Friday 6 November 2026 Export KNTK’s income statement to Excel — free account

Kinetik Holdings Inc.

Kinetik Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 19.0% from fiscal 2024.

Revenue: +22.7%
EPS: +766.7%
Free cash flow: +692.5%
Total debt: −4.89%

Quarter to September 2026, against a year earlier

49.33 1.84 −3.60%

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Market cap: $8.0B
P/E: 16.3×
Fwd P/E: 38.9×
Dividend yield: 6.57%
F-score: 5/9
Altman Z: 0.32
Beneish M: −2.47
Dividend safety: 12/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Kinetik Holdings Inc. (KNTK) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
Midstream Logistics	1,474	99.37%
Pipeline Transportation	35	2.39%
Gross margin		44.93%
Operating margin		12.09%
Pre-tax margin		18.02%

Revenue by product or service $m

Line	FY2025	FY2024	FY2022	FY2021	FY2020	FY2017
Natural gas, NGLs and condensate sales	1,307 74.09%	1,063 71.68%	806 66.45%	386 58.25%	135 32.99%	—
Gathering and processing services	445 25.25%	408 27.51%	394 32.46%	273 41.19%	273 66.52%	—
Minimum Volume Commitments	2 0.11%	0 0.01%	4 0.33%	3 0.38%	0 0.02%	—
Natural Gas, Processing	—	—	—	—	—	11 72.89%
Natural Gas, Transmission	—	—	—	—	—	3 21.69%
Natural Gas, Gathering	—	—	—	—	—	1 5.42%
Natural Gas Liquids	—	—	—	—	—	0 0.00%
Also reported: a second breakdown of the same revenue
Product revenue	1,307 74.09%	1,063 71.68%	806 66.45%	386 58.25%	135 32.99%	—
Service revenue	445 25.25%	408 27.51%	394 32.46%	273 41.19%	273 66.52%	—
Other revenue	12 0.66%	12 0.81%	13 1.09%	4 0.57%	2 0.49%	—
Product and Service	1,753	1,471	1,200	—	—	—
Revenue	1,764	1,483	1,213	662	410	15

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2022	FY2021	FY2020	FY2017
Service revenue	‡	‡	‡	‡	‡	‡
Product revenue	‡	‡	‡	‡	‡	‡
Product, Excess Recovery Volumnes	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020
Midstream Logistics	1,474 99.37%	1,250 99.46%	1,212 99.85%	662 100.00%	410 100.00%
Pipeline Transportation	35 2.39%	8 0.67%	2 0.15%	0 0.00%	0 0.00%
Eliminations	(26) (1.76%)	—	—	—	—
Revenue	1,483	1,256	1,213	662	410

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Gas processed volumes	Q3 FY2026	1.9B	1.8B	+5.43%
Remaining performance obligations	Q3 FY2026	$418.8M	$475.0M	−11.84%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.