Kinetik Holdings Inc. (KNTK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.15	-$0.53	-453.3%	—	$581.4M	—
Q1 26	$0.24	$0.77	+220.8%	—	$410M	—
Q4 25	$0.34	$2.18	+541.2%	—	$430.4M	—
Q3 25	$0.28	$0.52	+85.7%	—	$464M	—
Q2 25	$0.37	$0.5	+35.1%	—	$426.7M	—
Q1 25	$0.35	$0.26	-25.7%	—	$443.3M	—
Q4 24	$0.37	$0.34	-8.1%	—	$385.7M	—
Q3 24	$0.41	$0.33	-19.5%	—	$396.4M	—
Q2 24	$0.57	$1.79	+214.0%	—	$359.5M	—
Q1 24	$0.89	$0.38	-57.3%	—	$341.4M	—
Q4 23	$0.63	$1.88	+198.4%	—	$348.9M	—
Q3 23	$0.58	$0.21	-63.8%	—	$330.3M	—
Q2 23	$0.5	$0.41	-18.0%	—	$296.2M	—
Q1 23	$0.49	-$0.06	-112.2%	—	$281M	—
Q4 22	$0.66	$0.25	-62.1%	—	$295.5M	—
Q3 22	$0.62	$1.04	+67.7%	—	$325.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.66	—	—	$1.8B	—
FY24	—	$1.03	—	—	$1.5B	—
FY23	—	$5.25	—	—	$1.3B	—
FY22	—	$1.48	—	—	$1.2B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$571.4M	$378.7M	$410.2M	$662M	$1.2B	$1.3B	$1.5B	$1.8B
YoY change	—	-33.7%	+8.3%	+61.4%	+83.3%	+3.54%	+18%	+19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	571.4M	378.7M	410.2M	662M	1.2B	1.3B	1.5B	1.8B
Cost of revenue	532.7M	272.9M	288.8M	477.2M	801.9M	796.7M	944.8M	1.2B
Gross profit	38.7M	105.8M	121.4M	184.9M	411.6M	459.7M	538.1M	595.8M
Gross margin	6.78%	27.9%	29.6%	27.9%	33.9%	36.6%	36.3%	33.8%
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	19.4M	22.6M	22.9M	28.6M	94.3M	97.9M	134.2M	130.6M
Operating expenses	60.6M	108.1M	116.6M	119.5M	231.6M	259.4M	330.1M	402M
Operating income	-26.4M	-10.5M	-6.2M	53.9M	163.1M	178.7M	183.3M	164.9M
Operating margin	-4.62%	-2.77%	-1.52%	8.14%	13.4%	14.2%	12.4%	9.35%
Non-operating income, net	-31K	2.2M	-1B	62.7M	239M	178.7M	298.4M	641.1M
Pretax income	-109M	-140.1M	-1.2B	3.3M	253.3M	153.5M	267.3M	576.7M
Income tax	0	4.4M	968K	1.9M	2.6M	-232.9M	23M	50.7M
Net income	-109M	-144.4M	-1.2B	1.5M	250.7M	386.5M	244.2M	525.9M
Net margin	-19.1%	-38.1%	-281.8%	0.22%	20.7%	30.8%	16.5%	29.8%
EBITDA	91M	194.3M	205.9M	351.3M	604.9M	655.5M	716M	770M
EPS	-2.88	-3.82	0	0	1.48	5.25	1.03	2.66
Diluted EPS	-2.88	-3.82	0	0	1.48	2.52	1.02	2.63

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	330.3M	348.9M	341.4M	359.5M	396.4M	385.7M	443.3M	426.7M	464M	430.4M	410M	581.4M
Cost of revenue	217.7M	214.3M	227.3M	221.6M	232.2M	263.8M	316M	250.5M	330.8M	271.3M	290.6M	340.9M
Gross profit	112.6M	134.5M	114.1M	137.9M	164.2M	121.9M	127.2M	176.3M	133.2M	159.1M	119.4M	240.5M
Gross margin	34.1%	38.6%	33.4%	38.4%	41.4%	31.6%	28.7%	41.3%	28.7%	37%	29.1%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	22.8M	24.8M	34.1M	31.1M	29.6M	39.3M	37.6M	24.2M	30.1M	38.7M	44.2M	26.3M
Operating expenses	65.7M	67.5M	77.5M	75.2M	85.4M	92M	101.2M	92.3M	106.2M	102.3M	114.5M	98.2M
Operating income	41.3M	60.4M	30.3M	56.5M	72.9M	23.6M	19.2M	77.4M	19.8M	48.4M	-3.9M	133.9M
Operating margin	12.5%	17.3%	8.87%	15.7%	18.4%	6.12%	4.34%	18.1%	4.28%	11.2%	-0.94%	23%
Non-operating income, net	47.8M	47.1M	56.3M	115.4M	83.2M	43.5M	57.5M	58.1M	58.2M	467.3M	51.2M	57.4M
Pretax income	44.4M	32.4M	39.2M	118.2M	91.9M	18M	21.8M	81.7M	16.7M	456.4M	-5.9M	137.5M
Income tax	1.3M	-234.9M	3.8M	9.2M	8.3M	1.8M	2.6M	7.3M	1.1M	39.7M	-778K	14.4M
Net income	43.1M	267.4M	35.4M	108.9M	83.7M	16.2M	19.3M	74.4M	15.5M	416.7M	-5.1M	123.1M
Net margin	13.1%	76.6%	10.4%	30.3%	21.1%	4.21%	4.35%	17.4%	3.35%	96.8%	-1.25%	21.2%
EBITDA	160.8M	185.1M	162.7M	186M	213.7M	153.7M	168.2M	230.6M	171.9M	199.3M	147.4M	293M
EPS	0.21	1.7	0.12	0.54	0.35	0.01	0.05	0.33	0.03	2.18	-0.07	0.65
Diluted EPS	0.21	1.7	0.12	0.54	0.35	0.01	0.05	0.33	0.03	2.16	-0.07	0.64

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	—	—	—	8.7B
Enterprise value	—	—	—	—	—	—	—	—	12.2B
Shares outstanding	37.8M	37.8M	37.8M	37.8M	41.3M	51.8M	59.3M	62M	62M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	17.9
P/S	—	—	—	—	—	—	—	—	4.59
P/B	—	—	—	—	—	—	—	—	1.32
EV/EBITDA	—	—	—	—	—	—	—	—	19.4
EV/Sales	—	—	—	—	—	—	—	—	6.46
Earnings yield	—	—	—	—	—	—	—	—	5.58%
FCF yield	—	—	—	—	—	—	—	—	-1.1%
PEG	—	—	—	—	—	—	—	—	0.18

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	6.78%	27.9%	29.6%	27.9%	33.9%	36.6%	36.3%	33.8%	41.4%
Operating margin	-4.62%	-2.77%	-1.52%	8.14%	13.4%	14.2%	12.4%	9.35%	23%
Net margin	-19.1%	-38.1%	-281.8%	0.22%	20.7%	30.8%	16.5%	29.8%	29.2%
ROE	—	-7.54%	-110.8%	0.15%	11%	14.7%	8.2%	17.9%	19.2%
ROA	—	-3.34%	-32.6%	0.04%	4.24%	5.95%	3.58%	7.41%	1.96%
ROIC	—	-0.26%	-0.18%	0.71%	2.85%	2.87%	2.57%	2.21%	2.62%
Return on tangible assets	—	-62%	-68%	0.07%	5.55%	7.29%	4.44%	8.8%	8.87%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	0.75	0.88	0.9	1.06	1.03	0.7	0.69	0.68
Quick ratio	—	0.75	0.88	0.9	1.06	1.03	0.7	0.69	0.68
Debt / equity	—	1.15	2.3	2.35	1.49	1.37	1.19	1.32	1.37
Debt / assets	—	0.51	0.68	0.67	0.57	0.55	0.52	0.54	0.55
Net debt / EBITDA	—	11.1	11.5	6.69	5.61	5.49	4.93	5.01	4.89
Interest coverage	-0.31	-0.05	-8.34	1.03	2.81	1.77	2.27	3.56	3.74
Effective tax rate	0%	0%	0%	55.7%	1.03%	0%	8.62%	8.8%	9.01%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	15.1	10	10.9	17.5	29.4	24.2	25	28.5	28.2
EPS (basic)	-2.88	-3.82	0	0	1.48	5.25	1.03	2.66	2.66
EPS (diluted)	-2.88	-3.82	0	0	1.48	2.52	1.02	2.63	2.86
Book value per share	—	50.7	27.6	26.6	55	50.7	50.3	47.3	-15
FCF per share	-5.69	-8.26	-2.57	4.04	9.47	4.92	6.1	1.2	1.62
Cash per share	—	1.33	0.52	0.5	0.15	0.09	0.06	0.06	0.14
Capex per share	4.22	8.71	4.8	—	—	—	—	8.55	6.81

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	27.9%	86.9%	44.2%	—	—	—	—	30%	27.4%
Capex / operating cash flow	2.5K%	1.2K%	-19.5%	—	—	—	—	87.7%	80.8%
Payout ratio	0%	-200.3%	0%	0%	16.4%	21.1%	71.7%	36.8%	111.2%
Dividend yield	—	—	—	—	—	—	—	—	6.33%

Yield

6.33%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.81

ex-dividend Jul 24, 2026

Payout ratio

111%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 24, 2026	$0.81
Apr 24, 2026	$0.81
Feb 6, 2026	$0.81
Oct 27, 2025	$0.78
Jul 25, 2025	$0.78
Apr 25, 2025	$0.78
Feb 3, 2025	$0.78
Oct 28, 2024	$0.78

Split history

Date

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	50.3M	19.6M	18.7M	6.4M	4.5M	3.6M	4M
Receivables	82.3M	91.6M	178.1M	204M	215.7M	111.9M	85.3M
Inventory	—	—	—	—	—	—	—
Total current assets	138.2M	120.4M	217.5M	241.9M	257.3M	294.8M	302M
Property, plant & equipment	3.6B	3.9B	1.9B	2.6B	2.8B	3.5B	3.9B
Goodwill & intangibles	4.1B	1.8B	1.6B	1.4B	1.2B	1.3B	1.1B
Total assets	4.3B	3.5B	3.6B	5.9B	6.5B	6.8B	7.1B
Accounts payable	15.6M	13.4M	12.2M	17.9M	34M	27.2M	42.1M
Short-term debt	10.5M	53.3M	86.1M	22.8M	29.2M	158.9M	208.8M
Total current liabilities	184.2M	137.2M	240.9M	227.8M	250.1M	418.6M	440.5M
Long-term debt	2.2B	2.3B	2.3B	3.4B	3.6B	3.4B	3.7B
Total liabilities	2.4B	2.5B	2.5B	3.6B	3.9B	3.8B	4.2B
Shareholders' equity	1.9B	1B	1B	2.3B	2.6B	3B	2.9B
Total debt	2.2B	2.4B	2.4B	3.4B	3.6B	3.5B	3.9B
Net debt	2.2B	2.4B	2.4B	3.4B	3.6B	3.5B	3.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	68K	4.5M	9.8M	12.5M	20.4M	3.6M	8.8M	10.7M	7.7M	4M	720K	7.8M
Receivables	230.6M	215.7M	209.9M	94.4M	65.6M	111.9M	122.5M	62.9M	77.4M	85.3M	92.7M	60.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	288.5M	257.3M	257.3M	299.3M	285.9M	294.8M	315M	312.6M	315.1M	302M	318.8M	349.7M
Property, plant & equipment	2.8B	2.8B	2.8B	3.2B	3.3B	3.5B	3.7B	3.8B	3.9B	3.9B	3.9B	4B
Goodwill & intangibles	1.3B	1.2B	1.1B	1.9B	1.8B	1.3B	1.3B	1.2B	1.2B	1.1B	1.1B	997.3M
Total assets	6.3B	6.5B	6.4B	6.9B	6.9B	6.8B	7B	7.2B	7.2B	7.1B	7.1B	7.2B
Accounts payable	17.6M	34M	16.5M	44.5M	17.2M	27.2M	38.7M	36.6M	31.6M	42.1M	28.7M	48.6M
Short-term debt	33.4M	29.2M	25M	181.8M	175.5M	158.9M	164.6M	231.8M	223.1M	208.8M	227.1M	260.5M
Total current liabilities	251.1M	250.1M	234M	398.9M	398.7M	418.6M	475.3M	501.8M	504.3M	440.5M	537.1M	512.4M
Long-term debt	3.6B	3.6B	3.5B	3.3B	3.3B	3.4B	3.6B	3.8B	4B	3.7B	3.7B	3.7B
Total liabilities	3.9B	3.9B	3.8B	3.8B	3.8B	3.8B	4.1B	4.3B	4.6B	4.2B	4.3B	4.3B
Shareholders' equity	2.4B	2.6B	2.7B	3.1B	3.1B	3B	2.9B	2.8B	2.6B	2.9B	2.8B	2.9B
Total debt	3.7B	3.6B	3.5B	3.5B	3.5B	3.5B	3.8B	4B	4.2B	3.9B	3.9B	4B
Net debt	3.7B	3.6B	3.5B	3.4B	3.4B	3.5B	3.7B	4B	4.2B	3.9B	3.9B	4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-109M	-144.4M	-1.2B	1.5M	250.7M	386.5M	244.2M	525.9M
Depreciation & amortization	116.9M	202.7M	223.8M	243.6M	260.3M	281M	324.2M	382.6M
Stock-based compensation	876K	3.8M	0	0	42.8M	56M	76.5M	62.6M
Change in working capital	-9M	-41.6M	-10.3M	-101.9M	-14M	2.5M	-40.5M	-5M
Operating cash flow	6.5M	27.6M	-930.3M	159.5M	542.9M	505.3M	638.2M	604.1M
Capital expenditure	-159.6M	-329.3M	-181.4M	—	—	—	—	-529.7M
Investing cash flow	-1.3B	-685.5M	-488M	-16.9M	-64.6M	-363.4M	94.9M	-201.9M
Dividends paid	0	-289.3M	0	0	-41.1M	-81.4M	-175.2M	-193.7M
Share repurchases	—	—	0	0	0	-5.8M	0	-176M
Financing cash flow	1.3B	462.8M	475.7M	-136.8M	-339.2M	100M	-461.4M	-404.7M
Net change in cash	57.5M	-195.2M	-942.6M	5.8M	139.1M	241.8M	271.8M	-2.5M
Free cash flow	-214.9M	-312.3M	-97M	152.9M	391.4M	254.9M	361.5M	74.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	43.1M	267.4M	35.4M	108.9M	83.7M	16.2M	19.3M	74.4M	15.5M	416.7M	-5.1M	123.1M
Depreciation & amortization	69.9M	72.7M	73.6M	75.1M	87.6M	87.9M	92.7M	93.8M	95.4M	100.8M	101.8M	103.3M
Stock-based compensation	12.5M	12.6M	22.6M	15.1M	15.2M	23.7M	20.7M	9.7M	14.2M	18M	20.7M	9.1M
Change in working capital	-52.5M	35.9M	-13.3M	-18.8M	2.3M	-10.7M	-4.4M	12.2M	-17.4M	4.7M	-50M	-13.3M
Operating cash flow	77.4M	156.8M	125.3M	192.6M	201M	119.3M	134.3M	129.1M	188.1M	110.1M	180.4M	161.1M
Capital expenditure	—	—	—	—	—	—	—	-135.9M	-171.8M	-140.4M	-89.2M	-115.2M
Investing cash flow	-47.9M	-35.9M	-3M	144.9M	-47.3M	76K	-179.2M	-133.9M	-171.3M	363.8M	-89.1M	-115.2M
Dividends paid	-21.8M	-23.3M	-38.7M	-44.8M	-44.9M	-46.8M	-47M	-48M	-48.6M	-50.2M	-52.3M	-59.9M
Share repurchases	0	0	0	0	0	0	—	—	-100M	-3.5M	—	—
Financing cash flow	-42M	-70.7M	-86.5M	-378M	-97M	-49.8M	88.5M	76.8M	-19.8M	-477.7M	-94.5M	-38.9M
Net change in cash	-12.6M	50.1M	35.8M	-40.6M	56.7M	69.5M	43.6M	72.1M	-3M	-3.8M	-3.2M	7M
Free cash flow	87.8M	110.2M	93.5M	85.6M	150.7M	31.7M	95.4M	-6.9M	16.3M	-30.3M	91.3M	45.9M

Jun 9, 2022	2:1
Jul 1, 2020	1:20

Kinetik Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement