greeksoup/ stock research
Stock research / United States / KNTK · Natural Gas Transmission · NYSE

Kinetik Holdings Inc. (KNTK)

Compare with another name

Kinetik Holdings Inc. (KNTK) reported revenue of $581 million for Q2 FY2026, the quarter ended 30 June 2026, up 36.3% on the same quarter a year earlier. Net income was $50 million, up 109.5% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$581 millionup 36.3%
Net income$50 millionup 109.5%
Diluted EPS$0.64
QuarterQ2 FY2026ended 30 June 2026

Kinetik Holdings (KNTK) in brief

Kinetik Holdings (KNTK) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 19.0% on the year before.
Read moreNet income was $178 million and diluted earnings per share $2.63. Revenue was $1.5 billion in fiscal 2024, $1.3 billion in fiscal 2023, $1.2 billion in fiscal 2022 and $662 million in fiscal 2021. Net income in the same years was $80 million, $289 million, $41 million and $0 million. Over the twelve months to 30 June 2026, Kinetik Holdings reported revenue of $1.9 billion and net income of $196 million. Revenue grew 33.9% a year, compounded, over the five years to fiscal 2025. Kinetik Holdings declared $1.50 a share in dividends over the last four quarters. At the close of 9 October 2026 the market cap of Kinetik Holdings was $4.1 billion, 19.4 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin10.5%
Net margin10.4%
FCF margin8.3%
Interest cover0.85
Debt to equityn/a
Cash conversion3.26
Share count, 1 yearn/a
Sales CAGR, 3 years13.3%
Profit CAGR, 3 years63.6%
EPS, TTM$2.76

At the close of 9 October 2026

Price$53.47
Market cap$4.1 billion
Stock P/E19.37
Price to bookn/a
EV / EBITDA12.95
Dividend yield2.8%
Market cap / sales2.15
52-week high$55.10
52-week low$31.68
Price, 1 year43.6%
Price CAGR, 3 years15.4%
Price CAGR, 5 years5.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Kinetik Holdings Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
KNTKgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on KNTK

Filings16 in twelve months: 7 current reports (8-K), about 4 results of operations; 1 officer or director change; 1 regulation FD disclosure; 1 shareholder vote; 1 material agreement
Planned insider sales45 Form 144 notices in twelve months, $345.4 million; latest 9 October 2026
Options tapeput/call 0.12 by open interest at the 9 October 2026 close; the straddle prices a 6.7% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Citadel Advisors; 4 Schedule 13D or 13G filings in twelve months
Insider trading54 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.2 million shares short, 4.70 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue330349341359396386443427464430410581
Cost of revenue148142154147145176223157235170189238
Gross profit183207188213252210220270229260221344
Gross margin55%59%55%59%64%54%50%63%49%60%54%59%
Operating income38.456.126.156.672.923.719.377.519.848.4-3.8134
Operating margin12%16%8%16%18%6%4%18%4%11%-1%23%
Interest expense50.278.346.753.267.151.257.059.164.359.753.255.1
Pre-tax income44.432.439.211891.918.021.881.716.7456-5.9138
Tax rate3%-725%10%8%9%10%12%9%7%9%n/a10%
Net income215-321234234266-6546.123.65.3143-1.749.5
Net margin65%-92%68%65%67%-169%1%6%1%33%-0%9%
Diluted EPS$0.21$1.96$0.12$0.54$0.35$0.01$0.05$0.33$0.03$2.16-$0.07$0.64
Operating cash flow175179154126214144177129188110180161
Capital expenditure85.667.158.039.458.510874.512715713483.0109
Free cash flow88.911295.786.115636.31021.831.6-24.097.451.9
Buybacks0.00.00.00.00.00.0n/an/a100n/an/an/a
Dividends paid21.823.338.744.844.946.847.048.048.650.252.359.9
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Revenue15.176.81364106621,2131,2561,4831,7641,886
Cost of revenue16.653.955.965.1234542516621786832
Gross profit-1.522.879.93454286727418629781,054
Gross margin-9.6%29.7%58.9%84.1%64.7%55.4%59.0%58.1%55.5%55.9%
Operating income-11.5-12.2-1,286-1,02053.5150159179165198
Operating margin-76.2%-15.9%-946.8%-248.8%8.1%12.4%12.7%12.1%9.3%10.5%
Interest expense7.18.46.4140105142218218240232
Pre-tax income-11.5-10.7-1,263-1,1553.3253154267577605
Income tax7.0-10.564.91.01.92.6-23323.050.754.5
Effective tax raten/an/an/an/a55.7%1.0%-151.7%8.6%8.8%9.0%
Net income-18.6-4.4-3580.00.040.728980.0178196
Net margin-122.7%-5.7%-264.0%0.0%0.0%3.4%23.0%5.4%10.1%10.4%
Diluted EPS-$0.30-$0.03-$95.70$0.28-$3.86$1.48$2.52$1.02$2.63$2.76
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023Share
latest year
Midstream Logistics1,25099.3%
Pipeline Transportation8.40.7%
Midstream LogisticsPipeline Transportation
1,258FY2023

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Product revenue8221,0631,30774.1%
Service revenue41840844525.2%
Other revenue16.311.911.70.7%
Product revenueService revenueOther revenue
1,256FY20231,483FY20241,764FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Operating cash flow0.00.776.3102236613584637604640
Capital expenditure0.084.034318178.0206313264492483
Free cash flow0.0-83.3-266-79.3158407272374112157
Free cash flow margin0.0%-108.6%-196.2%-19.3%23.8%33.5%21.6%25.2%6.3%8.3%
Cash from investing0.0-175-1,504-506-99.6-286-686-177-199-11.7
Cash from financing0.0624983373-137-339100.0-461-405-631
Depreciation and amortisation6.020.141.5224244260281324383401
Share-based compensationn/an/an/a0.00.042.856.076.562.662.0
Buybacksn/an/an/an/a0.00.05.80.0176n/a
Dividends paidn/an/a0.00.00.039.381.4175194211
Dividend per sharen/an/an/a$1.50$1.50n/an/an/an/an/a
Diluted shares, weighted62m173m4m16m16m41m146m60m63m76m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity556-2270.00.00.0-840-531-2,977-565-1,185
Redeemable equity0.01,900701575770n/an/an/an/an/a
Short-term borrowingsn/an/an/an/an/an/a0.0n/an/an/a
Debtn/a0.04066242,3463,3953,5943,3903,8183,723
Operating lease liabilitiesn/an/a1.0n/a29.96.09.311.529.016.0
Finance lease liabilitiesn/an/a0.0n/an/an/an/an/an/an/a
Other liabilities1501843936014073,3583,4246,3903,8144,649
Total liabilities and equity7061,8571,5011,8003,5535,9206,4976,8157,0967,202
Owned
Fixed assets7001,2272061961,8392,5352,7433,4343,8663,943
Goodwilln/an/an/an/a0.05.15.15.15.15.1
Intangible assetsn/an/an/an/a786695592652553494
Cash and equivalents0.04506.024.218.76.44.53.64.07.8
Receivables5.410.915.5n/a17820421611285.360.9
Inventory0.75.84.03.62.14.83.13.64.6n/a
Other assets0.01641,2701,5767292,4692,9342,6042,5772,692
Total assets7061,8571,5011,8003,5535,9206,4976,8157,0967,202
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a33.9%13.3%14.1%
Profit growth, compoundedn/an/a63.6%n/a
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Kinetik Holdings' revenue in fiscal 2025?

Kinetik Holdings (KNTK) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 19.0% on the year before.

How much did Kinetik Holdings earn in fiscal 2025?

Net income was $178 million for fiscal 2025, and diluted earnings per share $2.63.

What is Kinetik Holdings' P/E ratio?

At the close of 9 October 2026, Kinetik Holdings traded at 19.4 times its earnings over the twelve months to 30 June 2026.

What is Kinetik Holdings' market cap?

The market cap of Kinetik Holdings was $4.1 billion at the close of 9 October 2026.

Does Kinetik Holdings pay a dividend?

Yes. Kinetik Holdings declared $1.50 a share in dividends over the four quarters to 30 June 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Williams Companies, Inc. WMB$88.9 billion28.9523.3%38.2%8.7%2.132.8%
National Grid plc NGG *$79.5 billion17.738.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$72.3 billion20.8211.0%29.0%12.5%0.943.6%
TC Energy Corporation TRP *$62.5 billion26.1712.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.5 billion27.4062.0%22.9%-2.0%5.351.3%
DT Midstream, Inc. DTM$12.7 billion27.219.8%49.6%18.1%0.702.7%
Antero Midstream Corp. AM$10.0 billion25.1020.5%52.8%6.9%1.83n/a
Kodiak Gas Services, Inc. KGS$5.4 billion63.583.7%27.4%8.2%1.263.6%
Archrock, Inc. AROC$5.3 billion16.2921.2%n/a11.5%1.512.8%
Kinetik Holdings Inc. KNTK$4.1 billion19.37n/a10.5%14.1%n/a2.8%
MDU Resources Group Inc. MDU$3.9 billion19.726.7%17.0%-1.1%0.882.9%
Otter Tail Corp. OTTR$3.7 billion18.8510.4%17.2%-0.2%0.602.4%
All 69 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$161.4 billion17.3916.3%29.8%10.8%1.732.9%
Constellation Energy Corp. CEG$105.8 billion29.0610.8%14.7%26.0%0.600.1%
Southern Co. SO$97.1 billion20.7611.0%24.2%6.4%1.623.4%
Duke Energy Corp. DUK$91.0 billion17.549.6%27.8%6.3%1.503.6%
Williams Companies, Inc. WMB$88.9 billion28.9523.3%38.2%8.7%2.132.8%
National Grid plc NGG *$79.5 billion17.738.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$72.3 billion20.8211.0%29.0%12.5%0.943.6%
American Electric Power Co. Inc. AEP$66.8 billion21.299.8%23.0%10.3%1.583.0%
TC Energy Corporation TRP *$62.5 billion26.1712.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.5 billion27.4062.0%22.9%-2.0%5.351.3%
ONEOK Inc. OKE$56.6 billion15.4815.9%15.5%40.8%1.374.7%
Vistra Corp. VST$54.3 billion27.2440.5%18.5%3.8%3.570.6%
Dominion Energy, Inc. D$54.2 billion21.488.8%21.1%19.0%1.624.3%
Sempra SRE$53.2 billion23.587.0%n/a1.6%0.953.2%
Entergy Corp. ETR$47.1 billion26.369.9%22.9%9.5%1.812.4%
Xcel Energy Inc. XEL$46.1 billion20.219.3%19.1%4.7%1.543.1%
Exelon Corp. EXC$43.1 billion15.269.4%20.8%6.6%1.693.8%
Consolidated Edison Inc. ED$39.1 billion17.458.6%18.0%9.5%1.083.1%
Public Service Enterprise Group Inc. PEG$36.0 billion17.9811.6%23.1%12.7%1.363.5%
WEC Energy Group, Inc. WEC$33.8 billion20.1111.6%22.8%8.9%1.323.4%
Pg&E Corp. PCG$28.9 billion9.519.0%20.0%5.7%1.82n/a
Ameren Corp. AEE$28.3 billion17.9911.4%24.9%3.8%1.392.8%
Atmos Energy Corp. ATO$27.3 billion19.299.2%37.0%6.5%0.642.2%
DTE Energy Co. DTE$26.4 billion20.0410.8%13.3%15.9%2.133.5%
Firstenergy Corp. FE$26.0 billion23.948.4%14.6%12.6%2.104.0%
PPL Corp. PPL$25.8 billion20.268.4%24.1%6.7%1.323.2%
American Water Works Company, Inc. AWK$25.6 billion22.349.7%36.9%6.9%1.202.6%
Centerpoint Energy Inc. CNP$25.4 billion22.719.5%23.2%7.1%1.952.3%
Eversource Energy ES$24.8 billion17.038.9%21.5%7.8%1.634.6%
NRG Energy, Inc. NRG$22.7 billion28.0517.5%6.1%12.8%4.821.6%
Edison International EIX$21.3 billion5.7121.4%32.7%10.7%2.336.1%
CMS Energy Corp. CMS$20.5 billion19.6710.5%18.9%9.9%1.863.3%
Nisource Inc. NI$19.5 billion21.699.5%27.0%12.3%1.632.7%
Evergy, Inc. EVRG$18.7 billion20.609.1%26.2%3.6%1.203.3%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.1 billion20.8410.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.7 billion27.219.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$12.0 billion18.959.1%20.5%5.7%1.393.6%
Essential Utilities, Inc. WTRG$11.1 billion19.897.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$10.0 billion25.1020.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.6 billion20.409.4%24.2%0.6%1.123.6%
UGI Corp. UGI$8.0 billion12.4112.9%16.2%-0.5%1.284.0%
National Fuel GAS Co. NFG$7.5 billion10.9317.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.429.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion32.675.5%22.2%10.0%1.462.8%
Clearway Energy, Inc. CWEN$6.2 billion39.221.7%13.4%9.9%1.551.0%
Southwest Gas Holdings, Inc. SWX$6.1 billionn/an/an/an/a0.832.9%
Black Hills Corp. BKH$5.8 billion19.217.6%23.9%2.5%1.013.6%
Ormat Technologies, Inc. ORA$5.5 billion43.754.9%16.6%31.1%0.600.5%
Kodiak Gas Services, Inc. KGS$5.4 billion63.583.7%27.4%8.2%1.263.6%
Archrock, Inc. AROC$5.3 billion16.2921.2%n/a11.5%1.512.8%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.1413.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.7415.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.775.9%18.8%10.7%1.193.6%
One Gas, Inc. OGS$4.6 billion15.638.1%20.6%-0.8%0.743.7%
Kinetik Holdings Inc. KNTK$4.1 billion19.37n/a10.5%14.1%n/a2.8%
MDU Resources Group Inc. MDU$3.9 billion19.726.7%17.0%-1.1%0.882.9%
Otter Tail Corp. OTTR$3.7 billion18.8510.4%17.2%-0.2%0.602.4%
American States Water Co. AWR$3.3 billion22.5412.8%31.8%13.2%0.642.4%
Chesapeake Utilities Corp. CPK$3.1 billion20.399.0%27.3%14.6%0.902.1%
Avista Corp. AVA$3.0 billion12.818.0%18.8%-1.8%1.165.5%
California Water Service Group CWT$2.8 billion20.697.4%18.5%3.9%0.812.7%
MGE Energy Inc. MGEE$2.7 billion17.2510.4%22.0%7.1%0.612.6%
H2O America HTO$2.4 billion20.665.8%21.5%5.0%1.022.9%
Northwest Natural Holding Co. NWN$2.0 billion15.908.1%22.8%4.4%1.604.1%
Hawaiian Electric Industries Inc. HE$1.5 billion6.7412.9%11.5%5.1%1.2912.3%
Middlesex Water Co. MSEX$1.0 billion20.639.2%29.2%5.3%0.762.6%
Unitil Corp. UTL$953 million16.658.8%18.9%20.8%1.123.4%
9 companies share its SEC industry code (Natural Gas Transmission); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install