KNTK (Kinetik Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

KNTK (Kinetik Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

KNTKKinetik Holdings Inc.

Mkt Cap$3B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$1.8B

Net Income (TTM)$252M

EPS (TTM)$2.57

Free Cash Flow (TTM)$351M

Gross Margin31.6%

Op. Margin9.3%

Net Margin14.3%

FCF Margin19.9%

P/S Ratio (TTM)1.7x

P/E Ratio (TTM)11.7x

YoY Rev Growth+19.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$281M	$96M	$27M
Q2 23	$296M	$116M	$37M
Q3 23	$330M	$113M	$38M
Q4 23	$349M	$135M	$56M
Q1 24	$341M	$114M	$26M
Q2 24	$359M	$138M	$57M
Q3 24	$396M	$164M	$73M
Q4 24	$386M	$122M	$24M
Q1 25	$443M	$127M	$19M
Q2 25	$427M	$176M	$77M
Q3 25	$464M	$158M	$20M
Q4 25	$430M	$96M	$48M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.4x	24.0x
Q2 23	2.5x	17.1x
Q3 23	2.5x	17.7x
Q4 23	2.4x	7.7x
Q1 24	2.2x	7.1x
Q2 24	2.1x	6.5x
Q3 24	2.0x	6.0x
Q4 24	2.0x	12.1x
Q1 25	1.9x	13.0x
Q2 25	1.8x	15.3x
Q3 25	1.7x	23.6x
Q4 25	1.7x	11.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$120M	$51M
Q2 23	$111M	$6M
Q3 23	$175M	$88M
Q4 23	$179M	$110M
Q1 24	$154M	$94M
Q2 24	$126M	$86M
Q3 24	$214M	$151M
Q4 24	$144M	$32M
Q1 25	$177M	$95M
Q2 25	$129M	$211M
Q3 25	$188M	$16M
Q4 25	$110M	$29M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$69M
Q2 23	$106M
Q3 23	$87M
Q4 23	$69M
Q1 24	$60M
Q2 24	$40M
Q3 24	$63M
Q4 24	$112M
Q1 25	$81M
Q2 25	$81M
Q3 25	$172M
Q4 25	$81M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.2%	+6.5%
Q2 23	-11.7%	-12.3%
Q3 23	+1.6%	+4.5%
Q4 23	+18.1%	+16.9%
Q1 24	+21.5%	+24.2%
Q2 24	+21.4%	+17.1%
Q3 24	+20.0%	+10.8%
Q4 24	+10.6%	+23.7%
Q1 25	+29.8%	+34.5%
Q2 25	+18.7%	+15.3%
Q3 25	+17.1%	+37.3%
Q4 25	+11.6%	+5.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$18M	6.2%
Q2 23	$13M	4.5%
Q3 23	$13M	3.8%
Q4 23	$13M	3.6%
Q1 24	$23M	6.6%
Q2 24	$15M	4.2%
Q3 24	$15M	3.8%
Q4 24	$24M	6.1%
Q1 25	$21M	4.7%
Q2 25	-$21M	-4.8%
Q3 25	$14M	3.1%
Q4 25	$21M	4.8%

OpEx Breakdown

Quarter	G&A
Q1 23	$28M
Q2 23	$23M
Q3 23	$23M
Q4 23	$25M
Q1 24	$34M
Q2 24	$31M
Q3 24	$30M
Q4 24	$39M
Q1 25	$38M
Q2 25	$24M
Q3 25	$30M
Q4 25	$39M

Revenue Segments

Quarter	Gathering and Processing Services	Natural Gas, NGLs and Condensate Sales	Product and Service, Other
Q1 23	$103M	$174M	$4M
Q2 23	$103M	$191M	$2M
Q3 23	$104M	$221M	$5M
Q4 23	$107M	$236M	$6M
Q1 24	$102M	$237M	$3M
Q2 24	$96M	$260M	$3M
Q3 24	$103M	$290M	$3M
Q1 25	$128M	$313M	$3M
Q2 25	$113M	$312M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2M	$0	$2M
Q2 23	$2M	$0	$2M
Q3 23	$68K	$0	$68K
Q4 23	$5M	$0	$5M
Q1 24	$10M	$0	$10M
Q2 24	$13M	$0	$13M
Q3 24	$20M	$0	$20M
Q4 24	$4M	$0	$4M
Q1 25	$9M	$0	$9M
Q2 25	$11M	$0	$11M
Q3 25	$8M	$0	$8M
Q4 25	$4M	$0	$4M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	48M	+7.1%
Q2 23	51M	+6.3%
Q3 23	53M	+5.6%
Q4 23	56M	+4.5%
Q1 24	58M	+4.5%
Q2 24	60M	+3.2%
Q3 24	60M	+0.2%
Q4 24	61M	+0.2%
Q1 25	61M	+0.7%
Q2 25	62M	+1.1%
Q3 25	62M	+1.2%
Q4 25	65M	+3.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	$8M	2
FY 18	$286M	2
FY 19	$189M	2
FY 20	$205M	2
FY 21	$331M	2
FY 22	$4M	300
FY 23	$4M	330
FY 24	$3M	460
FY 25	$4M	500