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Kinetik Holdings KNTK Service revenue — Total revenues

Other product segments

Natural gas, NGLs and condensate sales
$312.51M
Gathering and processing services
$127.93M

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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$3.42B+0.2%
Enterprise value$7.31B+2.2%
P/E20.1×-25.7×
P/S-0.2×

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 official record: Kinetik Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kinetik Holdings's service revenue — total revenues?
Kinetik Holdings (KNTK) reported service revenue — total revenues of $93.77M in Q1 2026.
How has Kinetik Holdings's service revenue — total revenues changed year-over-year?
Kinetik Holdings's service revenue — total revenues decreased by 26.7% year-over-year, from $127.93M to $93.77M.
What is the long-term trend for Kinetik Holdings's service revenue — total revenues?
Over 4 years (2021 to 2025), Kinetik Holdings's service revenue — total revenues has grown at a 13.1% compound annual growth rate (CAGR), from $272.68M to $445.5M.
What does service revenue — total revenues mean?
This metric represents the total gross revenue generated from providing midstream gathering, processing, and transportation services to oil and gas producers. It reflects the company's core operational performance in facilitating the movement of hydrocarbons from production fields to market hubs or downstream infrastructure. Growth in this metric indicates increased throughput volumes or favorable contract pricing within the company's service-based business model.