Kinetik Holdings Inc. KNTK

Utilities SIC 4922 - Natural Gas Transmission NAICS Transportation and Warehousing › Pipeline Transportation › Pipeline Transportation of Natural Gas derived NYSE

We are an integrated midstream energy company in the Permian Basin providing comprehensive gathering, transportation, compression, processing and treating services. Our core capabilities include a variety of service offerings including natural gas gathering, transportation, compression, treating and processing; NGLs stabilization and transportation; produced water gathering and disposal; and crude oil gathering, stabilization, storage and transportation. We have over 2.4 Bcf/d cryogenic natural gas processing capacity strategically located across Texas and New Mexico. As measured by processing capacity, we are the fourth largest natural gas processor in the Delaware Basin and fourth largest across the entire Permian Basin. In addition, we have equity interests in two long-term contracted pipelines transporting natural gas, NGLs, and crude oil from the Permian Basin to the U.S. Gulf Coast and Mexico markets.

Last close 55.70 2026-10-23
Market cap $4.19B estimated share count
52-week range 31.33 - 56.92

Valuation FY2025 figures against the last close

P/S2.4x
P/E21.2x
P/FCF37.5x
EV/EBITDA14.6x
Dividend yield4.6%
Diluted EPS2.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.76B$1.48B$1.26B$1.21B$662.0M$410.2M$135.8M$76.8M$15.1M—
Cost of revenue ——————$55.9M$53.9M$16.6M—
Gross profit ——————$79.9M$22.8M-$1.5M—
SG&A $130.6M$134.2M$97.9M$94.3M$28.6M$22.9M$10.3M$7.4M$4.0M—
Total operating expenses $300.3M$220.7M$183.1M$154.3M$608.6M$1.43B$1.42B$89.0M$26.7M—
Operating income $164.9M$179.2M$159.3M$150.5M$53.5M-$1.02B-$1.29B-$12.2M-$11.5M—
Interest expense ——$205.9M———————
Pre-tax income $576.7M$267.3M$153.5M$253.3M$3.3M-$1.15B-$1.26B-$10.7M-$11.5M—
Income tax $50.7M$23.0M$232.9M$2.6M$1.9M$968.0K$64.9M$10.5M$7.0M—
Net income $525.9M$244.2M$386.5M$250.7M$99.2M-$1.16B-$1.33B-$239.0K-$18.6M—
EPS, basic 2.661.035.251.470.000.00-95.70-0.51-0.30—
EPS, diluted 2.631.022.521.470.000.00-95.70-0.51-0.30—
Shares, diluted (wtd. avg.) 62.7M60.1M146.2M41.7M003.7M8.7M62.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $4.0M$3.6M$4.5M$6.4M$18.7M$19.6M$50.3M$449.9M$0$0
Receivables $85.3M$111.9M$215.7M$204.0M$178.1M—$15.5M$10.9M$5.4M—
Inventory $4.6M$3.6M$3.1M$4.8M$2.1M$3.6M$4.0M$5.8M$743.0K—
Total current assets $302.0M$294.8M$257.3M$241.9M$217.5M$42.8M$31.7M$468.0M$6.2M$7.5K
Property, plant and equipment $3.87B$3.43B$2.74B$2.54B$1.84B$195.8M$205.8M$1.23B$699.6M—
Goodwill $5.1M$5.1M$5.1M$5.1M$0—————
Other intangibles $553.2M$652.5M$591.7M$695.4M$786.0M—————
Total assets $7.10B$6.81B$6.50B$5.92B$3.55B$1.80B$1.50B$1.86B$705.8M$45.7K
Accounts payable $42.1M$27.2M$34.0M$17.9M$12.2M—————
Short-term debt $165.2M$140.2M$0——$0$9.8M———
Total current liabilities $440.5M$418.6M$250.1M$227.8M$240.9M$30.0M$33.7M$98.5M$124.5M$23.1K
Long-term debt $3.65B$3.39B$3.59B$3.40B$2.35B$624.0M$396.0M$0——
Total liabilities $4.17B$3.84B$3.87B$3.65B$2.55B$863.5M$597.3M$130.5M$149.7M$23.1K
Retained earnings -$806.1M-$2.98B-$723.5M-$958.6M$0-$369.4M-$392.6M-$213.7M-$18.6M-$2.4K
Total equity -$565.4M-$2.98B-$530.8M-$839.8M$10.0K$10.0K$9.0K-$227.0M$556.1M$59.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $604.1M$637.3M$584.5M$613.0M$235.6M$102.1M$76.3M$661.0K$0—
Depreciation and amortisation $382.6M$324.2M$281.0M$260.3M$243.6M$223.8M$41.5M$20.1M$6.0M—
Stock-based compensation $62.6M$76.5M$56.0M$42.8M$0$0————
Capital expenditure $492.5M$263.5M$312.9M$206.2M$78.0M$181.4M$342.6M$84.0M$0—
Investing cash flow -$199.1M-$176.9M-$686.3M-$286.1M-$99.6M-$505.6M-$1.50B-$175.1M$0—
Financing cash flow -$404.7M-$461.4M$100.0M-$339.2M-$136.8M$372.8M$983.5M$624.4M$0—
Dividends paid $193.7M$175.2M$81.4M$39.3M$0$0$0———
Buybacks $176.0M$0$5.8M$0$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001692787-26-000086.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B -1B 0 1B 2B Revenue, FY2017: 15.1M Gross profit, FY2017: -1.5M Net income, FY2017: -18.6M Revenue, FY2018: 76.8M Gross profit, FY2018: 22.8M Net income, FY2018: -239K Revenue, FY2019: 135.8M Gross profit, FY2019: 79.9M Net income, FY2019: -1.3B Revenue, FY2020: 410.2M Net income, FY2020: -1.2B Revenue, FY2021: 662M Net income, FY2021: 99.2M Revenue, FY2022: 1.2B Net income, FY2022: 250.7M Revenue, FY2023: 1.3B Net income, FY2023: 386.5M Revenue, FY2024: 1.5B Net income, FY2024: 244.2M Revenue, FY2025: 1.8B Net income, FY2025: 525.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $15.1M $76.8M $135.8M $410.2M $662.0M $1.21B $1.26B $1.48B $1.76B
Gross profit — -$1.5M $22.8M $79.9M — — — — — —
Net income — -$18.6M -$239.0K -$1.33B -$1.16B $99.2M $250.7M $386.5M $244.2M $525.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4922

TickerCompanyMarket capP/ERevenue growth
WMB WILLIAMS COMPANIES, INC. $87.70B 33.5x 17.9%
EPD ENTERPRISE PRODUCTS PARTNERS L.P. $80.07B — -6.4%
KMI KINDER MORGAN, INC. $76.67B 25.1x 12.7%
ET Energy Transfer LP $70.42B — 3.5%
TRGP Targa Resources Corp. $64.84B 35.6x 3.9%
WES Western Midstream Partners, LP $17.77B — 6.6%
DTM DT Midstream, Inc. $12.64B 28.8x 26.7%
AM Antero Midstream Corp $9.90B 24.2x 7.4%