Kinetik Holdings Inc. income statement
In fiscal 2025, Kinetik Holdings Inc. reported revenue of $1.76bn, up 19.0% on the year before, operating income of $165m (a 9.3% margin) and net income of $178m, or $2.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 77 | 136 | 410 | 662 | 1,213 | 1,256 | 1,483 | 1,764 | 1,886 |
| Cost of revenue | 17 | 54 | 56 | — | — | — | — | — | — | — |
| Gross profit | −1 | 23 | 80 | — | — | — | — | — | — | — |
| General and administrative | 4 | 7 | 10 | 23 | 29 | 94 | 98 | 134 | 131 | 139 |
| Operating income | −12 | −12 | −1,286 | −1,020 | 53 | 150 | 159 | 179 | 165 | 198 |
| Interest expense | 7 | 8 | 6 | 140 | 105 | 142 | 218 | 218 | 240 | 232 |
| Net interest income | — | — | — | — | — | — | −206 | — | — | — |
| Income before tax | 1 | −11 | −1,263 | −1,155 | 3 | 253 | 154 | 267 | 577 | 605 |
| Income tax | 7 | −11 | 65 | 1 | 2 | 3 | −233 | 23 | 51 | 54 |
| Net income | −0 | −4 | −358 | 0 | 0 | 41 | 289 | 80 | 178 | 196 |
| Diluted EPS | −$6.00 | −$0.51 | −$95.70 | $0.00 | $0.00 | $1.47 | $2.52 | $1.02 | $2.63 | $2.91 |
| Diluted shares (average) | 3m | 9m | 4m | — | — | 42m | 146m | 60m | 63m | 67m |
| EBITDA | −6 | 8 | −1,244 | −797 | 297 | 411 | 440 | 503 | 548 | 600 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 396 | 386 | 443 | 427 | 464 | 430 | 410 | 581 |
| General and administrative | 30 | 39 | 38 | 24 | 30 | 39 | 44 | 26 |
| Operating income | 73 | 24 | 19 | 77 | 20 | 48 | −4 | 134 |
| Interest expense | 67 | 51 | 57 | 59 | 64 | 60 | 53 | 55 |
| Net interest income | −66 | — | — | — | — | — | — | — |
| Income before tax | 92 | 18 | 22 | 82 | 17 | 456 | −6 | 138 |
| Income tax | 8 | 2 | 3 | 7 | 1 | 40 | −1 | 14 |
| Net income | 26 | 6 | 6 | 24 | 5 | 143 | −2 | 50 |
| Diluted EPS | $0.35 | $0.00 | $0.05 | $0.33 | $0.03 | $2.22 | −$0.07 | $0.64 |
| EBITDA | 160 | 112 | 112 | 171 | 115 | 149 | 98 | 237 |
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