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Kinetik Holdings KNTK Pipeline Transportation — (Loss) income before income taxes

Other segment segments

Midstream Logistics
$28.93M-36.1%

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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: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 pipeline transportation — (loss) income before income taxes?
Kinetik Holdings (KNTK) reported pipeline transportation — (loss) income before income taxes of $56.81M in Q1 2026.
How has Kinetik Holdings's pipeline transportation — (loss) income before income taxes changed year-over-year?
Kinetik Holdings's pipeline transportation — (loss) income before income taxes decreased by 7.7% year-over-year, from $61.52M to $56.81M.
What is the long-term trend for Kinetik Holdings's pipeline transportation — (loss) income before income taxes?
Over 3 years (2022 to 2025), Kinetik Holdings's pipeline transportation — (loss) income before income taxes has grown at a 54.2% compound annual growth rate (CAGR), from $180.93M to $663.21M.
What does pipeline transportation — (loss) income before income taxes mean?
Represents the pre-tax profitability of the pipeline transportation business segment. It reflects the net financial performance after accounting for all operating expenses, depreciation, and equity earnings from unconsolidated affiliates, but before the application of corporate income taxes.

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