KNTK Q1 2024 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$341M+21.5% YoY

Gross Profit

$114M33.4% margin

Operating Income

$26M7.6% margin

Net Income

$35M10.4% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$94M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.8B

Stockholders' Equity

-$973M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$341M	$281M	+21.5%
Gross Profit	$114M	$96M	+18.5%
Operating Income	$26M	$27M	-4.3%
Net Income	$35M	$4M	+723.6%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$237M69%

Gathering and Processing Services

$102M30%

Product and Service, Other

$3M1%