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Kinetik Holdings KNTK Total Cost of Revenue

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Segments

By segment

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Midstream Logistics$188.59M-15.6%
Pipeline Transportation$136K+3,300%

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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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
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
Ad valorem taxes8,7756,791
General and administrative expenses44,20037,592
Depreciation and amortization expenses101,83392,673

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Kinetik Holdings's total cost of revenue?
Kinetik Holdings (KNTK) reported total cost of revenue of $188.72M in Q1 2026.
How has Kinetik Holdings's total cost of revenue changed year-over-year?
Kinetik Holdings's total cost of revenue decreased by 15.5% year-over-year, from $223.36M to $188.72M.
What is the long-term trend for Kinetik Holdings's total cost of revenue?
Over 4 years (2021 to 2025), Kinetik Holdings's total cost of revenue has grown at a 35.4% compound annual growth rate (CAGR), from $233.62M to $785.95M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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