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
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 112 % +4.43%
Quick Ratio 2.5 % -15.6%
Debt-to-equity -476 % -13.6%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 66.2 M shares
Entity Public Float 639 M USD +13.1%
Weighted Average Number of Shares Outstanding, Basic 57.9 M shares +21.5%
Weighted Average Number of Shares Outstanding, Diluted 58.4 M shares +22.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.32 B USD +6.42%
General and Administrative Expense 105 M USD +5.56%
Costs and Expenses 1.16 B USD +7.43%
Operating Income (Loss) 158 M USD -0.38%
Nonoperating Income (Expense) 29.9 M USD -61.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 188 M USD -20.3%
Income Tax Expense (Benefit) -230 M USD -9843%
Net Income (Loss) Attributable to Parent 234 M USD +24.6%
Earnings Per Share, Basic 5.43 USD/shares +315%
Earnings Per Share, Diluted 2.7 USD/shares +106%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 9.76 M USD +392%
Accounts Receivable, after Allowance for Credit Loss, Current 210 M USD +5.45%
Inventory, Net 3.1 M USD -35.4%
Assets, Current 257 M USD +4.5%
Deferred Income Tax Assets, Net 238 M USD
Property, Plant and Equipment, Net 2.75 B USD +4.3%
Operating Lease, Right-of-Use Asset 27 M USD -57.9%
Intangible Assets, Net (Excluding Goodwill) 563 M USD -16.8%
Goodwill 5.08 M USD 0%
Assets 6.45 B USD +5.27%
Accounts Payable, Current 16.5 M USD -10.1%
Employee-related Liabilities, Current 3.85 M USD +22.4%
Accrued Liabilities, Current 170 M USD -3.54%
Contract with Customer, Liability, Current 6.3 M USD +6.45%
Liabilities, Current 234 M USD -5.78%
Long-term Debt and Lease Obligation 3.52 B USD +0.16%
Contract with Customer, Liability, Noncurrent 24.8 M USD +12.9%
Deferred Income Tax Liabilities, Net 13.8 M USD +21.1%
Operating Lease, Liability, Noncurrent 3.01 M USD -88.1%
Other Liabilities, Noncurrent 3.23 M USD -25.1%
Liabilities 3.8 B USD -1.39%
Retained Earnings (Accumulated Deficit) -973 M USD -12.7%
Stockholders' Equity Attributable to Parent -973 M USD -53%
Liabilities and Equity 6.45 B USD +5.27%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 154 M USD +28.5%
Net Cash Provided by (Used in) Financing Activities -86.5 M USD -171%
Net Cash Provided by (Used in) Investing Activities -62 M USD +74.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 5.25 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 9.76 M USD +392%
Interest Paid, Excluding Capitalized Interest, Operating Activities 57.1 M 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 0%
Deferred Tax Assets, Gross 236 M USD
Operating Lease, Liability 38.6 M USD +33.7%
Depreciation 163 M USD +10.8%
Payments to Acquire Property, Plant, and Equipment 58 M USD -1.51%
Lessee, Operating Lease, Liability, to be Paid 40.9 M USD +33.3%
Operating Lease, Liability, Current 25 M USD -37.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 7.11 M USD +106%
Lessee, Operating Lease, Liability, to be Paid, Year One 30.9 M USD +31.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure +30.2%
Deferred Income Tax Expense (Benefit) 3.66 M USD +908%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.3 M USD +26.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 785 K USD -26.6%
Deferred Tax Assets, Operating Loss Carryforwards 88.8 M USD +44.2%
Deferred Federal Income Tax Expense (Benefit) -236 M USD
Current Income Tax Expense (Benefit) 492 K USD -5.75%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 707 K USD -4.46%
Operating Lease, Payments 45.4 M USD +21.2%
Additional Paid in Capital 0 USD -100%
Current State and Local Tax Expense (Benefit) 492 K USD -5.75%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 123 M USD +1.24%
Depreciation, Depletion and Amortization 286 M USD +6.55%
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Deferred State and Local Income Tax Expense (Benefit) 2.23 M USD +6.35%