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Kinetik Holdings

KNTK

Kinetik Holdings Inc. is a pure-play midstream energy company operating primarily in the Delaware Basin of the Permian Basin.

Market cap
$3.59B+38.2%
Revenue$1.7B+9.2%
Net income$170.5M+129%
Free cash flow$233.1M-37.7%
EPS (diluted)$2.51+164%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$445.7M
EPS estimate$0.24

Financials

Q1 2026

Income statement

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Revenue$410.0M-7.5%
Gross profit$221.3M+0.6%
Operating income-$3.8M-120%
Net income-$1.7M-127%
EPS (diluted)-$0.07-240%

Balance sheet

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Cash & equivalents$720.0K-91.9%
Total debt$3.9B+3.6%
Total equity-$1.7B+34.5%
Total assets$7.1B+1.1%

Cash flow

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Operating cash flow$180.4M+2.0%
CapEx$83.0M+11.4%
Free cash flow$97.4M-4.8%

Valuation & ratios

Valuation

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Market cap$3.59B+38.2%
Enterprise value$7.48B+14.0%
P/E21.1×-21.0×
P/S2.1×+0.5×

Profitability

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Gross margin56.6%+0.2pp
Operating margin8.2%-2.7pp
Net margin9.8%+5.1pp

Returns & leverage

See full
Current ratio0.6×-0.1×

Segments

By segment

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Midstream Logistics$407.7M-7.5%
Pipeline Transportation$9.1M+26.4%

By product

See full
Service revenue$93.8M-26.7%

Competitors

Profile

Kinetik Holdings Inc. is a pure-play midstream energy company operating primarily in the Delaware Basin of the Permian Basin. The company provides a comprehensive suite of services including natural gas gathering, transportation, compression, processing, and treating, as well as water management and crude oil midstream solutions. Its core value proposition lies in its integrated asset footprint that connects upstream production to key demand centers and export markets.

Competitive position

A leading pure-play midstream provider in the Delaware Basin with significant integrated infrastructure and strategic equity interests in major takeaway pipelines.

GeographiesUnited States, Permian Basin, Delaware Basin, Texas
Customer segmentsUpstream E&P companies, Energy marketers, Refiners
Business modelFee-based service, Volume-based gathering and processing, Equity method investment
SuppliersUpstream oil and gas drilling activity, Steel pipeline manufacturers, Compression equipment suppliers
CustomersNatural gas utilities, LNG export facilities, Petrochemical plants, Crude oil refineries
Listed2022
Employees330.0
CEOJamie W. Welch
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Kinetik Holdings's market cap?
Kinetik Holdings (KNTK) has a market capitalization of $3.6B and trades on NYSE.
What is Kinetik Holdings's revenue and profitability?
Kinetik Holdings generated $1.7B in trailing twelve-month revenue with net income of $170.5M, representing a net margin of 9.8%. Gross margin stands at 56.6%, with free cash flow of $233.1M. These figures are based on the Q1 2026 filing.
Who are Kinetik Holdings's competitors?
Kinetik Holdings's key competitors include Energy Transfer LP, Targa Resources Corp., Enterprise Products Partners L.P., and others. These companies compete in similar markets and product categories.
Who does Kinetik Holdings partner with?
Kinetik Holdings's notable partners include APA Corporation, Plains All American Pipeline, L.P., PNC Bank, and others.
What subsidiaries does Kinetik Holdings have?
Kinetik Holdings's subsidiaries include Kinetik Holdings LP, Altus Midstream LP, Frontier Field Services, LLC, and others.
Where is Kinetik Holdings headquartered?
Kinetik Holdings is headquartered in United States of America and employs approximately 330 people. It has been publicly traded since 2022.