KNTK Q4 2023 Earnings — Kinetik Holdings Inc. Revenue & Financial Results | Market Cap Arena

KNTKKinetik Holdings Inc.

$3B

Q4 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$349M+18.1% YoY

Gross Profit

$135M38.6% margin

Operating Income

$56M16.1% margin

Net Income

$267M76.6% margin

EPS (Diluted)

$1.70

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$179M

Free Cash Flow

$110M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$3.9B

Stockholders' Equity

-$531M

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$349M	$295M	+18.1%
Gross Profit	$135M	$104M	+28.8%
Operating Income	$56M	$45M	+24.7%
Net Income	$267M	$48M	+451.7%

Revenue Segments

Natural Gas, NGLs and Condensate Sales

$236M68%

Gathering and Processing Services

$107M31%

Product and Service, Other

$6M2%