Kinetik Holdings Inc.KNTKEarnings & Financial Report
Kinetik Holdings Inc. is a midstream energy infrastructure provider primarily focused on the Permian Basin region. It delivers integrated solutions including natural gas gathering, processing, transportation and storage, as well as crude oil and produced water handling services for upstream oil and gas operators across major energy production areas in the southern United States.
Revenue
$426.7M
Gross Profit
N/A
Operating Profit
$77.5M
Net Profit
$23.6M
Gross Margin
N/A
Operating Margin
18.2%
Net Margin
5.5%
YoY Growth
18.7%
EPS
$0.33
Kinetik Holdings Inc. Q2 FY2025 Financial Summary
Kinetik Holdings Inc. reported revenue of $426.7M (up 18.7% YoY) for Q2 FY2025, with a net profit of $23.6M (down 36.4% YoY) (5.5% margin).
Key Financial Metrics
| Total Revenue | $426.7M |
|---|---|
| Net Profit | $23.6M |
| Gross Margin | N/A |
| Operating Margin | 18.2% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Kinetik Holdings Inc. Q2 FY2025 revenue of $426.7M breaks down across 6 segments, led by Natural Gas NG Ls And Condensate Sales at $311.6M (73.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas NG Ls And Condensate Sales | $311.6M | 73.0% |
| Breviloba LLC | $55.4M | 13.0% |
| Durango Permian LLC | $41.1M | 9.6% |
| Pipeline Transportation | $10.1M | 2.4% |
| Barilla Draw | $5.6M | 1.3% |
| Other | $2.5M | 0.6% |
Kinetik Holdings Inc. Revenue by Segment — Quarterly Trend
Kinetik Holdings Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas NG Ls And Condensate Sales and Breviloba LLC) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Natural Gas NG Ls And Condensate Sales | — | $325.5M | — | $311.6M |
| Breviloba LLC | — | — | $56.5M | $55.4M |
| Durango Permian LLC | — | — | $49.0M | $41.1M |
| Pipeline Transportation | — | — | $8.1M | $10.1M |
| Barilla Draw | — | $2.3M | — | $5.6M |
Kinetik Holdings Inc. Annual Revenue by Year
Kinetik Holdings Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $1.5B |
Kinetik Holdings Inc. Quarterly Revenue & Net Profit History
Kinetik Holdings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $410.0M | -7.5% | N/A | N/A |
| Q4 FY2025 | $430.4M | +11.6% | $416.7M | 96.8% |
| Q3 FY2025 | $464.0M | +17.1% | $5.3M | 1.1% |
| Q2 FY2025 | $426.7M | +18.7% | $23.6M | 5.5% |
| Q1 FY2025 | $443.3M | +29.8% | $19.3M | 4.3% |
| Q4 FY2024 | $385.7M | +10.6% | $16.2M | 4.2% |
| Q3 FY2024 | $396.4M | +20.0% | $25.8M | 6.5% |
| Q2 FY2024 | $359.5M | +21.4% | $37.2M | 10.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $359.5M | $396.4M | $385.7M | $443.3M | $426.7M | $464.0M | $430.4M | $410.0M |
| YoY Growth | 21.4% | 20.0% | 10.6% | 29.8% | 18.7% | 17.1% | 11.6% | -7.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.86B | $6.86B | $6.81B | $7.03B | $7.15B | $7.20B | $7.10B | N/A |
| Liabilities | $3.78B | $3.80B | $3.84B | $4.13B | $4.34B | $4.58B | $4.17B | N/A |
| Equity | $-1.21B | $-1.72B | $-2.98B | $-2.55B | $-1.57B | $-1.78B | $-565.4M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $125.5M | $214.1M | $144.0M | $176.8M | $129.1M | $188.1M | $110.1M | $185.1M |