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Kinetik Holdings KNTK Pipeline Transportation — General and administrative expenses

Other segment segments

Midstream Logistics
$5.51M-22.7%

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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: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 pipeline transportation — general and administrative expenses?
Kinetik Holdings (KNTK) reported pipeline transportation — general and administrative expenses of $260K in Q1 2026.
How has Kinetik Holdings's pipeline transportation — general and administrative expenses changed year-over-year?
Kinetik Holdings's pipeline transportation — general and administrative expenses decreased by 30.1% year-over-year, from $372K to $260K.
What is the long-term trend for Kinetik Holdings's pipeline transportation — general and administrative expenses?
Over 3 years (2022 to 2025), Kinetik Holdings's pipeline transportation — general and administrative expenses has grown at a -4.5% compound annual growth rate (CAGR), from $1.29M to $1.12M.
What does pipeline transportation — general and administrative expenses mean?
Overhead costs allocated to the pipeline transportation segment that are not directly tied to specific field operations, such as management salaries, legal, and corporate support. This metric helps evaluate the segment's contribution to corporate overhead and overall administrative efficiency.

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