NYSE: KNTK
Kinetik Holdings Inc.CIK 0001692787 · Utilities · SIC 4922 · Natural Gas Distribution
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Q2 revenue +36%, operating income +73% on higher NGL volumes and prices; dividend raised to $0.81
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Kinetik adds former Blackstone energy executive Craig Harris to Board
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Q1 2026 Adjusted EBITDA flat as lower pipeline earnings offset by cost discipline
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Kinetik reports record Q1 Adjusted EBITDA, extends major contracts to 2039
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Latest financial statements
From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 581.4 | 426.7 |
| Operating expenses: | ||
| General and administrative | 26.3 | 24.2 |
| Total operating expenses | 80.3 | 74.6 |
| Operating income | 134.0 | 77.5 |
| Other income/(expense), net | 3.6 | 4.3 |
| Income before income taxes | 137.5 | 81.7 |
| Income tax expense/(benefit) | 14.4 | 7.3 |
| Net income | 49.5 | 23.6 |
| Basic earnings per share | 0.65 | 0.33 |
| Diluted earnings per share | 0.64 | 0.33 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Jun 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 7.8 | 10.7 |
| Accounts receivable, net | 60.9 | 62.9 |
| Prepaid expenses and other current assets | 36.1 | 36.9 |
| Other current assets | 244.8 | 202.1 |
| Total current assets | 349.7 | 312.6 |
| Property, plant and equipment, net | 3,943 | 3,732 |
| Operating lease right-of-use assets, net | 50.1 | 79.6 |
| Finite-lived intangible assets, net | 493.6 | 607.8 |
| Goodwill | 5.1 | 5.1 |
| Deferred income taxes and other assets | 281.6 | 222.8 |
| Other long-term assets | 2,079 | 2,191 |
| TOTAL ASSETS | 7,202 | 7,151 |
| Current liabilities: | ||
| Current portion of long-term debt | 225.0 | 189.3 |
| Accounts payable | 48.6 | 36.6 |
| Current portion of operating lease liabilities | 35.5 | 42.5 |
| Accrued liabilities | 173.1 | 218.6 |
| Income taxes payable | 16.6 | 14.2 |
| Deferred revenue, current | 5.2 | 5.8 |
| Total current liabilities | 512.4 | 501.8 |
| Long-term debt | 3,701 | 3,737 |
| Operating lease liabilities | 16.0 | 38.0 |
| Deferred income taxes and other liabilities | 22.8 | 18.2 |
| Total liabilities | 4,290 | 4,341 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 495.0 | 288.3 |
| Retained earnings (deficit) | (1,680) | (1,781) |
| Treasury stock | 72.6 | |
| Total shareholders' equity | (1,185) | (1,566) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 7,202 | 7,151 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 341.5 | 305.9 |
| Investing Activities: | ||
| Net cash from investing activities | (204.2) | (391.6) |
| Financing Activities: | ||
| Net cash from financing activities | (133.4) | 92.8 |
| Net increase/(decrease) in cash | 3.9 | 7.1 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗