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KNTK logoKinetik Holdings Inc.(KNTK)Earnings, Financials & Key Ratios

KNTK•NASDAQ
$48.22
$4.71B mkt cap·Price updated May 6, 2026
SectorEnergyIndustryMidstream Oil & GasSub-IndustryGas Gathering, Processing and NGLs
AboutKinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas.Show more
  • Revenue$1.76B+19.0%
  • EBITDA$548M+8.8%
  • Net Income$526M+115.3%
  • EPS (Diluted)0.00-100.0%
  • EBITDA Margin31.03%-8.6%
  • Operating Margin9.35%-22.7%
  • Net Margin29.81%+81.0%
  • ROE17.8%+104.3%
  • ROIC1.84%-12.7%
  • Debt/Equity1.36+14.6%
Technical→

KNTK Key Insights

Kinetik Holdings Inc. (KNTK) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FCF machine: 34.2% free cash flow margin
  • ✓Strong 5Y sales CAGR of 33.9%
  • ✓Healthy 5Y average net margin of 17.7%
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KNTK Price & Volume

Kinetik Holdings Inc. (KNTK) stock price & volume — 10-year historical chart

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KNTK Growth Metrics

Kinetik Holdings Inc. (KNTK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years33.88%
3 Years13.29%
TTM18.98%

Profit CAGR

10 Years-
5 Years-
3 Years57.15%
TTM115.34%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-59.61%

Return on Capital

10 Years-3.74%
5 Years2.58%
3 Years2.66%
Last Year2.48%

KNTK Recent Earnings

Kinetik Holdings Inc. (KNTK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 25, 2026
EPS
$2.16
Est $0.27
+692.1%
Revenue
$430M
Est $433M
-0.7%
Q4 2025
Nov 5, 2025
EPS
$0.23
Est $0.23
+0.0%
Revenue
$464M
Est $463M
+0.1%
Q3 2025
Aug 6, 2025
EPS
$0.33
Est $0.14
+135.7%
Revenue
$427M
Est $394M
+8.2%
Q2 2025
May 7, 2025
EPS
$0.05
Est $0.23
-78.3%
Revenue
$443M
Est $402M
+10.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$2.16vs $0.27+692.1%
$430Mvs $433M-0.7%
Q4 2025Nov 5, 2025
$0.23vs $0.23+0.0%
$464Mvs $463M+0.1%
Q3 2025Aug 6, 2025
$0.33vs $0.14+135.7%
$427Mvs $394M+8.2%
Q2 2025May 7, 2025
$0.05vs $0.23-78.3%
$443Mvs $402M+10.1%
Based on last 12 quarters of dataView full earnings history →

KNTK Peer Comparison

Kinetik Holdings Inc. (KNTK) competitors in Gas Gathering, Processing and NGLs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HESM logoHESMHess Midstream LPDirect Competitor7.96B38.2213.368.67%21.79%74.89%9.14%8.61
DKL logoDKLDelek Logistics Partners, LPDirect Competitor2.72B51.2415.537.73%16%19.17%5.75
WES logoWESWestern Midstream Partners, LPProduct Competitor16.83B41.2513.576.61%29.9%33.46%8.7%2.14
TRGP logoTRGPTarga Resources Corp.Product Competitor53.6B249.5029.283.06%9.44%58.24%7.31%5.45
AM logoAMAntero Midstream CorporationProduct Competitor10.05B21.1624.606.99%31.94%20.38%7.66%1.63
DT logoDTDynatrace, Inc.Product Competitor11.45B38.2124.0318.75%9.55%6.71%3.79%0.03
MPLX logoMPLXMPLX LpProduct Competitor56.51B55.6611.558.37%37.54%32.81%7.26%1.80
CTRA logoCTRACoterra Energy Inc.Product Competitor24.72B32.5514.47-49.62%23.34%11.77%6.61%0.27

Compare KNTK vs Peers

Kinetik Holdings Inc. (KNTK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HESM

Most directly comparable listed peer for KNTK.

Scale Benchmark

vs CVX

Larger-name benchmark to compare KNTK against a more recognizable public peer.

Peer Set

Compare Top 5

vs HESM, DKL, WES, TRGP

KNTK Income Statement

Kinetik Holdings Inc. (KNTK) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue15.14M571.37M378.74M410.18M662.04M1.21B1.26B1.48B1.76B
Revenue Growth %-3673.42%-33.71%8.3%61.4%83.29%3.54%18.03%18.98%
Cost of Goods Sold22.59M532.66M272.94M288.82M477.18M801.86M796.71M944.82M0
COGS % of Revenue149.17%93.22%72.06%70.41%72.08%66.08%63.41%63.71%-
Gross Profit
-7.45M▲ 0%
38.71M▲ 619.9%
105.81M▲ 173.3%
121.36M▲ 14.7%
184.87M▲ 52.3%
411.63M▲ 122.7%
459.7M▲ 11.7%
538.11M▲ 17.1%
0▼ 100.0%
Gross Margin %-49.17%6.78%27.94%29.59%27.92%33.92%36.59%36.29%-
Gross Profit Growth %-619.9%173.32%14.7%52.33%122.66%11.68%17.06%-100%
Operating Expenses4.09M65.11M117.88M1.14B131.38M261.14M300.45M358.88M271.4M
OpEx % of Revenue27%11.4%31.12%278.38%19.84%21.52%23.91%24.2%15.38%
Selling, General & Admin3.99M19.41M22.6M22.92M28.59M94.27M97.91M134.16M130.62M
SG&A % of Revenue26.36%3.4%5.97%5.59%4.32%7.77%7.79%9.05%7.4%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses045.7M95.28M1.12B102.79M166.87M202.54M224.72M140.79M
Operating Income
-11.53M▲ 0%
-26.4M▼ 128.9%
-12.07M▲ 54.3%
-1.02B▼ 8351.1%
53.49M▲ 105.2%
150.49M▲ 181.3%
159.25M▲ 5.8%
179.23M▲ 12.5%
164.92M▼ 8.0%
Operating Margin %-76.17%-4.62%-3.19%-248.79%8.08%12.4%12.68%12.09%9.35%
Operating Income Growth %--128.9%54.26%-8351.12%105.24%181.34%5.83%12.54%-7.99%
EBITDA-5.54M90.55M190.59M-796.71M297.05M410.83M440.24M503.43M547.56M
EBITDA Margin %-36.61%15.85%50.32%-194.24%44.87%33.86%35.04%33.95%31.03%
EBITDA Growth %-1733.5%110.49%-518.03%137.28%38.31%7.16%14.35%8.77%
D&A (Non-Cash Add-back)5.99M116.95M202.66M223.76M243.56M260.35M280.99M324.2M382.64M
EBIT-11.53M-25.93M-6.54M-1.03B107.34M393.02M353.2M477.06M0
Net Interest Income0-82.55M-131.8M-2.18M-99.85M-148.76M-197.66M-207M0
Interest Income544.02K01.74M9K4.14M489K2M2.8M0
Interest Expense083.06M133.53M2.19M104M149.25M199.66M209.8M-233.37M
Other Income/Expense0-82.58M-128M-134.35M-50.14M102.85M-5.71M88.03M411.74M
Pretax Income
-11.53M▲ 0%
-10.74M▲ 6.9%
-140.07M▼ 1204.2%
-1.15B▼ 724.4%
3.35M▲ 100.3%
253.34M▲ 7469.1%
153.54M▼ 39.4%
267.27M▲ 74.1%
576.66M▲ 115.8%
Pretax Margin %-76.17%-1.88%-36.98%-281.54%0.51%20.88%12.22%18.02%32.68%
Income Tax7.04M476K4.36M968K1.86M2.62M-232.91M23.04M50.73M
Effective Tax Rate %-61.05%-4.43%-3.11%-0.08%55.72%1.03%-151.69%8.62%8.8%
Net Income
-18.57M▲ 0%
-108.98M▼ 486.7%
-144.43M▼ 32.5%
-1.16B▼ 700.2%
1.48M▲ 100.1%
135.52M▲ 9044.3%
386.45M▲ 185.2%
244.23M▼ 36.8%
525.93M▲ 115.3%
Net Margin %-122.67%-19.07%-38.13%-281.78%0.22%11.17%30.76%16.47%29.81%
Net Income Growth %--486.7%-32.53%-700.25%100.13%9044.26%185.17%-36.8%115.34%
Net Income (Continuing)-18.57M-108.98M-144.43M-1.16B1.48M250.72M386.45M244.23M0
Discontinued Operations000000000
Minority Interest01.94B1.26B01.01B3.11B3.16B5.96B3.5B
EPS (Diluted)
-2.98▲ 0%
-2.88▲ 3.4%
-3.82▼ 32.6%
-30.55▼ 699.7%
0.04▲ 100.1%
1.48▲ 3675.5%
2.52▲ 70.3%
1.02▼ 59.5%
0.00▼ 100.0%
EPS Growth %-3.36%-32.64%-699.74%100.13%3675.51%70.27%-59.52%-100%
EPS (Basic)-2.98-2.88-3.82-30.550.041.485.251.030.00
Diluted Shares Outstanding47.16M37.79M74.93M37.79M37.79M41.36M51.82M60.12M62.66M
Basic Shares Outstanding47.16M37.79M74.93M37.79M37.79M41.36M51.82M59.28M61.96M
Dividend Payout Ratio----3454.05%29%21.23%71.74%-

KNTK Balance Sheet

Kinetik Holdings Inc. (KNTK) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets6.17M468.03M31.74M118.42M217.52M241.87M257.3M294.76M89.23M
Cash & Short-Term Investments479.06K449.94M5.98M19.59M18.73M6.39M4.51M3.61M3.95M
Cash Only479.06K449.94M5.98M19.59M18.73M6.39M4.51M3.61M3.95M
Short-Term Investments000000000
Accounts Receivable5.42M10.91M20.66M89.62M178.11M204.04M215.72M111.94M85.28M
Days Sales Outstanding130.76.9719.9179.7598.1961.3762.6727.5517.64
Inventory743K5.8M4.03M900K00000
Days Inventory Outstanding12.013.985.391.14-----
Other Current Assets67.48K1.38M1.07M8.31M20.68M31.44M37.07M179.21M0
Total Non-Current Assets699.59M1.39B1.47B3.49B3.34B5.68B6.24B6.52B6.7B
Property, Plant & Equipment699.59M1.23B205.8M1.93B1.9B2.56B2.78B3.46B3.94B
Fixed Asset Turnover0.02x0.47x1.84x0.21x0.35x0.47x0.45x0.43x0.45x
Goodwill000005.08M5.08M5.08M5.08M
Intangible Assets000921.77M786.05M695.39M591.67M652.49M553.23M
Long-Term Investments091.1M1.26B611.22M626.48M2.38B2.54B2.12B2.01B
Other Non-Current Assets03.73M5.27M23.6M22.32M32.27M85.42M77.06M0
Total Assets
705.75M▲ 0%
1.86B▲ 163.2%
1.5B▼ 19.1%
3.6B▲ 139.9%
3.55B▼ 1.4%
5.92B▲ 66.6%
6.5B▲ 9.7%
6.81B▲ 4.9%
7.1B▲ 4.1%
Asset Turnover0.02x0.31x0.25x0.11x0.19x0.20x0.19x0.22x0.25x
Asset Growth %-163.17%-19.14%139.93%-1.4%66.6%9.75%4.9%4.12%
Total Current Liabilities124.47M98.52M33.69M167M240.93M227.83M250.14M418.55M165.2M
Accounts Payable00013.38M12.22M17.9M34M27.24M42.07M
Days Payables Outstanding---16.919.358.1515.5810.52-
Short-Term Debt0012.36M53.31M54.28M00140.2M165.2M
Deferred Revenue (Current)0000006.48M00
Other Current Liabilities124.17M98.05M19.91M16.08M7.01M13.21M177.96M216.88M0
Current Ratio0.05x4.75x0.94x0.71x0.90x1.06x1.03x0.70x0.54x
Quick Ratio0.04x4.69x0.82x0.70x0.90x1.06x1.03x0.70x0.54x
Cash Conversion Cycle---63.98-----
Total Non-Current Liabilities25.23M32.01M564.69M2.39B2.31B3.42B3.62B3.42B3.82B
Long-Term Debt00396M2.34B2.25B3.37B3.56B3.36B3.82B
Capital Lease Obligations001.03M31.09M29.89M6.02M9.35M11.49M0
Deferred Tax Liabilities7.04M2.64M1.05M07.19M11.02M13.24M16.76M22.3M
Other Non-Current Liabilities18.19M29.37M166.61M23.5M3.26M11.01M8.58M4.08M3.86B
Total Liabilities149.7M130.53M598.38M2.56B2.55B3.65B3.87B3.84B3.98B
Total Debt00409.39M2.45B2.37B3.4B3.6B3.53B3.98B
Net Debt-479.06K-449.94M403.4M2.43B2.35B3.39B3.6B3.53B3.98B
Debt / Equity--0.45x2.36x2.35x1.49x1.37x1.19x1.36x
Debt / EBITDA--2.15x-7.98x8.27x8.18x7.02x7.27x
Net Debt / EBITDA--4.97x2.12x-7.91x8.25x8.17x7.01x7.27x
Interest Coverage--0.32x-0.09x-465.97x0.51x1.01x0.80x0.85x-
Total Equity
556.05M▲ 0%
1.73B▲ 210.5%
903.52M▼ 47.7%
1.04B▲ 15.3%
1.01B▼ 3.3%
2.27B▲ 125.7%
2.63B▲ 15.6%
2.98B▲ 13.4%
2.93B▼ 1.6%
Equity Growth %-210.55%-47.68%15.29%-3.34%125.72%15.59%13.4%-1.63%
Book Value per Share11.7945.6912.0627.5626.6454.9550.6949.5646.76
Total Shareholders' Equity556.05M-213.71M-353.07M1.04B10K-839.77M-530.82M-2.98B-565.38M
Common Stock14K32K32K1.04B10K14K15K15K16K
Retained Earnings-18.57M-213.75M-392.63M00-958.63M-723.52M-2.98B-806.12M
Treasury Stock000000000
Accumulated OCI00-266K000000
Minority Interest01.94B1.26B01.01B3.11B3.16B5.96B3.5B

KNTK Cash Flow Statement

Kinetik Holdings Inc. (KNTK) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-865.83K-47.6M44.66M102.1M235.57M613.01M584.48M637.35M604.12M
Operating CF Margin %-5.72%-8.33%11.79%24.89%35.58%50.52%46.52%42.98%34.24%
Operating CF Growth %--5397.86%193.82%128.62%130.73%160.22%-4.65%9.04%-5.21%
Net Income-18.57M-108.98M-144.43M-1.16B0250.72M386.45M244.23M525.93M
Depreciation & Amortization5.99M116.95M202.66M223.76M243.56M260.35M280.99M324.2M-7.87M
Stock-Based Compensation13.21M876K3.81M0042.78M55.98M76.54M0
Deferred Taxes7.04M-9.46M4.36M968K1.86M2.09M-233.4M19.5M0
Other Non-Cash Items27.75M16.65M2.12M1.03B14.68M32.38M98.52M16.28M86.06M
Working Capital Changes-4.06M-63.63M-23.86M-1.07M-24.54M24.68M-4.06M-43.4M0
Change in Receivables-5.42M5.45M-27.33M-7.29M-88.49M-8.33M-12.13M-7.03M0
Change in Inventory-743K-5.06M00356K0000
Change in Payables04.48M04.23M-2.72M-1.6M19.8M-40.85M0
Cash from Investing0-1.27B-713.24M-505.59M-99.62M-286.13M-686.32M-176.89M-199.09M
Capital Expenditures0-167.27M-329.27M-181.42M-82.71M-221.58M-329.55M-275.87M0
CapEx % of Revenue-29.27%86.94%44.23%12.49%18.26%26.23%18.6%-
Acquisitions0-1.1B-356.28M-306.53M3.61M-64.77M-363.44M-426.19M-175.48M
Investments---------
Other Investing0-91.1M-27.69M-17.63M0219K6.68M0-23.61M
Cash from Financing378.66M1.37B627.57M372.77M-136.81M-339.21M99.96M-461.36M-404.68M
Debt Issued (Net)00352.48M171.74M-100.51M391.87M199M-63.8M0
Equity Issued (Net)01000K1000K1000K1000K-1000K-1000K00
Dividends Paid00-289.28M0-51.19M-41.15M-81.35M-175.21M-193.73M
Share Repurchases000000-5.76M00
Other Financing378.66M549.28M-22.48M-79.88M0-506.64M-11.94M-222.35M-210.95M
Net Change in Cash
471.56K▲ 0%
54.71M▲ 11501.4%
-41.02M▼ 175.0%
-30.72M▲ 25.1%
-5.46M▲ 82.2%
-12.34M▼ 126.0%
-1.88M▲ 84.7%
-904K▲ 52.0%
345K▲ 138.2%
Free Cash Flow
-865.83K▲ 0%
-214.87M▼ 24716.6%
-312.31M▼ 45.3%
-96.96M▲ 69.0%
152.86M▲ 257.7%
391.43M▲ 156.1%
254.93M▼ 34.9%
361.47M▲ 41.8%
604.12M▲ 67.1%
FCF Margin %-5.72%-37.61%-82.46%-23.64%23.09%32.26%20.29%24.38%34.24%
FCF Growth %--24716.59%-45.35%68.95%257.65%156.07%-34.87%41.8%67.13%
FCF per Share-0.02-5.69-4.17-2.574.049.464.926.019.64
FCF Conversion (FCF/Net Income)0.05x0.44x-0.31x-0.09x158.95x4.52x1.51x2.61x1.15x
Interest Paid00133.01M104.68M0120.27M207.7M244.6M0
Taxes Paid000000480K560K0

KNTK Key Ratios

Kinetik Holdings Inc. (KNTK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025
Return on Equity (ROE)-3.34%-9.55%-10.98%-118.84%0.14%8.26%15.77%8.71%17.8%
Return on Invested Capital (ROIC)-1.56%-2.16%-0.7%-32%1.17%2.5%2.01%2.11%1.84%
Gross Margin-49.17%6.78%27.94%29.59%27.92%33.92%36.59%36.29%-
Net Margin-122.67%-19.07%-38.13%-281.78%0.22%11.17%30.76%16.47%29.81%
Debt / Equity--0.45x2.36x2.35x1.49x1.37x1.19x1.36x
Interest Coverage--0.32x-0.09x-465.97x0.51x1.01x0.80x0.85x-
FCF Conversion0.05x0.44x-0.31x-0.09x158.95x4.52x1.51x2.61x1.15x
Revenue Growth-3673.42%-33.71%8.3%61.4%83.29%3.54%18.03%18.98%

KNTK SEC Filings & Documents

Kinetik Holdings Inc. (KNTK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 3, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 5, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 8, 2025·SEC

KNTK Frequently Asked Questions

Kinetik Holdings Inc. (KNTK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kinetik Holdings Inc. (KNTK) reported $1.76B in revenue for fiscal year 2025. This represents a 11552% increase from $15.1M in 2017.

Kinetik Holdings Inc. (KNTK) grew revenue by 19.0% over the past year. This is strong growth.

Yes, Kinetik Holdings Inc. (KNTK) is profitable, generating $525.9M in net income for fiscal year 2025 (29.8% net margin).

Dividend & Returns

Yes, Kinetik Holdings Inc. (KNTK) pays a dividend with a yield of 6.41%. This makes it attractive for income-focused investors.

Kinetik Holdings Inc. (KNTK) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.

Kinetik Holdings Inc. (KNTK) generated $350.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More KNTK

Kinetik Holdings Inc. (KNTK) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

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