Kinetik Holdings Inc. balance sheet

At the end of fiscal 2025, Kinetik Holdings Inc. had total assets of $7.10bn, total liabilities of $4.17bn and shareholders' equity of −$565m. It held $4.0m in cash against $3.82bn of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kinetik Holdings Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0	450	6	24	19	6	5	4	4	8
Receivables	5	11	15	—	178	204	216	112	85	61
Inventory	1	6	4	4	2	5	3	4	5	—
Total current assets	6	468	32	43	218	242	257	295	302	350
Goodwill	—	—	—	—	0	5	5	5	5	5
Total assets	706	1,857	1,501	1,800	3,553	5,920	6,497	6,815	7,096	7,202
Accounts payable	—	—	—	—	12	18	34	27	42	49
Deferred revenue (current)	—	—	—	—	3	7	6	6	6	5
Total current liabilities	124	99	34	30	241	228	250	419	441	512
Short-term debt	—	0	10	0	—	—	0	140	165	225
Long-term debt	—	0	396	624	2,346	3,395	3,594	3,390	3,653	3,723
Total debt	0	0	406	624	2,346	3,395	3,594	3,504	3,818	3,926
Total liabilities	150	131	597	863	2,546	3,647	3,870	3,836	4,165	4,290
Shareholders' equity	556	−227	0	0	0	−840	−531	−2,977	−565	−1,185
Non-controlling interests and other (assets − liabilities − equity)	—	1,954	904	936	1,007	3,112	3,158	5,956	3,496	4,097

US$ millions unless shown otherwise. Fiscal quarters.

Kinetik Holdings Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	66	112	123	63	77	85	93	61
Inventory	—	4	—	—	—	5	—	—
Total current assets	286	295	315	313	315	302	319	350
Goodwill	5	5	5	5	5	5	5	5
Total assets	6,860	6,815	7,031	7,151	7,202	7,096	7,111	7,202
Accounts payable	17	27	39	37	32	42	29	49
Deferred revenue (current)	6	6	5	6	6	6	5	5
Total current liabilities	399	419	475	502	504	441	537	512
Short-term debt	150	140	149	189	179	165	187	225
Long-term debt	3,307	3,390	3,595	3,765	3,983	3,653	3,668	3,723
Total debt	3,457	3,530	3,744	3,954	4,162	3,818	3,855	3,948
Total liabilities	3,798	3,836	4,130	4,341	4,577	4,165	4,269	4,290
Shareholders' equity	−1,721	−2,977	−2,550	−1,566	−1,776	−565	−1,669	−1,185
Non-controlling interests and other (assets − liabilities − equity)	4,783	5,956	5,451	4,376	4,401	3,496	4,511	4,097

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Kinetik Holdings Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kinetik Holdings Inc.