KNTK Q2 2022 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q2 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$336M+147.2% YoY

Gross Profit

$116M34.7% margin

Operating Income

$41M12.1% margin

Net Income

$22M6.5% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

+30.4%

Cash Flow

Operating Cash Flow

$171M

Free Cash Flow

$123M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$6.0B

Total Liabilities

$3.4B

Stockholders' Equity

-$1.2B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$336M	$136M	+147.2%
Gross Profit	$116M	$35M	+231.3%
Operating Income	$41M	$644,000	+6206.1%
Net Income	$22M	-$15M	+242.8%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$230M68%

Gathering and Processing Services

$102M30%

Product and Service, Other

$4M1%