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Kinetik Holdings KNTK Midstream Logistics — (Loss) income before income taxes

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Pipeline Transportation
$56.81M-7.7%

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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)
Amortization of contract costs1,9501,950
Proportionate EMI EBITDA70,02970,029
Share-based compensation20,66320,663
Commodity hedging unrealized loss46,98746,987
Integration costs368368
Litigation costs11,61311,613
Other one-time costs or amortization1,526881,614
Income (loss) before income taxes$28,931$56,807$(91,641)$(5,903)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Kinetik Holdings's midstream logistics — (loss) income before income taxes?
Kinetik Holdings (KNTK) reported midstream logistics — (loss) income before income taxes of $28.93M in Q1 2026.
How has Kinetik Holdings's midstream logistics — (loss) income before income taxes changed year-over-year?
Kinetik Holdings's midstream logistics — (loss) income before income taxes decreased by 36.1% year-over-year, from $45.31M to $28.93M.
What is the long-term trend for Kinetik Holdings's midstream logistics — (loss) income before income taxes?
Over 4 years (2021 to 2025), Kinetik Holdings's midstream logistics — (loss) income before income taxes has grown at a 64.4% compound annual growth rate (CAGR), from -$34.43M to $251.44M.
What does midstream logistics — (loss) income before income taxes mean?
The pre-tax profitability of the midstream logistics segment, calculated as total revenues minus all operating, administrative, and non-operating expenses. This is a primary indicator of the segment's ability to generate earnings from its core gathering, processing, and transportation activities.

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