Kinetik Holdings Inc. (KNTK)
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About
Business overview of Kinetik Holdings Inc. (KNTK)
Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.
Key Insights
Critical company metrics and information
Share Price
$57.08Market Cap
$3.41 BillionTotal Outstanding Shares
59.75 Million SharesTotal Employees
330Dividend
$0.78 Per Share QuarterlyIPO Date
February 23, 2022SIC Description
Natural Gas TransmissionHomepage
https://www.kinetik.com
Historical Stock Splits
If you bought 1 share of KNTK before July 1, 2020, you'd have 0.10 shares today.
Execution Date | Split Amount |
---|---|
June 9, 2022 | 2-for-1 |
July 1, 2020 | 1-for-20 (Reverse Split) |
Cash Flow Statement
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow From Investing Activities, Continuing | $-109.21 Million |
Net Cash Flow, Continuing | $7.89 Million |
Net Cash Flow | $7.89 Million |
Net Cash Flow From Investing Activities | $-109.21 Million |
Net Cash Flow From Financing Activities | $-97.03 Million |
Net Cash Flow From Operating Activities, Continuing | $214.13 Million |
Net Cash Flow From Financing Activities, Continuing | $-97.03 Million |
Net Cash Flow From Operating Activities | $214.13 Million |
Income Statement
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Costs And Expenses | $323.49 Million |
Interest Income/Expense Operating, Net | $-66.03 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $-182.03 Million |
Revenues | $396.36 Million |
Basic Average Shares | $59.81 Million |
Income Tax Expense/Benefit | $8.26 Million |
Income/Loss From Continuing Operations After Tax | $83.65 Million |
Net Income/Loss | $83.65 Million |
Operating Expenses | $323.49 Million |
Operating Income/Loss | $72.87 Million |
Basic Earnings Per Share | $0.35 |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $4.75 Million |
Nonoperating Income/Loss | $19.04 Million |
Diluted Earnings Per Share | $0.35 |
Income/Loss Before Equity Method Investments | $38.67 Million |
Income/Loss From Equity Method Investments | $53.24 Million |
Income Tax Expense/Benefit, Deferred | $7.34 Million |
Preferred Stock Dividends And Other Adjustments | $239.92 Million |
Provision For Loan, Lease, And Other Losses | $0.00 |
Benefits Costs and Expenses | $304.45 Million |
Interest Income/Expense After Provision For Losses | $-66.03 Million |
Net Income/Loss Available To Common Stockholders, Basic | $25.76 Million |
Net Income/Loss Attributable To Parent | $265.68 Million |
Income/Loss From Continuing Operations Before Tax | $91.91 Million |
Diluted Average Shares | $60.42 Million |
Balance Sheet
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Current Liabilities | $398.68 Million |
Other Non-current Liabilities | $92.31 Million |
Equity | $-1.72 Billion |
Equity Attributable To Noncontrolling Interest | $0.00 |
Intangible Assets | $878.14 Million |
Long-term Debt | $3.31 Billion |
Temporary Equity | $4.78 Billion |
Other Non-current Assets | $2.47 Billion |
Liabilities And Equity | $6.86 Billion |
Other Current Liabilities | $376.17 Million |
Noncurrent Liabilities | $3.40 Billion |
Liabilities | $3.80 Billion |
Equity Attributable To Parent | $-1.72 Billion |
Wages | $5.35 Million |
Redeemable Noncontrolling Interest | $4.78 Billion |
Fixed Assets | $3.23 Billion |
Redeemable Noncontrolling Interest, Common | $4.78 Billion |
Noncurrent Assets | $6.57 Billion |
Assets | $6.86 Billion |
Accounts Payable | $17.16 Million |
Current Assets | $285.88 Million |
Historical Dividends
Current dividend: $0.78 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Oct 17, 2024 | Nov 7, 2024 | Oct 28, 2024 | $0.78 | Quarterly |
Jul 18, 2024 | Aug 7, 2024 | Jul 29, 2024 | $0.75 | Quarterly |
Jan 24, 2024 | Mar 7, 2024 | Feb 22, 2024 | $0.75 | Quarterly |
Nov 1, 2023 | Nov 22, 2023 | Nov 13, 2023 | $0.75 | Quarterly |
Jul 20, 2023 | Aug 16, 2023 | Aug 4, 2023 | $0.75 | Quarterly |
Apr 19, 2023 | May 17, 2023 | May 5, 2023 | $0.75 | Quarterly |
Jan 17, 2023 | Feb 16, 2023 | Feb 6, 2023 | $0.75 | Quarterly |
Oct 19, 2022 | Nov 17, 2022 | Nov 7, 2022 | $0.75 | Quarterly |
Jul 20, 2022 | Aug 17, 2022 | Aug 5, 2022 | $0.75 | Quarterly |
Apr 21, 2022 | May 17, 2022 | May 5, 2022 | $1.5 | Quarterly |
Nov 2, 2021 | Dec 30, 2021 | Nov 30, 2021 | $1.5 | Quarterly |
Aug 3, 2021 | Sep 30, 2021 | Aug 27, 2021 | $1.5 | Quarterly |
May 5, 2021 | Jun 30, 2021 | May 28, 2021 | $1.5 | Quarterly |
Dec 10, 2020 | Mar 31, 2021 | Feb 26, 2021 | $1.5 | Quarterly |
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