For Q1 FY2026 (ended March 31, 2026), Kinetik Holdings reported revenue of $410 million, down 7.5% year-over-year. Net income was a loss of $1.7 million, a 127% decline from the prior year. Operating income was negative $3.8 million, and diluted EPS was -$0.07. The company had $0.7 million in cash, negative equity of $1.67 billion, and long-term debt of $3.67 billion.
•Revenue decreased 7.5% YoY to $410 million.
•Net loss of $1.7 million vs. net income of $6.3 million in Q1 FY2025.
•Operating income swung to a loss of $3.8 million.
•Diluted EPS of -$0.07, down from $0.05 a year ago.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Kinetik Holdings Inc., through its subsidiaries is a midstream company in the Texas Delaware Basin. Its operations are structured into two segments, Midstream Logistics and Pipeline Transportation.
It offers gathering, compression, processing, stabilization, treating, and storage services. Its portfolio also includes transportation services through pipelines, and water gathering and disposal services for companies that produce natural gas, natural gas liquids (NGL), and crude oil. It also sells condensates, natural gas residue, and NGLs. Founded in 2017, Kinetik is headquartered in Midland, Texas.
Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. Its operations are divided into two segments: Midstream Logistics and Pipeline Transportation. The company offers a range of services including gathering, compression, processing, stabilization, treating, and storage of natural gas, natural gas liquids (NGLs), and crude oil. It also provides transportation services through pipelines, as well as water gathering and disposal services for companies that produce these hydrocarbons. Additionally, Kinetik sells condensates, natural gas residue, and NGLs. Founded in 2017, the company is headquartered in Midland, Texas.
Where is Kinetik Holdings Inc. (KNTK) listed and what currency does it trade in?
Kinetik Holdings Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol KNTK. The company trades in United States Dollars (USD), which is the official currency of the United States. As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors on major US exchanges.
What sector and industry does Kinetik Holdings Inc. (KNTK) belong to?
Kinetik Holdings Inc. operates in the Energy sector, specifically within the Oil & Gas Midstream industry. This means the company is involved in the transportation, storage, and processing of oil and gas products, rather than exploration or production. Midstream companies like Kinetik play a crucial role in connecting upstream producers with downstream refiners and end users. Kinetik's focus on the Texas Delaware Basin, a prolific oil and gas region, underscores its strategic position in the midstream value chain.
Where is Kinetik Holdings Inc. (KNTK) headquartered and what markets does it serve?
Kinetik Holdings Inc. is headquartered in Midland, Texas, United States. The company primarily serves the Texas Delaware Basin, a major oil and gas producing region in West Texas and southeastern New Mexico. Its operations are focused on providing midstream services to companies that produce natural gas, natural gas liquids (NGLs), and crude oil in this area. By offering gathering, processing, transportation, and water disposal services, Kinetik supports the energy infrastructure needs of the Delaware Basin, one of the most active drilling regions in the United States.
How does Kinetik Holdings Inc. (KNTK) make money?
Kinetik Holdings Inc. generates revenue through its two business segments: Midstream Logistics and Pipeline Transportation. In the Midstream Logistics segment, the company earns fees by providing gathering, compression, processing, stabilization, treating, and storage services for natural gas, NGLs, and crude oil. It also sells condensates, natural gas residue, and NGLs. In the Pipeline Transportation segment, Kinetik charges for transporting hydrocarbons through its pipeline network. Additionally, it offers water gathering and disposal services for producers. The company's revenue is tied to the volume of hydrocarbons processed and transported, as well as commodity prices for the products it sells.