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Kinetik Holdings Inc.

Kinetik Holdings Inc.

NASDAQ•KNTK
CEO: Mr. Jamie W. Welch
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 2018-11-13
Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. The company was founded in 2017 and is based in Houston, Texas.
Contact Information
2700 Post Oak Boulevard, Suite 300, Houston, TX, 77056-4400, United States
713-621-7330
www.kinetik.com
Market Cap
$2.22B
P/E (TTM)
36.9
26.5
Dividend Yield
8.6%
52W High
$67.60
52W Low
$31.33
52W Range
14%
Rank51Top 58.4%
3.4
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024

Financial Dashboard

Q3 2025 Data

Revenue

$463.97M+17.06%
4-Quarter Trend

EPS

$0.03-91.43%
4-Quarter Trend

FCF

$16.30M-89.19%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Surges 22% Total operating revenues reached $1.33 B for nine months, up 22%, driven by higher product sales and acquisitions.
Operating Cash Flow Stable Net cash provided by operating activities was $494.03 M for nine months, remaining stable compared to prior year period.
Financing Swings to Inflow Financing activities provided $73.03 M cash inflow, shifting from a $411.52 M outflow due to new credit facilities.
Net Income Declines Sharply Net income attributable to Class A shareholders dropped 52% to $35.04 M for nine months ended September 30, 2025.

Risk Factors

Profitability Under Pressure Operating income fell 25% to $116.52 M for nine months, reflecting increased cost of sales and operating expenses.
Investing Cash Outflow Rises Cash used in investing activities increased significantly to $562.93 M, primarily due to capital spending and acquisitions.
Commodity Price Volatility Risk Continued volatility in NGL, crude oil, and natural gas prices exposes revenue streams to potential adverse effects.
Debt Levels Remain High Total long-term debt, net stands at $3.96 B as of period end, requiring ongoing interest expense management.

Outlook

EPIC Sale Consummated Post-period, the Company closed the EPIC Sale, receiving $504.2 M upfront cash for its 27.5% interest in EPIC.
Liquidity Forecast Positive Anticipates sufficient cash flow from operations and distributions to cover capital needs and planned quarterly dividends.
Capital Spending Focused Nine months capital spending totaled $390.0 M, heavily weighted toward the recently completed Kings Landing Project.
Managing Interest Rate Risk Utilizing interest rate swaps to mitigate exposure on $2.11 B of floating rate debt outstanding as of September 30, 2025.

Peer Comparison

Revenue (TTM)

Patterson-UTI Energy, Inc.PTEN
$4.84B
-16.6%
Helmerich & Payne, Inc.HP
$3.75B
+35.9%
Oceaneering International, Inc.OII
$2.83B
+8.7%

Gross Margin (Latest Quarter)

Cactus, Inc.WHD
53.2%
+14.2pp
Tidewater Inc.TDW
48.0%
+19.1pp
TORM plcTRMD
36.3%
-22.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WHD$3.18B17.516.1%2.1%
HP$2.92B-17.9-5.8%30.8%
TDW$2.76B18.213.4%30.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.4%
Steady Growth
4Q Net Income CAGR
41.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$0.27
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $463.97M+17.1%
    |
    EPS: $0.03-91.4%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $426.74M+18.7%
    |
    EPS: $0.33-38.9%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $443.26M+29.8%
    |
    EPS: $0.05-61.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $1.48B+18.0%
    |
    EPS: $1.03-85.5%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $396.36M+20.0%
    |
    EPS: $0.35+66.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $359.46M+21.4%
    |
    EPS: $0.54+31.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $341.39M+21.5%
    |
    EPS: $0.12-300.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 5, 2024|
    Revenue: $1.26B+3.5%
    |
    EPS: $7.12+381.1%
    Beat