NYSE : KNTK
Kinetik Holdings Inc. — Financial statements
Energy · Oil & Gas Midstream · United States
Last price 58.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.43B
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Financial statements
Kinetik Holdings Inc. (KNTK) reported revenue of 1.89B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.87B | 1.75B | 1.47B | 1.24B | 1.20B | 658.30M |
| Other Revenue | 14.06M | 11.66M | 11.94M | 16.25M | 13.18M | 3.75M |
| Revenue | 1.89B | 1.76B | 1.48B | 1.26B | 1.21B | 662.04M |
| Cost of Revenue | 1.11B | 1.05B | 816.39M | 677.24M | 678.81M | 324.51M |
| Gross Profit | 776.81M | 712.23M | 666.54M | 579.17M | 534.68M | 337.53M |
| Selling, General & Admin | 117.47M | 108.84M | 120.50M | 93.36M | 77.06M | 22.86M |
| Other Operating Expenses | 32.67M | 28.85M | 24.71M | 21.62M | 16.97M | 11.51M |
| Operating Expenses | 551.51M | 520.34M | 469.41M | 395.96M | 354.38M | 277.93M |
| Operating Income | 225.30M | 191.89M | 197.13M | 183.21M | 180.30M | 59.60M |
| Interest Expense | -228.68M | -233.37M | -217.24M | -205.85M | -149.25M | -117.36M |
| Interest & Investment Income | 866.00K | 1.51M | 1.99M | 2.00M | 489.00K | 115.00K |
| Earnings From Equity Investments | 218.74M | 226.35M | 213.19M | 200.01M | 180.96M | 63.07M |
| Other Non Operating Income (Expenses) | 64.00K | 2.47M | 814.00K | 4.03M | ||
| EBT Excluding Unusual Items | 216.29M | 188.85M | 195.89M | 179.37M | 212.50M | 9.46M |
| Merger & Restructuring Charges | -2.06M | -2.06M | -7.81M | -1.57M | -17.20M | -5.73M |
| Gain (Loss) on Sale of Investments | 415.41M | 415.41M | 89.80M | |||
| Gain (Loss) on Sale of Assets | -18.00K | -8.00K | -4.04M | -19.40M | -12.61M | -382.00K |
| Legal Settlements | -19.71M | -19.71M | -5.84M | -2.98M | ||
| Other Unusual Items | -5.19M | -5.83M | -725.00K | -1.88M | 70.66M | 4.00K |
| Pretax Income | 604.72M | 576.66M | 267.27M | 153.54M | 253.34M | 3.35M |
| Income Tax Expense | 54.48M | 50.73M | 23.04M | -232.91M | 2.62M | 1.86M |
| Net Income | 550.24M | 525.93M | 244.23M | 386.45M | 250.72M | 1.48M |
| Preferred Dividends & Other Adjustments | 364.80M | 360.89M | 183.05M | 114.42M | 189.62M | |
| Net Income to Common | 185.44M | 165.04M | 61.19M | 272.04M | 61.10M | 1.48M |
| Shares Outstanding (Basic) | 66.76M | 61.96M | 59.28M | 51.82M | 41.63M | 32.40M |
| Shares Outstanding (Diluted) | 67.54M | 62.66M | 60.12M | 146.20M | 41.66M | 32.40M |
| EPS (Basic) | 2.78 | 2.66 | 1.03 | 5.25 | 1.47 | 0.05 |
| EPS (Diluted) | 2.74 | 2.63 | 1.02 | 2.52 | 1.47 | 0.05 |
| Free Cash Flow | 156.84M | 111.65M | 373.80M | 271.62M | 406.85M | 157.54M |
| Free Cash Flow Per Share | 2.32 | 1.78 | 6.22 | 1.86 | 9.77 | 4.86 |
| Dividend Per Share | 3.21 | 3.15 | 3.06 | 3.00 | 3.00 | |
| Gross Margin | 41.19% | 40.37% | 44.95% | 46.10% | 44.06% | 50.98% |
| Operating Margin | 11.95% | 10.88% | 13.29% | 14.58% | 14.86% | 9.00% |
| Profit Margin | 9.83% | 9.35% | 4.13% | 21.65% | 5.04% | 0.22% |
| Free Cash Flow Margin | 8.32% | 6.33% | 25.21% | 21.62% | 33.53% | 23.80% |
| EBITDA | 626.68M | 574.53M | 521.33M | 464.19M | 440.65M | 303.16M |
| EBITDA Margin | 33.23% | 32.56% | 35.15% | 36.95% | 36.31% | 45.79% |
| D&A For EBITDA | 401.37M | 382.64M | 324.20M | 280.99M | 260.35M | 243.56M |
| EBIT | 225.30M | 191.89M | 197.13M | 183.21M | 180.30M | 59.60M |
| EBIT Margin | 11.95% | 10.88% | 13.29% | 14.58% | 14.86% | 9.00% |
| Effective Tax Rate | 9.01% | 8.80% | 8.62% | 1.03% | 55.72% | |
| Revenue as Reported | 1.89B | 1.76B | 1.48B | 1.26B | 1.21B | 662.04M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.83M | 3.95M | 3.61M | 4.51M | 6.39M | 18.73M |
| Trading Asset Securities | 3.45M | 4.00K | 504.00K | 4.31M | 2.70M | |
| Cash & Short-Term Investments | 11.28M | 3.96M | 4.11M | 8.82M | 9.09M | 18.73M |
| Receivables | 60.93M | 85.28M | 111.94M | 215.72M | 204.04M | 178.11M |
| Inventory | 4.60M | 3.60M | 3.10M | 4.80M | 2.10M | |
| Prepaid Expenses | 36.13M | 28.80M | 33.10M | 26.16M | 19.67M | 18.58M |
| Other Current Assets | 241.34M | 179.40M | 142.00M | 3.50M | 4.26M | |
| Total Current Assets | 349.69M | 302.04M | 294.76M | 257.30M | 241.87M | 217.52M |
| Property, Plant & Equipment | 3.99B | 3.94B | 3.46B | 2.78B | 2.56B | 1.90B |
| Long-Term Investments | 1.99B | 2.01B | 2.12B | 2.54B | 2.38B | 626.48M |
| Goodwill | 5.08M | 5.08M | 5.08M | 5.08M | 5.08M | |
| Other Intangible Assets | 493.56M | 553.23M | 652.49M | 591.67M | 695.39M | 786.05M |
| Long-Term Deferred Tax Assets | 281.57M | 197.70M | 204.00M | 235.63M | ||
| Long-Term Deferred Charges | 87.92M | 89.99M | 76.99M | 85.25M | 32.27M | 22.32M |
| Other Long-Term Assets | 1.80M | 1.47M | 65.00K | 165.00K | ||
| Total Assets | 7.20B | 7.10B | 6.81B | 6.50B | 5.92B | 3.55B |
| Accounts Payable | 48.64M | 42.07M | 27.24M | 34.00M | 17.90M | 12.22M |
| Accrued Expenses | 137.07M | 151.63M | 157.69M | 158.25M | 150.51M | 128.35M |
| Short-Term Debt | 225.00M | 165.20M | 140.20M | |||
| Current Portion of Long-Term Debt | 135.00K | 1.21M | 54.28M | |||
| Current Portion of Leases | 35.50M | 43.61M | 18.70M | 29.20M | 22.81M | 31.78M |
| Current Income Taxes Payable | 16.62M | 5.11M | 15.54M | 632.00K | 19.51M | 4.30M |
| Current Unearned Revenue | 5.25M | 5.67M | 5.68M | 6.48M | 6.61M | 3.08M |
| Other Current Liabilities | 44.31M | 27.07M | 52.30M | 21.58M | 10.49M | 6.92M |
| Total Current Liabilities | 512.40M | 440.50M | 418.55M | 250.14M | 227.83M | 240.93M |
| Long-Term Debt | 3.70B | 3.63B | 3.36B | 3.57B | 3.37B | 2.25B |
| Long-Term Leases | 16.02M | 29.03M | 11.49M | 9.35M | 6.02M | 29.89M |
| Long-Term Unearned Revenue | 37.82M | 30.96M | 20.98M | 25.76M | 22.69M | 11.67M |
| Long-Term Deferred Tax Liabilities | 22.82M | 22.30M | 16.76M | 13.24M | 11.02M | 7.19M |
| Other Long-Term Liabilities | 810.00K | 14.72M | 4.08M | 3.23M | 11.01M | 3.26M |
| Total Liabilities | 4.29B | 4.17B | 3.84B | 3.87B | 3.65B | 2.55B |
| Common Stock | 16.00K | 16.00K | 15.00K | 15.00K | 14.00K | 10.00K |
| Additional Paid-In Capital | 494.99M | 240.72M | 192.68M | 118.84M | ||
| Retained Earnings | -1.68B | -806.12M | -2.98B | -723.52M | -958.63M | |
| Comprehensive Income & Other | 1.00K | |||||
| Total Common Equity | -1.19B | -565.38M | -2.98B | -530.82M | -839.77M | 10.00K |
| Minority Interest | 4.10B | 3.50B | 5.96B | 3.16B | 3.11B | 1.01B |
| Shareholders' Equity | 2.91B | 2.93B | 2.98B | 2.63B | 2.27B | 1.01B |
| Total Liabilities & Equity | 7.20B | 7.10B | 6.81B | 6.50B | 5.92B | 3.55B |
| Total Debt | 3.98B | 3.87B | 3.54B | 3.61B | 3.40B | 2.37B |
| Net Cash (Debt) | -3.97B | -3.86B | -3.53B | -3.60B | -3.39B | -2.35B |
| Net Cash Per Share | -58.72 | -61.63 | -58.75 | -24.61 | -81.32 | -72.55 |
| Filing Date Shares Outstanding | 80.44M | 64.59M | 60.08M | 57.19M | 48.95M | 32.40M |
| Total Common Shares Outstanding | 78.94M | 64.08M | 59.93M | 57.10M | 45.68M | 32.40M |
| Working Capital | -162.71M | -138.47M | -123.80M | 7.16M | 14.04M | -23.41M |
| Book Value Per Share | -15.01 | -8.82 | -49.67 | -9.30 | -18.38 | 0.00 |
| Tangible Book Value | -1.68B | -1.12B | -3.63B | -1.13B | -1.54B | -786.04M |
| Tangible Book Value Per Share | -21.33 | -17.54 | -60.64 | -19.75 | -33.72 | -24.26 |
| Land | 39.03M | 35.55M | 30.71M | 23.85M | 21.48M | 19.63M |
| Machinery | 4.83B | 4.77B | 4.00B | 3.27B | 2.92B | 2.13B |
| Construction In Progress | 250.54M | 105.22M | 215.17M | 74.37M | 70.33M | 24.89M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 550.24M | 525.93M | 244.23M | 386.45M | 250.72M | 1.48M |
| Depreciation & Amortization | 401.37M | 382.64M | 324.20M | 280.99M | 260.35M | 243.56M |
| Other Amortization | 15.29M | 14.66M | 14.06M | 12.81M | 11.38M | 15.16M |
| Loss (Gain) From Sale of Assets | 18.00K | 8.00K | 4.04M | 19.40M | 12.61M | 382.00K |
| Loss (Gain) From Sale of Investments | -415.41M | -415.41M | -89.80M | |||
| Loss (Gain) on Equity Investments | 30.54M | 19.65M | 76.80M | 72.47M | 75.81M | 5.26M |
| Stock-Based Compensation | 62.00M | 62.62M | 76.54M | 55.98M | 42.78M | |
| Other Operating Activities | 47.85M | 31.65M | 30.68M | -239.57M | -65.32M | -5.74M |
| Change in Accounts Receivable | -33.72M | 1.66M | -7.03M | -12.13M | -8.33M | -88.49M |
| Change in Accounts Payable | 6.16M | 4.63M | -40.85M | 19.80M | -1.60M | -2.72M |
| Change in Other Net Operating Assets | -24.60M | -23.93M | 4.48M | -11.73M | 34.61M | 66.67M |
| Operating Cash Flow | 639.73M | 604.12M | 637.35M | 584.48M | 613.01M | 235.57M |
| Capital Expenditures | -482.90M | -492.47M | -263.54M | -312.86M | -206.16M | -78.03M |
| Sale of Property, Plant & Equipment | 249.00K | 227.00K | 409.00K | 358.00K | 219.00K | 3.61M |
| Cash Acquisitions | 682.00K | -175.48M | -341.18M | -125.00M | 13.40M | |
| Sale (Purchase) of Intangibles | -33.73M | -37.20M | -12.33M | -16.69M | -15.42M | -4.68M |
| Investment in Securities | 503.96M | 505.83M | 439.76M | -232.12M | -78.17M | -20.52M |
| Investing Cash Flow | -11.73M | -199.09M | -176.89M | -686.32M | -286.13M | -99.62M |
| Short-Term Debt Issued | 112.40M | 156.00M | ||||
| Long-Term Debt Issued | 3.03B | 1.06B | 1.55B | 3.56B | 68.69M | |
| Total Debt Issued | 927.00M | 3.14B | 1.22B | 1.55B | 3.56B | 68.69M |
| Short-Term Debt Repaid | -87.40M | -15.80M | ||||
| Long-Term Debt Repaid | -2.77B | -1.26B | -1.35B | -3.17B | -166.05M | |
| Total Debt Repaid | -933.30M | -2.85B | -1.28B | -1.35B | -3.17B | -166.05M |
| Net Debt Issued (Repaid) | -6.30M | 288.00M | -63.80M | 199.00M | 391.87M | -97.36M |
| Repurchase of Common Stock | -103.45M | -176.00M | -5.76M | |||
| Preferred Dividends Paid | -1.85M | |||||
| Common Dividends Paid | -516.27M | -500.05M | -395.98M | -82.05M | -40.53M | |
| Dividends Paid | -516.27M | -500.05M | -395.98M | -82.05M | -42.38M | |
| Other Financing Activities | -4.89M | -16.62M | -1.59M | -11.24M | -505.41M | -39.45M |
| Financing Cash Flow | -630.91M | -404.68M | -461.36M | 99.96M | -339.21M | -136.81M |
| Net Cash Flow | -2.90M | 345.00K | -904.00K | -1.88M | -12.34M | -862.00K |
| Free Cash Flow | 156.84M | 111.65M | 373.80M | 271.62M | 406.85M | 157.54M |
| Free Cash Flow Margin | 8.32% | 6.33% | 25.21% | 21.62% | 33.53% | 23.80% |
| Free Cash Flow Per Share | 2.32 | 1.78 | 6.22 | 1.86 | 9.77 | 4.86 |
| Levered Free Cash Flow | -95.45M | -130.00M | 121.69M | 6.29M | 128.50M | 110.93M |
| Unlevered Free Cash Flow | 39.68M | 7.99M | 250.02M | 128.76M | 212.21M | 170.91M |
| Cash Interest Paid | 217.35M | 216.07M | 244.60M | 207.70M | 120.27M | 108.39M |
| Cash Income Tax Paid | 1.23M | 3.64M | 560.00K | 480.00K | ||
| Change in Working Capital | -52.16M | -17.64M | -43.40M | -4.06M | 24.68M | -24.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.19B | 2.31B | 3.39B | 1.91B | 1.51B | |
| Enterprise Value | 13.16B | 10.92B | 11.62B | 8.77B | 8.04B | |
| Last Close Price | 56.60 | 33.69 | 49.50 | 27.04 | 24.38 | |
| PE Ratio | 20.67 | 13.99 | 55.38 | 7.01 | 24.73 | |
| Forward PE | 33.52 | 24.76 | 29.68 | 16.57 | 15.16 | |
| PS Ratio | 4.87 | 1.31 | 2.29 | 1.52 | 1.25 | |
| PB Ratio | 3.16 | 0.79 | 1.14 | 0.73 | 0.67 | |
| P/FCF Ratio | 58.60 | 20.67 | 9.06 | 7.02 | 3.71 | |
| P/OCF Ratio | 14.37 | 3.82 | 5.32 | 3.26 | 2.46 | |
| PEG Ratio | 2.08 | 1.98 | 2.37 | 0.25 | ||
| EV/Sales Ratio | 6.98 | 6.19 | 7.84 | 6.98 | 6.63 | |
| EV/EBITDA Ratio | 20.99 | 19.01 | 22.30 | 18.90 | 18.25 | |
| EV/EBIT Ratio | 58.39 | 56.91 | 58.96 | 47.88 | 44.61 | |
| EV/FCF Ratio | 83.89 | 97.81 | 31.09 | 32.29 | 19.77 | |
| Debt / Equity Ratio | 1.37 | 1.32 | 1.19 | 1.37 | 1.50 | 2.35 |
| Debt / EBITDA Ratio | 5.82 | 6.12 | 6.23 | 7.03 | 7.01 | 6.83 |
| Debt / FCF Ratio | 25.36 | 34.62 | 9.46 | 13.28 | 8.35 | 15.04 |
| Net Debt / Equity Ratio | 1.36 | 1.32 | 1.19 | 1.37 | 1.49 | 2.33 |
| Net Debt / EBITDA Ratio | 6.33 | 6.72 | 6.77 | 7.75 | 7.69 | 7.75 |
| Net Debt / FCF Ratio | 25.29 | 34.59 | 9.45 | 13.25 | 8.33 | 14.92 |
| Asset Turnover | 0.26 | 0.25 | 0.22 | 0.20 | 0.26 | 0.18 |
| Inventory Turnover | 256.62 | 243.70 | 171.45 | 196.76 | 216.34 | |
| Quick Ratio | 0.14 | 0.20 | 0.28 | 0.90 | 0.94 | 0.82 |
| Current Ratio | 0.68 | 0.69 | 0.70 | 1.03 | 1.06 | 0.90 |
| Return on Equity (ROE) | 19.23% | 17.80% | 8.71% | 15.78% | 15.29% | 0.14% |
| Return on Assets (ROA) | 1.96% | 1.72% | 1.85% | 1.84% | 2.38% | 1.04% |
| Return on Invested Capital (ROIC) | 3.01% | 2.63% | 2.83% | 3.08% | 3.96% | 0.77% |
| Return on Capital Employed (ROCE) | 3.40% | 2.90% | 3.10% | 2.90% | 3.20% | 1.80% |
| Earnings Yield | 4.84% | 22.79% | 7.21% | 20.27% | 16.59% | |
| FCF Yield | 1.71% | 4.84% | 11.03% | 14.24% | 26.92% | |
| Dividend Yield | 5.72% | 8.74% | 5.41% | 8.98% | 9.07% | |
| Payout Ratio | 118.32% | 95.08% | 162.13% | 21.23% | 16.90% | |
| Buyback Yield / Dilution | -10.35% | -4.24% | 58.88% | -250.89% | -28.60% | |
| Total Shareholder Return | -4.62% | 4.50% | 64.29% | -241.91% | -19.53% |