Kinetik Holdings Inc. (KNTK) Financial Statements (2025 and earlier)

Company Profile

Business Address 2700 POST OAK BLVD.
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5106,394131,96324,1885,983449,935
Cash and cash equivalent4,5106,394131,96324,1885,983449,935
Receivables215,721204,03623,59211,82415,46110,914
Inventory, net of allowances, customer advances and progress billings3,1004,8002,9583,5974,0275,802
Inventory3,1004,8002,9583,5974,0275,802
Contract with customer, asset, after allowance for credit loss   2,2491,033  
Derivative instruments and hedges, assets7,8126,963    
Other undisclosed current assets26,15619,6745,8662,1276,2661,379
Total current assets:257,299241,867166,62842,76931,737468,030
Noncurrent Assets
Operating lease, right-of-use asset37,56928,551   ✕
Property, plant and equipment2,743,2272,535,212186,987195,836205,802 
Oil and gas, full cost method, property and equipment, after accumulated depletion      1,226,897
Long-term investments and receivables2,540,9892,381,340    
Long-term investments2,540,9892,381,340    
Intangible assets, net (including goodwill)596,747700,466    
Goodwill5,0775,077    
Intangible assets, net (excluding goodwill)591,670695,389    
Derivative instruments and hedges165     
Regulated entity, other noncurrent assets31,50026,500    
Deferred income tax assets235,627    ✕
Other noncurrent assets  1,371,0551,561,0251,263,315162,392
Other undisclosed noncurrent assets53,7505,775    
Total noncurrent assets:6,239,5745,677,8441,558,0421,756,8611,469,1171,389,289
TOTAL ASSETS:6,496,8735,919,7111,724,6701,799,6301,500,8541,857,319
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211,421191,813    
Accounts payable34,00017,899    
Accrued liabilities177,421173,914    
Deferred revenue6,4776,607   ✕
Debt    9,767 
Derivative instruments and hedges, liabilities1,7345,718    
Other liabilities7,7867,48715,6825,61323,92584,926
Due to related parties✕✕  18,750 13,595
Other undisclosed current liabilities22,72616,20311,5625,620  
Total current liabilities:250,144227,82827,24429,98333,69298,521
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,562,8093,368,510    
Other undisclosed long-term debt and lease obligation3,562,8093,368,510    
Liabilities, other than long-term debt56,93650,739135,344208,610167,63832,012
Deferred revenue25,76122,693   ✕
Asset retirement obligations   68,33164,06260,095 
Deferred income tax liabilities13,24411,018   ✕
Other liabilities3,2192,67710,1185,5394,61432,012
Operating lease, liability9,3496,023   ✕
Derivative instruments and hedges, liabilities5,3638,32856,895139,009102,929 
Other undisclosed noncurrent liabilities   657,000624,000  
Total noncurrent liabilities:3,619,7453,419,249792,344832,610167,63832,012
Other undisclosed liabilities     396,000 
Total liabilities:3,869,8893,647,077819,588862,593597,330130,533
Temporary equity, including noncontrolling interest3,157,8073,112,409769,900575,100701,0001,940,500
Equity
Equity, attributable to parent, including:(530,823)(839,775)(577,249)(246,469)(353,075)(213,714)
Additional paid in capital 192,678118,840 144,71639,792 
Accumulated other comprehensive loss    (145)(266) 
Accumulated deficit(723,516)(958,629)(577,251)(391,042)(392,633)(213,746)
Other undisclosed equity, attributable to parent1514223232
Other undisclosed equity   712,431608,406555,599 
Total equity:(530,823)(839,775)135,182361,937202,524(213,714)
TOTAL LIABILITIES AND EQUITY:6,496,8735,919,7111,724,6701,799,6301,500,8541,857,319

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,256,4121,213,490160,617148,409135,79878,358
Cost of revenue(696,029)(698,133)(74,946)(66,880)(108,041)(81,730)
Cost of product and service sold(515,721)(541,518)  (55,858)(53,922)
Gross profit:560,383515,35785,67181,52927,757(3,372)
Operating expenses(401,128)(364,868)(20,059)(19,913)(1,313,548)(7,368)
Operating income (loss):159,255150,48965,61261,616(1,285,791)(10,740)
Nonoperating income (expense)(5,711)102,84844,20720,36213,583 
Investment income, nonoperating      
Other nonoperating income (expense)   12,574(2,306)(622) 
Interest and debt expense(217,930)(142,430)(9,431)(9,775)(6,384)(107)
Other undisclosed income from continuing operations before equity method investments, income taxes    7,5854,592107
Income (loss) from continuing operations before equity method investments, income taxes:(64,386)110,907100,38879,788(1,274,000)(10,740)
Income from equity method investments    58,739  
Other undisclosed income (loss) from continuing operations before income taxes217,930142,430(1,167)   
Income (loss) from continuing operations before income taxes:153,544253,33799,221138,527(1,274,000)(10,740)
Income tax expense (benefit)232,908(2,616) 696(64,900)10,501
Income (loss) from continuing operations:386,452250,72199,221139,223(1,338,900)(239)
Income (loss) before gain (loss) on sale of properties:✕✕✕99,221139,223(1,338,900)(239)
Other undisclosed net loss    (58,739)  
Net income (loss):386,452250,72199,22180,484(1,338,900)(239)
Net income (loss) attributable to noncontrolling interest(97,010)(209,986)(113,165)(78,893)969,230(4,149)
Net income (loss) available to common stockholders, basic:289,44240,735(13,944)1,591(369,670)(4,388)
Dilutive securities, effect on basic earnings per share   (48,741)2,987  
Other undisclosed net income (loss) available to common stockholders, diluted79,604     
Net income (loss) available to common stockholders, diluted:369,04640,735(62,685)4,578(369,670)(4,388)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):386,452250,72199,22180,484(1,338,900)(239)
Other comprehensive loss     (266) 
Other undisclosed comprehensive income (loss)   630523(886) 
Comprehensive income (loss):386,452250,72199,85181,007(1,340,052)(239)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (4,149)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (113,650) 970,116 
Comprehensive income (loss), net of tax, attributable to parent:386,452250,721(13,799)81,007(369,936)(4,388)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: