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

$2.97B

P/E (TTM)

11.8

23.6

Dividend Yield

6.8%

52W High

$55.96

52W Low

$31.33

52W Range

61%

Rank42Top 47.5%

3.9

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Weak • 3.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

$430.42M+0.00%

4-Quarter Trend

EPS

$2.24+0.00%

4-Quarter Trend

FCF

$28.62M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Jumps 19% Total operating revenues reached $1.76B, up 19%, driven by 23% growth in product revenue to $1.31B.

Net Income Soars 115% Net income totaled $525.9M, increasing 115% versus 2024, significantly boosted by $415.4M EPIC Sale gain.

Adjusted EBITDA Growth Slow Adjusted EBITDA grew 2% to $987.7M, despite operating income declining 8% to $164.9M for the year.

Strategic Acquisitions Completed Completed Barilla Draw bolt-on acquisition for $175.5M cash consideration in Q1 2025, expanding crude gathering assets.

Risk Factors

Geographic Asset Concentration Majority of operating assets located in Permian Basin, vulnerable to regional supply/demand factors and weather conditions.

Customer Production Dependence Success relies on customer development activity maintaining throughput volumes against natural production decline rates.

Regulatory and Environmental Costs Operations face complex, frequently changing environmental laws; compliance costs could materially affect financial condition.

Major Shareholder Influence Entities controlled by Blackstone and I Squared strongly influence corporate actions due to majority voting share ownership.

Outlook

Capital Spending Focused Expansion 2026 CapEx estimated $450M–$510M, with nearly 70% targeting New Mexico expansion, including ECCC Pipeline completion.

Kings Landing AGI Project Final investment decision reached for Kings Landing AGI project; expected in-service by year-end 2026 for H2S/CO2 handling.

Debt Management and Liquidity Issued $250.0M New 2028 Notes; liquidity stands at $1.22B, supporting planned quarterly dividends over next 12 months.

Emissions Reduction Efforts Advanced emissions reduction via regular leak detection surveys and deploying advanced methane monitoring technologies across assets.

Peer Comparison

Revenue (TTM)

$10.72B

-9.5%

PTEN

$4.83B

-10.3%

$4.09B

+48.2%

Gross Margin (Latest Quarter)

WHD

92.8%

-3.7pp

INSW

54.3%

-1.4pp

DHT

51.2%

-0.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
TDW	$4.35B	13.0	28.1%	27.4%
INSW	$3.73B	12.1	16.0%	21.6%
OII	$3.51B	10.0	39.3%	18.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.0%

Flat Growth

4Q Net Income CAGR

95.2%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data