Kinetik Holdings Inc Financials
Kinetik Holdings Inc (KNTK) reported $1.9B in revenue over the twelve months to Jun 30, 2026, up 14.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Kinetik's cash-generation model is becoming more capital-intensive, with leverage and reinvestment shaping reported outcomes.
Net income reached$526M in FY2025 even as operating income slipped to$165M , so the earnings surge was not produced by the core operating line. Operating cash flow stayed near$600M , but free cash flow fell to$112M ; cash generation is increasingly being absorbed by reinvestment.
FY2025 liabilities were
Revenue rose
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kinetik Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kinetik Holdings Inc scores 0.83, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.7B) relative to total liabilities ($7.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kinetik Holdings Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Kinetik Holdings Inc generates $1.15 in operating cash flow ($604.1M OCF vs $525.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Kinetik Holdings Inc earns $0.69 in operating income for every $1 of interest expense ($164.9M vs $240.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Kinetik Holdings Inc generated $1.8B in revenue in fiscal year 2025. This represents an increase of 19.0% from the prior year.
Kinetik Holdings Inc's EBITDA was $547.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.8% from the prior year.
Kinetik Holdings Inc reported $525.9M in net income in fiscal year 2025. This represents an increase of 115.3% from the prior year.
Kinetik Holdings Inc earned $2.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 157.8% from the prior year.
Cash & Balance Sheet
Kinetik Holdings Inc generated $111.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 70.1% from the prior year.
Kinetik Holdings Inc held $4.0M in cash against $3.6B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Kinetik Holdings Inc's operating margin was 9.3% in fiscal year 2025, reflecting core business profitability. This is down 2.7 percentage points from the prior year.
Kinetik Holdings Inc's net profit margin was 29.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Kinetik Holdings Inc spent $176.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Kinetik Holdings Inc invested $492.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 86.9% from the prior year.
Not reported for fiscal year 2025.
KNTK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $581.4M+41.8% | $410.0M-4.7% | $430.4M-7.2% | $464.0M+8.7% | $426.7M-3.7% | $443.3M+14.9% | $385.7M-2.7% | $396.4M |
| Cost of Revenue | $237.6M+25.9% | $188.7M+10.7% | $170.5M-27.6% | $235.4M+50.2% | $156.7M-29.8% | $223.4M+27.0% | $175.8M+21.6% | $144.6M |
| SG&A Expenses | $26.3M-40.6% | $44.2M+14.3% | $38.7M+28.5% | $30.1M+24.1% | $24.2M-35.5% | $37.6M-4.4% | $39.3M+32.7% | $29.6M |
| Operating Income | $134.0M+3590.8% | -$3.8M-107.9% | $48.4M+144.6% | $19.8M-74.5% | $77.5M+301.7% | $19.3M-18.5% | $23.7M-67.5% | $72.9M |
| Interest Expense | $55.1M+3.6% | $53.2M-10.8% | $59.7M-7.2% | $64.3M+8.8% | $59.1M+3.5% | $57.0M+11.4% | $51.2M-23.7% | $67.1M |
| Income Tax | $14.4M+1953.9% | -$778K-102.0% | $39.7M+3482.1% | $1.1M-84.9% | $7.3M+185.4% | $2.6M+44.7% | $1.8M-78.5% | $8.3M |
| Net Income | $49.5M+3071.7% | -$1.7M-100.3% | $490.9M+9223.6% | $5.3M-77.7% | $23.6M+285.7% | $6.1M+111.7% | -$52.3M-302.9% | $25.8M |
| EPS (Diluted) | $0.64 | -$0.07 | $2.22+7300.0% | $0.03 | $0.33 | $0.05 | $0.00-100.0% | $0.35 |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses.
KNTK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B+1.3% | $7.1B+0.2% | $7.1B-1.5% | $7.2B+0.7% | $7.2B+1.7% | $7.0B+3.2% | $6.8B-0.7% | $6.9B |
| Current Assets | $349.7M+9.7% | $318.8M+5.5% | $302.0M-4.1% | $315.1M+0.8% | $312.6M-0.8% | $315.0M+6.9% | $294.8M+3.1% | $285.9M |
| Cash & Equivalents | $7.8M+987.5% | $720K-81.8% | $4.0M-48.9% | $7.7M-27.9% | $10.7M+21.3% | $8.8M+145.3% | $3.6M-82.4% | $20.4M |
| Inventory | N/A | N/A | $4.6M | N/A | N/A | N/A | $3.6M | N/A |
| Accounts Receivable | $60.9M-34.3% | $92.7M+8.7% | $85.3M+10.2% | $77.4M+23.0% | $62.9M-48.7% | $122.5M+9.5% | $111.9M+70.6% | $65.6M |
| Goodwill | $5.1M0.0% | $5.1M0.0% | $5.1M0.0% | $5.1M0.0% | $5.1M0.0% | $5.1M0.0% | $5.1M0.0% | $5.1M |
| Total Liabilities | $8.4B-4.5% | $8.8B+14.6% | $7.7B-14.7% | $9.0B+3.0% | $8.7B-9.0% | $9.6B-2.2% | $9.8B+14.1% | $8.6B |
| Current Liabilities | $512.4M-4.6% | $537.1M+21.9% | $440.5M-12.7% | $504.3M+0.5% | $501.8M+5.6% | $475.3M+13.6% | $418.6M+5.0% | $398.7M |
| Long-Term Debt | $3.7B+1.5% | $3.6B+0.5% | $3.6B-8.3% | $4.0B+5.9% | $3.7B+4.7% | $3.6B+6.1% | $3.4B+2.6% | $3.3B |
| Total Equity | -$1.2B+29.0% | -$1.7B-195.2% | -$565.4M+68.2% | -$1.8B-13.4% | -$1.6B+38.6% | -$2.5B+14.3% | -$3.0B-73.0% | -$1.7B |
| Retained Earnings | -$1.7B-0.7% | -$1.7B-107.1% | -$806.1M+59.6% | -$2.0B-12.1% | -$1.8B+31.9% | -$2.6B+12.1% | -$3.0B-73.0% | -$1.7B |
KNTK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $161.1M-10.7% | $180.4M+63.9% | $110.1M-41.5% | $188.1M+45.7% | $129.1M-27.0% | $176.8M+22.8% | $144.0M-32.8% | $214.1M |
| Capital Expenditures | $109.2M+31.6% | $83.0M-38.1% | $134.1M-14.3% | $156.5M+23.0% | $127.3M+70.8% | $74.5M-30.8% | $107.7M+84.3% | $58.5M |
| Free Cash Flow | $51.9M-46.8% | $97.4M+505.3% | -$24.0M-176.0% | $31.6M+1672.8% | $1.8M-98.3% | $102.3M+182.2% | $36.3M-76.7% | $155.7M |
| Investing Cash Flow | -$115.1M-29.1% | -$89.1M-124.5% | $363.8M+312.4% | -$171.3M-30.3% | -$131.5M+49.5% | -$260.1M-134.4% | -$111.0M-1.6% | -$109.2M |
| Financing Cash Flow | -$38.9M+58.9% | -$94.5M+80.2% | -$477.7M-2313.5% | -$19.8M-562.8% | $4.3M-95.2% | $88.5M+277.6% | -$49.8M+48.6% | -$97.0M |
| Dividends Paid | $59.9M+14.5% | $52.3M+4.2% | $50.2M+3.4% | $48.6M+1.3% | $48.0M+2.1% | $47.0M+0.4% | $46.8M+4.2% | $44.9M |
| Share Buybacks | N/A | N/A | $3.5M-96.5% | $100.0M | N/A | N/A | $0 | $0 |
KNTK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 23.0%+24.0pp | -0.9%-12.2pp | 11.2%+7.0pp | 4.3%-13.9pp | 18.1%+13.8pp | 4.3%-1.8pp | 6.1%-12.3pp | 18.4% |
| Net Margin | 8.5%+8.9pp | -0.4% | 114.1% | 1.1%-4.4pp | 5.5%+4.2pp | 1.4%+14.9pp | -13.6%-20.1pp | 6.5% |
| Return on Assets | 0.7%+0.7pp | 0.0%-6.9pp | 6.9%+6.8pp | 0.1%-0.3pp | 0.3%+0.2pp | 0.1%+0.9pp | -0.8%-1.1pp | 0.4% |
| Current Ratio | 0.68+0.1x | 0.59-0.1x | 0.69+0.1x | 0.620.0x | 0.620.0x | 0.660.0x | 0.700.0x | 0.72 |
| FCF Margin | 8.9%-14.8pp | 23.8%+29.3pp | -5.6%-12.4pp | 6.8%+6.4pp | 0.4%-22.7pp | 23.1%+13.7pp | 9.4%-29.9pp | 39.3% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$565.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Kinetik Holdings Inc Ranks
Frequently Asked Questions
What is Kinetik Holdings Inc's annual revenue?
Kinetik Holdings Inc (KNTK) reported $1.8B in total revenue for fiscal year 2025. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kinetik Holdings Inc's revenue growing?
Kinetik Holdings Inc (KNTK) revenue grew by 19.0% year-over-year, from $1.5B to $1.8B in fiscal year 2025.
Is Kinetik Holdings Inc profitable?
Yes, Kinetik Holdings Inc (KNTK) reported a net income of $525.9M in fiscal year 2025, with a net profit margin of 29.8%.
What is Kinetik Holdings Inc's EBITDA?
Kinetik Holdings Inc (KNTK) had EBITDA of $547.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kinetik Holdings Inc have?
As of fiscal year 2025, Kinetik Holdings Inc (KNTK) had $4.0M in cash and equivalents against $3.6B in long-term debt.
What is Kinetik Holdings Inc's operating margin?
Kinetik Holdings Inc (KNTK) had an operating margin of 9.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Kinetik Holdings Inc's net profit margin?
Kinetik Holdings Inc (KNTK) had a net profit margin of 29.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Kinetik Holdings Inc's free cash flow?
Kinetik Holdings Inc (KNTK) generated $111.6M in free cash flow during fiscal year 2025. This represents a -70.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kinetik Holdings Inc's operating cash flow?
Kinetik Holdings Inc (KNTK) generated $604.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kinetik Holdings Inc's total assets?
Kinetik Holdings Inc (KNTK) had $7.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Kinetik Holdings Inc's capital expenditures?
Kinetik Holdings Inc (KNTK) invested $492.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Kinetik Holdings Inc's current ratio?
Kinetik Holdings Inc (KNTK) had a current ratio of 0.69 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Kinetik Holdings Inc's return on assets (ROA)?
Kinetik Holdings Inc (KNTK) had a return on assets of 7.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Kinetik Holdings Inc's debt-to-equity ratio negative or not reported?
Kinetik Holdings Inc (KNTK) has negative shareholder equity of -$565.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Kinetik Holdings Inc's Altman Z-Score?
Kinetik Holdings Inc (KNTK) has an Altman Z-Score of 0.83, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kinetik Holdings Inc's Piotroski F-Score?
Kinetik Holdings Inc (KNTK) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kinetik Holdings Inc's earnings high quality?
Kinetik Holdings Inc (KNTK) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kinetik Holdings Inc cover its interest payments?
Kinetik Holdings Inc (KNTK) has an interest coverage ratio of 0.69x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Kinetik Holdings Inc?
Kinetik Holdings Inc (KNTK) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.