KNTK Q1 2023 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q1 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$281M+9.2% YoY

Gross Profit

$96M34.3% margin

Operating Income

$27M9.7% margin

Net Income

$4M1.5% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$120M

Free Cash Flow

$51M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$3.8B

Stockholders' Equity

-$636M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$281M	$257M	+9.2%
Gross Profit	$96M	$76M	+26.8%
Operating Income	$27M	$19M	+43.0%
Net Income	$4M	$16M	-73.8%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$174M62%

Gathering and Processing Services

$103M37%

Product and Service, Other

$4M1%