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Kinetik Holdings KNTK Midstream Logistics — General and administrative expenses

Other segment segments

Pipeline Transportation
$260K-30.1%

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Other financials

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

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Market cap$3.69B+45.9%
Enterprise value$7.58B+16.2%
P/E21.7×-19.8×
P/S2.1×+0.6×

Profitability

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Gross margin56.6%+0.2pp
Operating margin8.2%-2.7pp
Net margin9.8%+5.1pp
FCF margin10%-21.1pp

Returns & leverage

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Return on equity-3,232.9%
Debt / equity242,364.7×
Current ratio0.6×-0.1×

Where this comes from

Reported directly by Kinetik Holdings in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The source filing: Kinetik Holdings’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001692787-26-000092
For the three months ended March 31, 2026Midstream Logistics / (In thousands)Pipeline Transportation / (In thousands)Corporate and Other(1) / (In thousands)Elimination / (In thousands)Consolidated / (In thousands)
Costs of sales (excluding depreciation and amortization)(188,588)(136)(188,724)
Intersegment costs of sales(6,824)6,824
Operating expenses(3)(78,302)(774)(79,076)
General and administrative expenses(5,510)(260)(38,430)(44,200)
Proportionate EMI EBITDA70,02970,029
Other segment items(4)50,46332,73283,195
Segment Adjusted EBITDA(5)$178,921$77,977$(5,698)$251,200
Reconciliation of Segment Adjusted EBITDA to income (loss) before income taxes

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Kinetik Holdings's midstream logistics — general and administrative expenses?
Kinetik Holdings (KNTK) reported midstream logistics — general and administrative expenses of $5.51M in Q1 2026.
How has Kinetik Holdings's midstream logistics — general and administrative expenses changed year-over-year?
Kinetik Holdings's midstream logistics — general and administrative expenses decreased by 22.7% year-over-year, from $7.13M to $5.51M.
What is the long-term trend for Kinetik Holdings's midstream logistics — general and administrative expenses?
Over 3 years (2022 to 2025), Kinetik Holdings's midstream logistics — general and administrative expenses has grown at a 9.6% compound annual growth rate (CAGR), from $18.16M to $23.88M.
What does midstream logistics — general and administrative expenses mean?
Overhead costs allocated to the midstream logistics segment for management, administrative support, and corporate functions. This captures the fixed cost burden required to support the segment's operational activities.

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