Kinetik Holdings Inc. financial data

Symbol
KNTK on NYSE
Industry
Natural Gas Transmission
Location
2700 Post Oak Blvd., Suite 300, Houston, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Altus Midstream Co (to 2/22/2022), Kayne Anderson Acquisition Corp (to 11/13/2018)
Latest financial report
10-Q - Q2 2024 - Aug 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 97.2 % -11.5%
Quick Ratio 2.5 % -15.6%
Debt-to-equity -433 % +8.23%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 66.2M shares
Entity Public Float 639M USD +13.1%
Weighted Average Number of Shares Outstanding, Basic 59.8M shares +18.3%
Weighted Average Number of Shares Outstanding, Diluted 60.3M shares +19.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.38B USD +15.2%
General and Administrative Expense 113M USD +17.5%
Costs and Expenses 1.2B USD +15.4%
Operating Income (Loss) 177M USD +13.9%
Nonoperating Income (Expense) 57M USD +174%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 234M USD +32.8%
Income Tax Expense (Benefit) -221M USD -8908%
Net Income (Loss) Attributable to Parent 234M USD +12.7%
Earnings Per Share, Basic 5.56 USD/shares +235%
Earnings Per Share, Diluted 2.83 USD/shares +70.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.5M USD +461%
Accounts Receivable, after Allowance for Credit Loss, Current 94.4M USD -48%
Inventory, Net 3.1M USD -35.4%
Assets, Current 299M USD +20.8%
Deferred Income Tax Assets, Net 211M USD
Property, Plant and Equipment, Net 3.19B USD +18.6%
Operating Lease, Right-of-Use Asset 47.5M USD -18.9%
Intangible Assets, Net (Excluding Goodwill) 936M USD +44.1%
Goodwill 15.5M USD +205%
Assets 6.86B USD +10.2%
Accounts Payable, Current 44.5M USD +22.7%
Employee-related Liabilities, Current 3.27M USD +28.7%
Accrued Liabilities, Current 157M USD +40.4%
Contract with Customer, Liability, Current 6.52M USD -10.8%
Liabilities, Current 399M USD +100%
Long-term Debt and Lease Obligation 3.26B USD -10.1%
Contract with Customer, Liability, Noncurrent 23M USD -6.42%
Deferred Income Tax Liabilities, Net 15.4M USD +32.6%
Operating Lease, Liability, Noncurrent 15.1M USD -30.5%
Other Liabilities, Noncurrent 66.1M USD +1917%
Liabilities 3.78B USD -2.89%
Retained Earnings (Accumulated Deficit) -1.21B USD -33.7%
Stockholders' Equity Attributable to Parent -1.21B USD -33.2%
Liabilities and Equity 6.86B USD +10.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 154M USD +28.5%
Net Cash Provided by (Used in) Financing Activities -86.5M USD -171%
Net Cash Provided by (Used in) Investing Activities -62M USD +74.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 5.25M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 12.5M USD +461%
Interest Paid, Excluding Capitalized Interest, Operating Activities 57.1M USD +55.4%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 236M USD
Operating Lease, Liability 38.6M USD +33.7%
Depreciation 168M USD +12.4%
Payments to Acquire Property, Plant, and Equipment 58M USD -1.51%
Lessee, Operating Lease, Liability, to be Paid 40.9M USD +33.3%
Operating Lease, Liability, Current 33M USD -12.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 7.11M USD +106%
Lessee, Operating Lease, Liability, to be Paid, Year One 30.9M USD +31.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure +30.2%
Deferred Income Tax Expense (Benefit) 3.66M USD +908%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.3M USD +26.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 785K USD -26.6%
Deferred Tax Assets, Operating Loss Carryforwards 88.8M USD +44.2%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 0 USD -100%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 707K USD -4.46%
Operating Lease, Payments 45.4M USD +21.2%
Additional Paid in Capital 0 USD
Current State and Local Tax Expense (Benefit) 0 USD
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 123M USD +1.32%
Depreciation, Depletion and Amortization 291M USD +7.47%
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Deferred State and Local Income Tax Expense (Benefit) 676K USD