KNTK Q2 2024 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q2 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$359M+21.4% YoY

Gross Profit

$138M38.4% margin

Operating Income

$57M15.7% margin

Net Income

$109M30.3% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

$86M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.8B

Stockholders' Equity

-$1.2B

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$359M	$296M	+21.4%
Gross Profit	$138M	$116M	+18.6%
Operating Income	$57M	$37M	+51.1%
Net Income	$109M	$72M	+52.0%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$260M72%

Gathering and Processing Services

$96M27%

Product and Service, Other

$3M1%