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Kinetik Holdings (KNTK) | Financial Analysis & Statements

Kinetik Holdings Inc. | Mid-cap | Energy

$40.70

2.18%

Kinetik Holdings vs Enbridge Kinetik Holdings vs Williams Companies Kinetik Holdings vs Antero Midstream Kinetik Holdings vs South Bow Kinetik Holdings vs Frontline Plc Kinetik Holdings vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 443.3M

Gross Profit 127.2M 28.70%

Operating Income 19.2M 4.34%

Net Income 19.3M 4.35%

EPS (Diluted) $0.05

Balance Sheet Metrics

Total Assets 7.0B

Total Liabilities 4.1B

Shareholders Equity 2.9B

Debt to Equity 1.42

Cash Flow Metrics

Operating Cash Flow 134.3M

Free Cash Flow 95.4M

Revenue & Profitability Trend

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Kinetik Holdings Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	1.5B	1.3B	1.2B	662.0M	410.2M
Cost of Goods Sold i	944.8M	796.7M	801.9M	477.2M	288.8M
Gross Profit i	538.1M	459.7M	411.6M	184.9M	121.4M
Gross Margin % i	36.3%	36.6%	33.9%	27.9%	29.6%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	134.2M	97.9M	94.3M	28.6M	22.9M
Other Operating Expenses i	196.0M	161.5M	137.3M	90.9M	93.7M
Total Operating Expenses i	330.1M	259.4M	231.6M	119.5M	116.6M
Operating Income i	183.3M	178.7M	163.1M	53.9M	-6.2M
Operating Margin % i	12.4%	14.2%	13.4%	8.1%	-1.5%
Non-Operating Items
Interest Income i	2.8M	2.0M	489.0K	4.1M	608.0K
Interest Expense i	209.8M	199.7M	139.7M	104.0M	123.6M
Other Non-Operating Income	298.4M	178.7M	239.0M	62.7M	-1.0B
Pre-tax Income i	267.3M	153.5M	253.3M	3.3M	-1.2B
Income Tax i	23.0M	-232.9M	2.6M	1.9M	968.0K
Effective Tax Rate % i	8.6%	-151.7%	1.0%	55.7%	0.0%
Net Income i	244.2M	386.5M	250.7M	1.5M	-1.2B
Net Margin % i	16.5%	30.8%	20.7%	0.2%	-281.8%
Key Metrics
EBITDA i	716.0M	655.5M	604.9M	351.3M	205.9M
EPS (Basic) i	$1.03	$5.25	$1.48	$0.00	$0.00
EPS (Diluted) i	$1.02	$2.52	$1.48	$0.00	$0.00
Basic Shares Outstanding i	59284000	51823000	41326000	37792920	37792920
Diluted Shares Outstanding i	59284000	51823000	41326000	37792920	37792920

Income Statement Trend

Kinetik Holdings Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	3.6M	4.5M	6.4M	18.7M	19.6M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	111.9M	215.7M	204.0M	178.1M	91.6M
Inventory i	-	-	-	-	-
Other Current Assets	36.7M	29.3M	24.5M	20.7M	8.5M
Total Current Assets i	294.8M	257.3M	241.9M	217.5M	120.4M
Non-Current Assets
Property, Plant & Equipment i	29.8M	37.6M	28.6M	61.6M	2.0B
Goodwill i	662.6M	601.8M	705.5M	786.0M	921.8M
Intangible Assets i	652.5M	591.7M	695.4M	786.0M	921.8M
Long-term Investments	65.0K	165.0K	0	-	0
Other Non-Current Assets	281.0M	320.9M	32.3M	22.3M	23.6M
Total Non-Current Assets i	6.5B	6.2B	5.7B	3.3B	3.4B
Total Assets i	6.8B	6.5B	5.9B	3.6B	3.5B
Liabilities
Current Liabilities
Accounts Payable i	27.2M	34.0M	17.9M	12.2M	13.4M
Short-term Debt i	158.9M	29.2M	22.8M	86.1M	53.3M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	45.7M	9.5M	13.2M	7.0M	5.6M
Total Current Liabilities i	418.6M	250.1M	227.8M	240.9M	137.2M
Non-Current Liabilities
Long-term Debt i	3.4B	3.6B	3.4B	2.3B	2.3B
Deferred Tax Liabilities i	16.8M	13.2M	11.0M	7.2M	5.3M
Other Non-Current Liabilities	2.1M	3.2M	2.7M	3.1M	1.5M
Total Non-Current Liabilities i	3.4B	3.6B	3.4B	2.3B	2.4B
Total Liabilities i	3.8B	3.9B	3.6B	2.5B	2.5B
Equity
Common Stock i	15.0K	15.0K	14.0K	10.0K	-
Retained Earnings i	-3.0B	-723.5M	-958.6M	0	-
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	3.0B	2.6B	2.3B	1.0B	1.0B
Key Metrics
Total Debt i	3.5B	3.6B	3.4B	2.4B	2.4B
Working Capital i	-123.8M	7.2M	14.0M	-23.4M	-16.8M

Balance Sheet Composition

Kinetik Holdings Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	244.2M	386.5M	250.7M	1.5M	-1.2B
Depreciation & Amortization i	324.2M	281.0M	260.3M	243.6M	223.8M
Stock-Based Compensation i	76.5M	56.0M	42.8M	0	0
Working Capital Changes i	-40.5M	2.5M	-14.0M	-101.9M	-10.3M
Operating Cash Flow i	638.2M	505.3M	542.9M	159.5M	-930.3M
Investing Activities
Capital Expenditures i	-	-	-	-	-181.4M
Acquisitions i	94.5M	-363.4M	-64.6M	-16.9M	-306.5M
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	94.9M	-363.4M	-64.6M	-16.9M	-488.0M
Financing Activities
Share Repurchases i	0	-5.8M	0	0	0
Dividends Paid i	-175.2M	-81.4M	-41.1M	0	0
Debt Issuance i	1.2B	1.6B	3.6B	68.7M	375.6M
Debt Repayment i	-1.3B	-1.4B	-3.2B	-166.0M	-203.9M
Financing Cash Flow i	-461.4M	100.0M	-339.2M	-136.8M	475.7M
Free Cash Flow i	361.5M	254.9M	391.4M	152.9M	-97.0M
Net Change in Cash i	271.8M	241.8M	139.1M	5.8M	-942.6M

Cash Flow Trend

Kinetik Holdings Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 55.60

Forward P/E 17.42

Price to Book 0.89

Price to Sales 1.51

PEG Ratio -1.43

Profitability Ratios

Profit Margin 11.72%

Operating Margin 18.15%

Return on Equity 6.57%

Return on Assets 1.79%

Financial Health

Current Ratio 0.62

Debt to Equity 142.57

Beta 0.99

Per Share Data

EPS (TTM) $0.73

Book Value per Share $-24.64

Revenue per Share $27.38

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
kntk	2.5B	55.60	0.89	6.57%	11.72%	142.57
Enbridge	104.8B	23.39	1.78	9.92%	10.28%	147.94
Williams Companies	69.7B	28.82	5.62	17.39%	21.38%	192.99
Antero Midstream	8.8B	19.32	4.16	19.71%	35.13%	148.96
South Bow	5.7B	19.11	2.17	10.79%	14.68%	219.72
Frontline Plc	4.6B	13.06	1.96	14.79%	18.32%	157.61

Financial data is updated regularly. All figures are in the company's reporting currency.