | 332.2x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 7.9x | - | 5.8x | 6.4x | 7.1x | - | 6.9x | 6.9x | 6.8x | - |
| EV / EBITDA | 70.4x | - | 57.7x | 37.9x | 60.3x | - | 37.5x | 43.8x | 58.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.5% | - | 17.1% | 18.7% | 29.8% | - | 20.0% | 21.4% | 21.5% | - |
| Revenue CAGR (3y) | 13.4% | - | 12.6% | 8.3% | 19.9% | - | 125.5% | 124.9% | 115.4% | - |
| Revenue CAGR (5y) | 64.4% | - | 63.1% | - | 61.2% | - | 63.4% | 71.6% | 58.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -72.8% | 36.9% | -26.1% | - | 89.8% | 51.1% | -4.3% | - |
| Net income growth (YoY) | 0.0% | - | -98.0% | -89.9% | -97.4% | - | 23.4% | 12.7% | 65.9% | - |
| EPS growth (YoY) | - | - | -91.4% | -38.9% | -58.3% | - | 66.7% | 31.7% | - | - |
| EPS CAGR (3y) | - | - | -69.3% | 76.5% | -38.0% | - | -34.8% | -25.6% | 33.9% | - |
| EPS CAGR (5y) | - | - | -36.9% | - | - | - | - | - | 64.4% | - |
| FCF growth (YoY) | -4.8% | - | - | - | 6.8% | - | - | - | 57.6% | - |
| FCF CAGR (5y) | - | - | - | - | 25.8% | - | - | - | - | - |
| Book value growth (YoY) | 34.5% | 81.0% | -3.2% | -29.7% | -161.9% | -460.8% | -105.3% | -33.2% | -53.0% | 36.8% |
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%
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 |