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Kinetik Holdings KNTK Minimum Volume Commitments — Total revenues

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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

There have been no significant changes to the Company’s contracts with customers during the three months ended March 31, 2026. The Company recognized $2.0 million and $0.3 million in revenues from MVC deficiency payments for the three months ended March 31, 2026 and 2025, respectively.

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Kinetik Holdings's minimum volume commitments — total revenues?
Kinetik Holdings (KNTK) reported minimum volume commitments — total revenues of $2M in Q1 2026.
How has Kinetik Holdings's minimum volume commitments — total revenues changed year-over-year?
Kinetik Holdings's minimum volume commitments — total revenues increased by 566.7% year-over-year, from $300K to $2M.
What is the long-term trend for Kinetik Holdings's minimum volume commitments — total revenues?
Over 4 years (2021 to 2025), Kinetik Holdings's minimum volume commitments — total revenues has grown at a -6.6% compound annual growth rate (CAGR), from $2.5M to $1.9M.
What does minimum volume commitments — total revenues mean?
This metric represents the total revenue generated from service agreements where customers are contractually obligated to deliver a minimum volume of oil or gas for gathering, processing, or transportation. It serves as a key indicator of the stability and predictability of cash flows derived from take-or-pay or similar volume-based commitments within the midstream infrastructure network. High revenue in this category reflects strong utilization of assets and effective long-term contracting strategies with producers.

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