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

    $57.08
  • Market Cap

    $3.41 Billion
  • Total Outstanding Shares

    59.75 Million Shares
  • Total Employees

    330
  • Dividend

    $0.78 Per Share Quarterly
  • IPO Date

    February 23, 2022
  • SIC Description

    Natural Gas Transmission
  • Homepage

    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 DateSplit Amount
June 9, 20222-for-1
July 1, 20201-for-20 (Reverse Split)

Cash Flow Statement

July 1, 2024 to September 30, 2024
MetricValue
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
MetricValue
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
MetricValue
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 DatePayment DateRecord DateAmountFrequency
Oct 17, 2024Nov 7, 2024Oct 28, 2024$0.78Quarterly
Jul 18, 2024Aug 7, 2024Jul 29, 2024$0.75Quarterly
Jan 24, 2024Mar 7, 2024Feb 22, 2024$0.75Quarterly
Nov 1, 2023Nov 22, 2023Nov 13, 2023$0.75Quarterly
Jul 20, 2023Aug 16, 2023Aug 4, 2023$0.75Quarterly
Apr 19, 2023May 17, 2023May 5, 2023$0.75Quarterly
Jan 17, 2023Feb 16, 2023Feb 6, 2023$0.75Quarterly
Oct 19, 2022Nov 17, 2022Nov 7, 2022$0.75Quarterly
Jul 20, 2022Aug 17, 2022Aug 5, 2022$0.75Quarterly
Apr 21, 2022May 17, 2022May 5, 2022$1.5Quarterly
Nov 2, 2021Dec 30, 2021Nov 30, 2021$1.5Quarterly
Aug 3, 2021Sep 30, 2021Aug 27, 2021$1.5Quarterly
May 5, 2021Jun 30, 2021May 28, 2021$1.5Quarterly
Dec 10, 2020Mar 31, 2021Feb 26, 2021$1.5Quarterly

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