KNTK Q2 2023 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$296M-11.7% YoY

Gross Profit

$116M39.2% margin

Operating Income

$37M12.6% margin

Net Income

$72M24.2% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$111M

Free Cash Flow

$6M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.9B

Stockholders' Equity

-$906M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$296M	$336M	-11.7%
Gross Profit	$116M	$116M	-0.0%
Operating Income	$37M	$41M	-7.8%
Net Income	$72M	$22M	+226.6%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$191M65%

Gathering and Processing Services

$103M35%

Product and Service, Other

$2M1%