Kinetik Holdings Inc. - Understand $kntk stock

$KNTK Market Cap: $8.992 Billion

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Financial Snapshot

Revenue

$1.446B

TTM

Gross Margin

57.54%

TTM

Net Earnings

$976.6M

TTM

Current Assets

$285.9M

Q3 2024

Current Liabilities

$398.7M

Q3 2024

Current Ratio

71.71%

Q3 2024

Total Assets

$6.860B

Q3 2024

Total Liabilities

$3.798B

Q3 2024

Book Value

$3.062B

Q3 2024

Cash

$20.44M

Q3 2024

P/E

9.207

Nov 29, 2024 EST

Free Cash Flow

$442.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.256B	$1.213B	$160.6M	$148.4M	$135.8M	$76.75M	$15.14M	$0.00
YoY Change	3.54%	655.52%	8.23%	9.29%	76.94%	406.87%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.256B	$1.213B	$160.6M	$148.4M	$135.8M	$76.75M	$15.14M	$0.00
Cost Of Revenue	$537.3M	$558.5M	$49.70M	$40.18M	$55.86M	$53.92M	$16.60M
Gross Profit	$719.1M	$655.0M	$110.9M	$108.2M	$79.94M	$22.83M	-$1.455M
Gross Profit Margin	57.23%	53.98%	69.06%	72.93%	58.87%	29.74%	-9.61%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$97.91M	$94.27M	$28.67M	$29.02M	$23.53M	$15.00M	$4.088M	$2.380K
YoY Change	3.86%	228.83%	-1.23%	23.34%	56.87%	266.95%	171664.71%
% of Gross Profit	13.62%	14.39%	25.85%	26.82%	29.44%	65.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$281.0M	$260.3M	$16.20M	$15.95M	$41.48M	$20.07M	$5.991M
YoY Change	7.93%	1506.97%	1.61%	-61.56%	106.7%	234.97%
% of Gross Profit	39.08%	39.75%	14.61%	14.73%	51.89%	87.91%
Operating Expenses	$540.4M	$491.9M	$44.87M	$44.97M	$65.01M	$35.07M	$1.738M	$2.380K
YoY Change	9.86%	996.31%	-0.22%	-30.83%	85.38%	1917.81%	72924.24%
Operating Profit	$159.3M	$150.5M	$65.61M	$61.62M	-$1.286B	-$12.24M	-$11.53M
YoY Change	5.83%	129.36%	6.49%	-104.79%	10403.97%	6.13%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	-$205.9M	-$149.3M	$4.000K	$9.000K	$3.606M	$1.608M	$0.00
YoY Change	37.92%	-3731400.0%	-55.56%	-99.75%	124.25%
% of Operating Profit	-129.26%	-99.18%	0.01%	0.01%
Other Income/Expense, Net	-$5.711M	$102.8M	$44.21M	$21.56M	$24.76M	$1.608M	$0.00
YoY Change	-105.55%	132.65%	105.02%	-12.93%	1439.99%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$153.5M	$253.3M	$99.22M	$80.99M	-$1.263B	-$10.74M	$508.8K	-$2.380K
YoY Change	-39.39%	155.33%	22.51%	-106.41%	11658.1%	-2210.98%	-21476.81%
Income Tax	-$232.9M	$2.616M	$0.00	-$696.0K	$64.90M	-$10.50M	$7.041M
% Of Pretax Income	-151.69%	1.03%	0.0%	-0.86%			1383.93%
Net Earnings	$386.5M	$250.7M	$99.22M	$81.68M	-$1.328B	-$239.0K	-$187.1K	-$2.380K
YoY Change	54.14%	152.69%	21.47%	-106.15%	555431.38%	27.73%	7761.68%
Net Earnings / Revenue	30.76%	20.66%	61.77%	55.04%	-977.72%	-0.31%	-1.24%
Basic Earnings Per Share	$5.25	$1.48	-$3.72	$0.75	-$95.70	-$0.51	-$0.30
Diluted Earnings Per Share	$2.52	$1.48	-$3.86	$0.36	-$95.70	-$0.51	-$0.30	-$544.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$4.510M	$6.394M	$132.0M	$24.19M	$5.983M	$449.9M	$479.1K	$7.500K
YoY Change	-29.47%	-95.15%	445.57%	304.28%	-98.67%	93820.39%	6287.47%
Cash & Equivalents	$4.510M	$6.394M	$132.0M	$24.19M	$5.983M	$449.9M
Short-Term Investments
Other Short-Term Assets	$33.97M	$26.64M	$5.866M	$2.127M	$1.071M	$1.379M	$67.48K
YoY Change	27.52%	354.09%	175.79%	98.6%	-22.34%	1943.57%
Inventory	$3.100M	$4.800M	$2.958M	$3.597M	$4.027M	$5.802M
Prepaid Expenses
Receivables	$215.7M	$204.0M	$25.84M	$12.86M	$20.66M	$10.91M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$257.3M	$241.9M	$166.6M	$42.77M	$31.74M	$468.0M	$546.5K	$7.500K
YoY Change	6.38%	45.15%	289.6%	34.76%	-93.22%	85536.65%	7187.07%
Property, Plant & Equipment	$2.781B	$2.564B	$187.0M	$195.8M	$205.8M	$1.227B
YoY Change	8.47%	1271.09%	-4.52%	-4.84%	-83.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.541B	$2.381B	$1.365B	$1.555B	$1.258B	$91.10M	$379.2M
YoY Change	6.71%	74.48%	-12.24%	23.62%	1280.95%	-75.97%
Other Assets	$320.9M	$32.28M	$6.229M	$5.843M	$5.267M	$71.29M	$0.00	$38.23K
YoY Change	894.2%	418.14%	6.61%	10.94%	-92.61%		-100.0%
Total Long-Term Assets	$6.240B	$5.678B	$1.558B	$1.757B	$1.469B	$1.389B	$379.2M	$38.23K
YoY Change	9.89%	264.42%	-11.32%	19.59%	5.75%	266.4%	991730.68%
Total Assets	$6.497B	$5.920B	$1.725B	$1.800B	$1.501B	$1.857B	$379.7M	$45.73K
YoY Change
Accounts Payable	$34.00M	$17.90M	$0.00	$18.75M	$0.00	$13.60M
YoY Change	89.95%		-100.0%		-100.0%
Accrued Expenses	$206.0M	$177.2M	$14.46M	$3.442M	$21.73M	$83.86M	$742.7K	$3.110K
YoY Change	16.24%	1125.21%	320.22%	-84.16%	-74.08%	11191.39%	23780.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00		$0.00	$11.76M
YoY Change				-100.0%
Total Short-Term Liabilities	$250.1M	$227.8M	$27.24M	$29.98M	$33.69M	$98.52M	$1.248M	$23.11K
YoY Change	9.8%	736.25%	-9.14%	-11.01%	-65.8%	7796.78%	5298.57%
Long-Term Debt	$3.563B	$3.369B	$657.0M	$624.0M	$396.0M	$0.00	$0.00	$0.00
YoY Change	5.77%	412.71%	5.29%	57.58%
Other Long-Term Liabilities	$43.69M	$39.72M	$135.3M	$208.6M	$167.6M	$29.37M	$13.21M
YoY Change	10.0%	-70.65%	-35.12%	24.44%	470.8%	122.39%
Total Long-Term Liabilities	$3.607B	$3.408B	$792.3M	$832.6M	$563.6M	$29.37M	$13.21M	$0.00
YoY Change	5.82%	330.15%	-4.84%	47.72%	1819.16%	122.39%
Total Liabilities	$7.028B	$6.759B	$2.302B	$2.046B	$1.854B	$2.071B	$14.45M	$23.11K
YoY Change	3.97%	193.65%	12.5%	10.37%	-10.48%	14228.59%	62443.7%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	51.82M shares	41.33M shares	3.746M shares	3.746M shares	3.746M shares	8.656M shares	62.26M shares
Diluted Shares Outstanding	146.2M shares	41.36M shares	16.25M shares	16.25M shares	3.746M shares	8.656M shares	62.26M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $8.9922 Billion

About Kinetik Holdings Inc.

Kinetik Holdings, Inc. provides oil and gas production and distribution services. The company is headquartered in Houston, Texas and currently employs 330 full-time employees. The company went IPO on 2017-04-04. The firm provides gathering, transportation, compression, processing and treating services. Its segments include Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment provides three service offerings, including gas gathering and processing, crude oil gathering, stabilization and storage services and water gathering and disposal. Pipeline Transportation segment consists of equity investment interests in Permian Basin pipelines that access various points across United States Kinetik NGL and Delaware Link pipelines. The EMI pipelines transport crude oil, natural gas liquids (NGLs) within the Permian Basin. The company has over 2.0 billion cubic feet per day cryogenic natural gas processing capacity strategically located near the Waha Hub in West Texas. The Kinetik NGL Pipelines consist of approximately 96 miles of NGL pipelines connecting East Toyah and Pecos complexes to Waha.

Industry: Natural Gas Transmission Peers: Antero Midstream Corp Crestwood Equity Partners LP DCP Midstream, LP DT Midstream, Inc. EnLink Midstream, LLC ENTERPRISE PRODUCTS PARTNERS L.P. Midstream Co LLC Hess Midstream LP PLAINS ALL AMERICAN PIPELINE LP Shell Midstream Partners, L.P.