KNTK Q1 2022 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q1 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$257M+73.7% YoY

Gross Profit

$76M29.5% margin

Operating Income

$19M7.4% margin

Net Income

$16M6.4% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+17.3%

Cash Flow

Operating Cash Flow

$98M

Free Cash Flow

$66M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.0B

Total Liabilities

$3.5B

Stockholders' Equity

-$1.1B

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$257M	$148M	+73.7%
Gross Profit	$76M	$55M	+37.8%
Operating Income	$19M	$32M	-39.6%
Net Income	$16M	$18M	-9.6%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$175M68%

Gathering and Processing Services

$80M31%

Product and Service, Other

$2M1%