Kinetik Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kinetik Holdings Inc reported revenue of $1.8B (+19.0% year on year) and net income of $347.7M (+111.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $1.8B | $1.5B | $1.3B | $1.2B |
| Costs of sales (excluding depreciation and amortization expenses) | $785.9M | $620.6M | $515.7M | $541.5M |
| Operating expenses | $271.4M | $196.0M | $161.5M | $137.3M |
| Ad valorem taxes | $28.9M | $24.7M | $21.6M | $17.0M |
| General and administrative expenses | $130.6M | $134.2M | $97.9M | $94.3M |
| Depreciation and amortization expenses | $382.6M | $324.2M | $281.0M | $260.3M |
| Loss on disposal of assets, net | $8.0K | $4.0M | $19.4M | $12.6M |
| Total operating costs and expenses | $1.6B | $1.3B | $1.1B | $1.1B |
| Operating income | $164.9M | $179.2M | $159.3M | $150.5M |
| Interest and other income | $4.0M | $2.8M | $2.0M | $489.0K |
| Loss on debt extinguishment | ($635.0K) | ($525.0K) | ($1.9M) | ($28.0M) |
| Gain on sale of equity method investment | $415.4M | $89.8M | — | — |
| Interest expense | ($233.4M) | ($217.2M) | ($205.9M) | ($149.3M) |
| Equity in earnings of unconsolidated affiliates | $226.4M | $213.2M | $200.0M | $181.0M |
| Total other income (expense), net | $411.7M | $88.0M | ($5.7M) | $102.8M |
| Income before income taxes | $576.7M | $267.3M | $153.5M | $253.3M |
| Income tax expense (benefit) | $50.7M | $23.0M | ($232.9M) | $2.6M |
| Net income including noncontrolling interest | $525.9M | $244.2M | $386.5M | $250.7M |
| Net income attributable to Common Unit limited partners | $347.7M | $164.2M | $97.0M | $94.8M |
| Net income attributable to holders of Class A Common Stock | $178.3M | — | — | — |
| Basic (in USD per share) | $2.66 | $1.03 | $5.25 | $1.48 |
| Diluted (in USD per share) | $2.63 | $1.02 | $2.52 | $1.48 |
| Basic (in shares) | 62.0M | 59.3M | 51.8M | 41.3M |
| Diluted (in shares) | 62.7M | 60.1M | 146.2M | 41.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $581.4M | $410.0M | $464.0M | $426.7M |
| Costs of sales (excluding depreciation and amortization) | $237.6M | $188.7M | $235.4M | $156.7M |
| Operating expenses | $71.9M | $70.3M | $76.1M | $68.0M |
| Ad valorem taxes | $8.4M | $8.8M | $7.1M | $6.6M |
| General and administrative expenses | $26.3M | $44.2M | $30.1M | $24.2M |
| Depreciation and amortization expenses | $103.3M | $101.8M | $95.4M | $93.8M |
| Gain on disposal of assets, net | ($36.0K) | ($19.0K) | $50.0K | ($25.0K) |
| Total operating costs and expenses | $447.5M | $413.8M | $444.2M | $349.3M |
| Operating income | $134.0M | ($3.8M) | $19.8M | $77.5M |
| Interest and other income | $297.0K | $167.0K | $303.0K | $2.7M |
| Loss on debt extinguishment | $0 | — | $0 | ($635.0K) |
| Interest expense | ($54.1M) | ($53.4M) | ($61.7M) | ($56.5M) |
| Equity in earnings of unconsolidated affiliates | $57.4M | $51.2M | $58.3M | $58.7M |
| Total other income, net | $3.6M | ($2.1M) | ($3.1M) | $4.3M |
| Income before income taxes | $137.5M | ($5.9M) | $16.7M | $81.7M |
| Income tax expense | $14.4M | ($778.0K) | $1.1M | $7.3M |
| Net income including noncontrolling interest | $123.1M | ($5.1M) | $15.5M | $74.4M |
| Net income attributable to Common Unit limited partners | $73.6M | ($3.5M) | $10.3M | $50.8M |
| Net income attributable to holders of Class A Common Stock | $49.5M | ($1.7M) | $5.3M | $23.6M |
| Basic (in USD per share) | $0.65 | -$0.07 | $0.03 | $0.33 |
| Diluted (in USD per share) | $0.64 | -$0.07 | $0.03 | $0.33 |
| Basic (in shares) | 75.1M | 65.9M | 61.9M | 61.7M |
| Diluted (in shares) | 75.8M | 66.7M | 62.4M | 62.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $4.0M | $3.6M | $4.5M | $6.4M |
| Accounts receivable, net of allowance for credit losses of $1,000 in 2025 and 2024 | $85.3M | $111.9M | $215.7M | $204.0M |
| Accounts receivable pledged | $165.2M | $140.2M | — | — |
| Derivative assets | $13.9M | $2.3M | $7.8M | $7.0M |
| Prepaid and other current assets | $33.7M | $36.7M | $29.3M | $24.5M |
| Current assets | $302.0M | $294.8M | $257.3M | $241.9M |
| Property, plant and equipment, net | $3.9B | $3.4B | $2.7B | $2.5B |
| Intangible assets, net | $553.2M | $652.5M | $591.7M | $695.4M |
| Derivative asset, non-current | $1.5M | $65.0K | $165.0K | — |
| Operating lease right-of-use assets | $71.1M | $29.8M | $37.6M | $28.6M |
| Deferred tax asset | $197.7M | $204.0M | $235.6M | — |
| Deferred charges and other assets | $90.0M | $77.0M | $85.3M | $32.3M |
| Investments in unconsolidated affiliates | $2.0B | $2.1B | $2.5B | $2.4B |
| Goodwill | $5.1M | $5.1M | $5.1M | $5.1M |
| Noncurrent assets | $6.8B | $6.5B | $6.2B | $5.7B |
| Total assets | $7.1B | $6.8B | $6.5B | $5.9B |
| Accounts payable | $42.1M | $27.2M | $34.0M | $17.9M |
| Accrued expenses | $172.1M | $186.7M | $177.4M | $173.9M |
| Derivative liabilities | $5.5M | $10.0M | $1.7M | $5.7M |
| Current portion of operating lease liabilities | $43.6M | $18.7M | $29.2M | $22.8M |
| Current debt obligations | $165.2M | $140.2M | — | $0 |
| Other current liabilities | $12.1M | $35.7M | $7.8M | $7.5M |
| Current liabilities | $440.5M | $418.6M | $250.1M | $227.8M |
| Long term debt, net | $3.6B | $3.4B | $3.6B | $3.4B |
| Contract liabilities | $31.0M | $21.0M | $25.8M | $22.7M |
| Operating lease liabilities | $29.0M | $11.5M | $9.3M | $6.0M |
| Derivative liabilities | $0 | $1.9M | $5.4M | $8.3M |
| Other liabilities | $14.7M | $2.1M | $3.2M | $2.7M |
| Deferred tax liabilities | $22.3M | $16.8M | $13.2M | $11.0M |
| Noncurrent liabilities | $3.7B | $3.4B | $3.6B | $3.4B |
| Total liabilities | $4.2B | $3.8B | $3.9B | $3.6B |
| Redeemable noncontrolling interest — Common Unit limited partners | $3.5B | $6.0B | $3.2B | $3.1B |
| Common stock | $16.0K | $15.0K | $15.0K | $14.0K |
| Deferred consideration | $0 | $1.0K | — | — |
| Additional paid-in capital | $240.7M | $0 | $192.7M | $118.8M |
| Accumulated deficit | ($806.1M) | ($3.0B) | ($723.5M) | ($958.6M) |
| Total equity | ($565.4M) | ($3.0B) | ($530.8M) | ($839.8M) |
| Total liabilities, noncontrolling interest and equity | $7.1B | $6.8B | $6.5B | $5.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $7.8M | $720.0K | $7.7M | $10.7M |
| Accounts receivable, net of allowance for credit losses of $1,000 in 2026 and 2025 | $60.9M | $92.7M | $77.4M | $62.9M |
| Accounts receivable pledged | $225.0M | $187.1M | $178.6M | $189.3M |
| Derivative assets | $19.8M | $7.5M | $7.5M | $12.8M |
| Prepaid and other current assets | $36.1M | $30.7M | $43.9M | $36.9M |
| Current assets | $349.7M | $318.8M | $315.1M | $312.6M |
| Property, plant and equipment, net | $3.9B | $3.9B | $3.8B | $3.7B |
| Intangible assets, net | $493.6M | $523.2M | $584.6M | $607.8M |
| Derivative asset, non-current | $4.0M | $2.5M | $1.1M | $1.9M |
| Operating lease right-of-use assets | $50.1M | $56.4M | $83.1M | $79.6M |
| Deferred tax assets | $281.6M | $225.9M | $233.6M | $222.8M |
| Deferred charges and other assets | $87.9M | $95.6M | $85.7M | $84.3M |
| Investments in unconsolidated affiliates | $2.0B | $2.0B | $2.1B | $2.1B |
| Goodwill | $5.1M | $5.1M | $5.1M | $5.1M |
| Noncurrent assets | $6.9B | $6.8B | $6.9B | $6.8B |
| Total assets | $7.2B | $7.1B | $7.2B | $7.2B |
| Accounts payable | $48.6M | $28.7M | $31.6M | $36.6M |
| Accrued expenses | $173.1M | $227.6M | $228.4M | $218.6M |
| Derivative liabilities | $5.1M | $42.0M | $4.1M | $3.2M |
| Current portion of operating lease liabilities | $35.5M | $40.0M | $44.5M | $42.5M |
| Current debt obligations | $225.0M | $187.1M | $178.6M | $189.3M |
| Other current liabilities | $25.1M | $11.7M | $17.2M | $11.6M |
| Current liabilities | $512.4M | $537.1M | $504.3M | $501.8M |
| Long term debt, net | $3.7B | $3.6B | $4.0B | $3.7B |
| Contract liabilities | $37.8M | $30.5M | $33.0M | $20.9M |
| Operating lease liabilities | $16.0M | $18.1M | $39.9M | $38.0M |
| Derivative liabilities | $425.0K | $1.7M | $332.0K | $0 |
| Other liabilities | $385.0K | $14.8M | $24.8M | $24.6M |
| Deferred tax liabilities | $22.8M | $22.2M | $18.2M | $18.2M |
| Noncurrent liabilities | $3.8B | $3.7B | $4.1B | $3.8B |
| Total liabilities | $4.3B | $4.3B | $4.6B | $4.3B |
| Redeemable noncontrolling interest — Common Unit limited partners | $4.1B | $4.5B | $4.4B | $4.4B |
| Common stock | $16.0K | $16.0K | $16.0K | $15.0K |
| Additional paid-in capital | $495.0M | $0 | $222.0M | $288.3M |
| Accumulated deficit | ($1.7B) | ($1.7B) | ($2.0B) | ($1.8B) |
| Total equity | ($1.2B) | ($1.7B) | ($1.8B) | ($1.6B) |
| Total liabilities, noncontrolling interest and equity | $7.2B | $7.1B | $7.2B | $7.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income including noncontrolling interest | $525.9M | $244.2M | $386.5M | $250.7M |
| Depreciation and amortization expenses | $382.6M | $324.2M | $281.0M | $260.3M |
| Amortization of deferred financing costs | $7.9M | $7.4M | $6.2M | $9.6M |
| Amortization of contract costs | $6.8M | $6.6M | $6.6M | $1.8M |
| Contingent liabilities fair value adjustment | $5.2M | $200.0K | — | — |
| Payment of contingent liability in excess of acquisition-date fair value | ($5.4M) | — | — | — |
| Distributions from unconsolidated affiliates | $246.0M | $290.0M | $272.5M | $256.8M |
| Derivatives settlement | $4.3M | ($7.3M) | $25.7M | $10.7M |
| Derivative fair value adjustment | ($23.7M) | $17.7M | ($33.7M) | ($95.5M) |
| Warrants fair value adjustment | $0 | $0 | ($88.0K) | ($133.0K) |
| Gain on sale of equity method investment | ($415.4M) | ($89.8M) | — | — |
| Loss on disposal of assets, net | $8.0K | $4.0M | $19.4M | $12.6M |
| Equity in earnings from unconsolidated affiliates | ($226.4M) | ($213.2M) | ($200.0M) | ($181.0M) |
| Loss on debt extinguishment | $635.0K | $525.0K | $1.9M | $28.0M |
| Share-based compensation | $62.6M | $76.5M | $56.0M | $42.8M |
| Deferred income tax expense (benefit) | $50.7M | $19.5M | ($233.4M) | $2.1M |
| Accounts receivable and pledged receivable | $1.7M | ($7.0M) | — | — |
| Other assets | ($12.4M) | $8.0M | ($5.9M) | ($4.2M) |
| Accounts payable | $4.6M | ($40.8M) | $19.8M | ($1.6M) |
| Accrued liabilities | ($12.6M) | ($2.9M) | ($6.5M) | $38.7M |
| Operating leases | $1.1M | ($606.0K) | $701.0K | $179.0K |
| Net cash provided by operating activities | $604.1M | $637.3M | $584.5M | $613.0M |
| Property, plant and equipment expenditures | ($492.5M) | ($263.5M) | ($312.9M) | ($206.2M) |
| Intangible assets expenditures | ($37.2M) | ($12.3M) | ($16.7M) | ($15.4M) |
| Investments in unconsolidated affiliate | ($1.2M) | ($3.3M) | ($238.8M) | $78.2M |
| Net cash paid for acquisition of interest in unconsolidated affiliate | $0 | ($85.4M) | — | — |
| Distributions from unconsolidated affiliates | $2.9M | $4.1M | $6.7M | — |
| Cash proceeds from sale of equity method investment | $504.2M | $524.4M | — | — |
| Cash proceeds from disposals of assets | $227.0K | $409.0K | $358.0K | $219.0K |
| Net cash paid for business combinations | ($175.5M) | $358.0M | — | — |
| Net cash used in investing activities | ($199.1M) | ($176.9M) | ($686.3M) | ($286.1M) |
| Proceeds from borrowings under A/R Facility | $112.4M | $156.0M | — | — |
| Payments on A/R Facility | ($87.4M) | ($15.8M) | — | — |
| Proceeds from borrowings from long-term debt | $1.4B | $0 | $800.0M | $3.0B |
| Payments on long-term debt | ($1.0B) | ($200.0M) | ($800.0M) | ($2.3B) |
| Payments of debt issuance costs, net | ($10.9M) | ($1.1M) | ($11.2M) | ($37.0M) |
| Payments of debt discount, net | ($1.2M) | — | — | — |
| Proceeds from revolving line of credit | $1.6B | $1.1B | $752.5M | $565.0M |
| Payments on revolving line of credit | ($1.8B) | ($1.1B) | ($553.5M) | ($879.0M) |
| Cash dividends paid to Class A Common Stock shareholders | ($193.7M) | ($175.2M) | ($81.4M) | ($39.3M) |
| Distributions paid to Class C Common Unit limited partners | ($306.3M) | ($220.8M) | ($697.0K) | — |
| Payments on contingent liability | ($4.5M) | — | — | — |
| Repurchase of Class A Common Stock | ($176.0M) | $0 | ($5.8M) | — |
| Net cash (used in) provided by financing activities | ($404.7M) | ($461.4M) | $100.0M | ($339.2M) |
| Net change in cash | $345.0K | ($904.0K) | ($1.9M) | ($12.3M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income including noncontrolling interest | $118.0M | ($5.1M) | $109.2M | $93.7M |
| Depreciation and amortization expense | $205.2M | $101.8M | $281.8M | $186.4M |
| Amortization of deferred financing costs | $3.9M | $2.0M | $5.9M | $4.0M |
| Amortization of contract costs | $4.0M | $1.9M | $5.1M | $3.3M |
| Distributions from unconsolidated affiliates | $130.2M | $68.3M | $205.2M | $126.9M |
| Derivative settlement | ($27.3M) | ($142.0K) | $626.0K | ($5.7M) |
| Derivative fair value adjustment | $18.8M | $43.8M | ($14.4M) | ($15.4M) |
| Gain on disposal of assets, net | ($55.0K) | ($19.0K) | ($15.0K) | ($65.0K) |
| Equity in earnings of unconsolidated affiliates | ($108.6M) | ($51.2M) | ($174.5M) | ($116.2M) |
| Loss on debt extinguishment | $0 | — | $635.0K | $635.0K |
| Share-based compensation | $29.7M | $20.7M | $44.6M | $30.3M |
| Deferred income taxes | $13.6M | ($778.0K) | $10.5M | $9.4M |
| Accounts and pledged receivable | ($35.5M) | ($29.3M) | ($3.8M) | ($73.0K) |
| Other assets | ($5.3M) | ($5.0M) | ($16.1M) | ($5.5M) |
| Accounts payable | ($8.3M) | ($15.9M) | ($13.4M) | ($9.8M) |
| Accrued liabilities | $17.4M | $49.2M | $23.4M | ($19.1M) |
| Other non-current liabilities | ($14.3M) | $102.0K | $22.6M | $22.4M |
| Operating leases | ($86.0K) | $208.0K | $924.0K | $591.0K |
| Net cash provided by operating activities | $341.5M | $180.4M | $494.0M | $305.9M |
| Property, plant and equipment expenditures | ($192.3M) | ($83.0M) | ($358.4M) | ($201.8M) |
| Intangible asset expenditures | ($12.1M) | ($6.1M) | ($30.9M) | ($15.6M) |
| Investments in unconsolidated affiliates | $0 | $0 | ($1.2M) | ($985.0K) |
| Distributions from unconsolidated affiliates | $0 | $0 | $2.9M | $2.9M |
| Cash proceeds from disposal of assets | $120.0K | $43.0K | $137.0K | $98.0K |
| Net cash paid for acquisition | $0 | $0 | ($175.5M) | ($176.2M) |
| Net cash used in investing activities | ($204.2M) | ($89.1M) | ($562.9M) | ($391.6M) |
| Proceeds from borrowing under A/R Facility | $83.9M | $30.0M | $88.2M | $73.3M |
| Payments on A/R Facility | ($24.1M) | ($8.1M) | ($49.8M) | ($24.2M) |
| Proceeds from borrowings on long-term debt | $0 | $0 | $1.4B | $1.4B |
| Payments on long-term debt | $0 | — | ($1.0B) | ($1.0B) |
| Payments of debt issuance costs, net | ($152.0K) | ($123.0K) | ($10.9M) | ($10.7M) |
| Payments of debt discount, net | $0 | — | ($1.2M) | ($1.2M) |
| Proceeds from revolving line of credit | $302.0M | $150.0M | $1.5B | $1.1B |
| Payments on revolving line of credit | ($232.0M) | ($135.0M) | ($1.3B) | ($1.2B) |
| Cash dividends paid to Class A Common Stock shareholders | ($112.1M) | ($52.3M) | ($143.5M) | ($95.0M) |
| Distributions paid to Class C Common Unit limited partners | ($150.9M) | ($79.0M) | ($230.2M) | ($151.9M) |
| Repurchase of Class A Common Stock | $0 | — | ($172.6M) | ($72.6M) |
| Net cash (used in) provided by financing activities | ($133.4M) | ($94.5M) | $73.0M | $92.8M |
| Net change in cash | $3.9M | ($3.2M) | $4.1M | $7.1M |
| CASH, BEGINNING OF PERIOD | $4.0M | $4.0M | $3.6M | $3.6M |
| CASH, END OF PERIOD | $7.8M | $720.0K | $7.7M | $10.7M |
| Cash paid for interest, net of amounts capitalized | $104.7M | $20.8M | $128.2M | $103.4M |
| Cash paid for income taxes, net | $0 | — | $3.6M | $2.4M |
| Property and equipment and intangible accruals in accounts payable and accrued liabilities | $50.3M | $40.0M | $45.0M | $67.2M |
| Right-of-use assets obtained in exchange for lease liabilities | $0 | $0 | $34.7M | $17.7M |
Kinetik Holdings Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.