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Kinetik Holdings KNTK Midstream Logistics — Unrealized Gain (Loss) on Derivatives

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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$7.98B+219%
Enterprise value$11.87B+82.7%
P/E46.8×+5.8×
P/S4.6×+3.1×

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:UnrealizedGainLossOnDerivatives.

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 — unrealized gain (loss) on derivatives?
Kinetik Holdings (KNTK) reported midstream logistics — unrealized gain (loss) on derivatives of $46.99M in Q1 2026.
How has Kinetik Holdings's midstream logistics — unrealized gain (loss) on derivatives changed year-over-year?
Kinetik Holdings's midstream logistics — unrealized gain (loss) on derivatives increased by 159.2% year-over-year, from $18.13M to $46.99M.
What is the long-term trend for Kinetik Holdings's midstream logistics — unrealized gain (loss) on derivatives?
Over 2 years (2023 to 2025), Kinetik Holdings's midstream logistics — unrealized gain (loss) on derivatives has grown at a 298.4% compound annual growth rate (CAGR), from $4.29M to $68.1M.
What does midstream logistics — unrealized gain (loss) on derivatives mean?
The non-cash change in the fair value of derivative financial instruments used by the midstream logistics segment to hedge commodity price risks. This metric captures the volatility of market-to-market valuations on hedging positions that have not yet been settled.

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