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Kinetik Holdings KNTK Product revenue — Total revenues

Other product segments

Natural gas, NGLs and condensate sales
$312.51M
Gathering and processing services
$127.93M
Service revenue
$93.77M-26.7%

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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: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
Line itemThree Months Ended March 31, 20262025
Operating revenues:
Service revenue$93,772$127,926
Product revenue312,233312,505
Other revenue3,9712,832
Total operating revenues409,976443,263
Operating costs and expenses:
Costs of sales (excluding depreciation and amortization)(1) (2)188,724223,364
Operating expenses70,30163,603

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Kinetik Holdings's product revenue — total revenues?
Kinetik Holdings (KNTK) reported product revenue — total revenues of $312.23M in Q1 2026.
How has Kinetik Holdings's product revenue — total revenues changed year-over-year?
Kinetik Holdings's product revenue — total revenues decreased by 0.1% year-over-year, from $312.51M to $312.23M.
What is the long-term trend for Kinetik Holdings's product revenue — total revenues?
Over 4 years (2021 to 2025), Kinetik Holdings's product revenue — total revenues has grown at a 35.7% compound annual growth rate (CAGR), from $385.62M to $1.31B.
What does product revenue — total revenues mean?
This metric represents the total gross revenue generated from the sale of natural gas, natural gas liquids, and condensate products processed or marketed by the company. It reflects the company's exposure to commodity price fluctuations and production volumes within its midstream gathering and processing operations. Investors use this figure to assess the scale of the company's commercial activities and its ability to monetize throughput volumes beyond fee-based service arrangements.

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