KNTK Q3 2023 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q3 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$330M+1.6% YoY

Gross Profit

$113M34.1% margin

Operating Income

$38M11.6% margin

Net Income

$43M13.1% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+11.5%

Cash Flow

Operating Cash Flow

$175M

Free Cash Flow

$88M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$3.9B

Stockholders' Equity

-$838M

Cash & Equivalents

$68,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$330M	$325M	+1.6%
Gross Profit	$113M	$115M	-2.0%
Operating Income	$38M	$46M	-16.2%
Net Income	$43M	$49M	-11.5%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$221M67%

Gathering and Processing Services

$104M32%

Product and Service, Other

$5M1%