KNTK Q3 2024 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q3 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$396M+20.0% YoY

Gross Profit

$164M41.4% margin

Operating Income

$73M18.4% margin

Net Income

$84M21.1% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

+10.3%

Cash Flow

Operating Cash Flow

$214M

Free Cash Flow

$151M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.8B

Stockholders' Equity

-$1.7B

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$396M	$330M	+20.0%
Gross Profit	$164M	$113M	+45.8%
Operating Income	$73M	$38M	+89.8%
Net Income	$84M	$43M	+94.0%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$290M73%

Gathering and Processing Services

$103M26%

Product and Service, Other

$3M1%