A Business at a Glance
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Kinetik Holdings Inc.
KNTK
$3.4B
Mkt Cap
$50.43
-2.48%
Kinetik Holdings Inc. (KNTK) has a current P/E ratio of 19.2, compared to its historical median P/E of 15.1. The stock is currently considered Fair based on its historical valuation range.
Kinetik Holdings Inc. (KNTK) has a 5-year average return on invested capital (ROIC) of 8.2%. This is below average and may indicate limited pricing power.
Kinetik Holdings Inc. (KNTK) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Yes, Kinetik Holdings Inc. (KNTK) pays a dividend with a trailing twelve-month yield of 5.92%. The company also returns capital through share buybacks, with a buyback yield of 5.23%.
Based on historical P/E analysis, Kinetik Holdings Inc. (KNTK) appears fair. The current P/E of 19.2 is 27% above its historical median of 15.1. The estimated fair value CAGR (P/E method) is 4.4%.
Kinetik Holdings Inc. (KNTK) operates in the Natural Gas Transmission industry, within the Utilities sector.
Kinetik Holdings Inc. (KNTK) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Table of Contents Index to Financial Statements We operate in rapidly changing economic and technological environments that present numerous risks, many of which are driven by factors that we cannot control or predict. The following discussion, as well as our discussion in Part II—Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 7A—Quantitative and Qualitative Disclosures About Market Risk, highlights some of these risks. The risks described below are not exhaustive and you should carefully consider these risks and uncertainties before investing in our securities. Business and Operational Risks The majority of the Company’s operating assets are currently located in the Permian Basin, making it vulnerable to risks associated with operating in a single geographic area. The majority of the Company’s wholly owned midstream assets are currently located in the Delaware Basin which is part of the broader Permian Basin.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.8B | 1.5B | 1.3B | 1.2B | 662M |
| Net Income | 167M | 178M | 80M | 289M | 41M | - |
| EPS | $2.68 | $2.63 | $1.02 | $2.52 | $1.47 | $0.00 |
| Free Cash Flow | 107M | 112M | 374M | 272M | 407M | 158M |
| ROIC | 5.0% | 7.4% | 8.8% | 5.7% | 10.9% | - |
| Gross Margin | - | 55.5% | 58.1% | 59.0% | 55.4% | 64.7% |
| Debt/Equity | 0.00 | -7.04 | -1.24 | -6.78 | -4.05 | 246,213.20 |
| Dividends/Share | $2.98 | $2.86 | $2.23 | $0.71 | $1.42 | $1.50 |
| Operating Income | 142M | 165M | 179M | 159M | 150M | 53M |
| Operating Margin | 8.2% | 9.3% | 12.1% | 12.7% | 12.4% | 8.1% |
| ROE | 0.0% | -10.1% | -4.6% | -42.2% | -9.7% | - |
| Shares Outstanding | 67M | 68M | 78M | 115M | 28M | - |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 15M | 77M | N/A | 410M | 662M | 1.2B | 1.3B | 1.5B | 1.8B | 1.7B |
| Gross Margin | -9.6% | 29.7% | N/A | 84.1% | 64.7% | 55.4% | 59.0% | 58.1% | 55.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 4.0M | 7.4M | 10M | 23M | 29M | 94M | 98M | 134M | 131M | 137M |
| EBIT | -12M | -12M | -1.3B | -1.0B | 53M | 150M | 159M | 179M | 165M | 142M |
| Op. Margin | -76.2% | -15.9% | N/A | -248.8% | 8.1% | 12.4% | 12.7% | 12.1% | 9.3% | 8.2% |
| Net Income | -19M | -4.4M | -358M | N/A | N/A | 41M | 289M | 80M | 178M | 167M |
| Net Margin | -122.7% | -5.7% | N/A | N/A | N/A | 3.4% | 23.0% | 5.4% | 10.1% | 9.7% |
| Non-Recurring | 0 | 0 | 1.3B | 1.0B | -382K | -13M | -19M | -4.0M | -8K | -8K |
| Returns on Capital | ||||||||||
| ROIC | -6.0% | -2.7% | -85.7% | N/A | N/A | 10.9% | 5.7% | 8.8% | 7.4% | 5.0% |
| ROE | -6.0% | -2.7% | 315.9% | N/A | N/A | -9.7% | -42.2% | -4.6% | -10.1% | 0.0% |
| ROA | -5.3% | -0.3% | -21.4% | N/A | N/A | 0.9% | 4.7% | 1.2% | 2.6% | 2.4% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 0 | 661K | 76M | 102M | 236M | 613M | 584M | 637M | 604M | 608M |
| Free Cash Flow | 0 | -83M | -266M | -79M | 158M | 407M | 272M | 374M | 112M | 107M |
| Owner Earnings | -6.0M | -19M | 35M | -122M | -8.0M | 310M | 248M | 237M | 159M | 153M |
| CapEx | 0 | 84M | 343M | 181M | 78M | 206M | 313M | 264M | 492M | 501M |
| Maint. CapEx | 6.0M | 20M | 41M | 224M | 244M | 260M | 281M | 324M | 383M | 392M |
| Growth CapEx | N/A | 64M | 301M | 0 | 0 | 0 | 32M | 0 | 110M | 109M |
| D&A | 6.0M | 20M | 41M | 224M | 244M | 260M | 281M | 324M | 383M | 392M |
| CapEx/OCF | N/A | 12708.0% | 449.2% | 177.7% | 33.1% | 33.6% | 53.5% | 41.4% | 81.5% | 82.4% |
| Capital Allocation | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 39M | 81M | 175M | 194M | 199M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 5.4% | 2.6% | 5.9% | 6.7% | 5.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 5.8M | 0 | 176M | 176M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | N/A | 3.1% | 5.2% |
| Stock-Based Comp | N/A | N/A | N/A | 0 | 0 | 43M | 56M | 77M | 63M | 63M |
| Debt Repayment | 0 | 3.8M | 0 | 26M | 97M | 2.3B | 800M | 200M | 1.0B | 1.0B |
| Balance Sheet | ||||||||||
| Net Debt | N/A | -450M | 173M | 185M | 2.4B | 3.4B | 3.6B | 3.7B | 4.0B | 3.9B |
| Cash & Equiv. | 0 | 450M | 6.0M | 24M | 19M | 6.4M | 4.5M | 3.6M | 4.0M | 720K |
| Long-Term Debt | N/A | 0 | 168M | 209M | 2.3B | 3.4B | 3.6B | 3.4B | 3.6B | 3.6B |
| Debt/Equity | 0.27 | 0.00 | 19892.89 | 20949.50 | 246213.20 | -4.05 | -6.78 | -1.24 | -7.04 | 0.00 |
| Interest Coverage | -1.6 | -1.5 | -201.4 | -7.3 | 0.5 | 1.1 | 0.7 | 0.8 | 0.7 | 0.7 |
| Equity | 556M | -227M | 9K | 10K | 10K | -840M | -531M | -3.0B | -565M | -1.7B |
| Total Assets | 706M | 1.9B | 1.5B | 1.8B | 3.6B | 5.9B | 6.5B | 6.8B | 7.1B | 7.1B |
| Total Liabilities | 150M | 131M | 597M | 863M | 2.5B | 3.6B | 3.9B | 3.8B | 4.2B | 4.3B |
| Intangibles | N/A | N/A | N/A | N/A | 786M | 695M | 592M | 652M | 553M | 523M |
| Retained Earnings | -19M | -214M | -393M | -369M | 0 | -959M | -724M | -3.0B | -806M | -1.7B |
| Working Capital | -118M | 370M | -2.0M | 13M | -23M | 14M | 7.2M | -124M | -138M | -218M |
| Current Assets | 6.2M | 468M | 32M | 43M | 218M | 242M | 257M | 295M | 302M | 319M |
| Current Liabilities | 124M | 99M | 34M | 30M | 241M | 228M | 250M | 419M | 441M | 537M |
| Per Share Data | ||||||||||
| EPS | -0.30 | -0.51 | -95.70 | 0.00 | 0.00 | 1.47 | 2.52 | 1.02 | 2.63 | 2.68 |
| Owner EPS | -0.10 | -2.26 | 9.29 | N/A | N/A | 11.18 | 2.15 | 3.02 | 2.34 | 2.30 |
| Book Value | 8.98 | -26.38 | 0.00 | N/A | N/A | -30.30 | -4.62 | -37.94 | -8.34 | -25.03 |
| Cash Flow/Share | 0.00 | 0.08 | 20.36 | N/A | N/A | 22.12 | 5.09 | 8.12 | 8.91 | 8.38 |
| Dividends/Share | N/A | N/A | 0.00 | 1.50 | 1.50 | 1.42 | 0.71 | 2.23 | 2.86 | 2.98 |
| Shares Out. | 61.9M | 8.6M | 3.7M | N/A | N/A | 27.7M | 114.9M | 78.4M | 67.8M | 66.7M |
| Valuation | ||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 17.0 | 11.4 | 50.6 | 13.2 | 18.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 1.7 | 12.1 | 10.8 | 21.1 | 31.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | 104.1 | 47.4 | 42.9 | 67.0 | 58.1 | 50.9 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | 12.2 | N/A | N/A | 4.7 | 3.3 | 2.5 | 4.2 | 3.9 | 1.9 |
| FCF Yield | N/A | -9.4% | -180.0% | N/A | 4.9% | 10.8% | 8.3% | 4.5% | 2.0% | 3.2% |
| Market Cap | N/A | 884M | 148M | N/A | 3.2B | 3.8B | 3.3B | 8.4B | 5.6B | 3.4B |
| Avg. Price | N/A | 54.43 | 29.29 | 7.56 | 21.65 | 26.19 | 27.00 | 38.08 | 42.74 | 50.43 |
| Year-End Price | N/A | 51.36 | 19.75 | 14.92 | 22.67 | 25.01 | 28.61 | 51.65 | 34.76 | 50.43 |
Kinetik Holdings Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Kinetik Holdings Inc. trades at 19.2x trailing earnings, compared to its 15-year median P/E of 15.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 29.2x vs a median of 11.5x. The company's 5-year average ROIC is 8.2% with a gross margin of 58.5%. Total shareholder yield (dividends + buybacks) is 11.2%. At current prices, the estimated annualized return to fair value is +3.8%.
Kinetik Holdings Inc. (KNTK) has a net profit margin of 10.1%. This is a healthy margin.
Kinetik Holdings Inc. (KNTK) generated $112 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Kinetik Holdings Inc. (KNTK) reported earnings per share (EPS) of $2.63 in its most recent fiscal year.
Kinetik Holdings Inc. (KNTK) has a return on equity (ROE) of -10.1%. A negative ROE may indicate losses or negative equity.
Kinetik Holdings Inc. (KNTK) has a 5-year average gross margin of 58.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 9 years of financial data for Kinetik Holdings Inc. (KNTK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Kinetik Holdings Inc. (KNTK) has a book value per share of $-8.34, based on its most recent annual SEC filing.