| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 720 | 3,951 | 7,737 | 10,733 |
| Accounts receivable, net of allowance for credit losses of 1,000 in 2026 and 2025 | 92,713 | 85,276 | 77,362 | 62,913 |
| Accounts receivable pledged | 187,100 | 165,200 | 178,600 | 189,300 |
| Derivative assets | 7,531 | 13,906 | 7,463 | 12,799 |
| Prepaid and other current assets | 30,733 | 33,703 | 43,908 | 36,884 |
| Current assets | 318,797 | 302,036 | 315,070 | 312,629 |
| Property, plant and equipment, net | 3,891,665 | 3,866,236 | 3,808,365 | 3,731,821 |
| Intangible assets, net | 523,184 | 553,230 | 584,619 | 607,752 |
| Derivative asset, non-current | 2,453 | 1,467 | 1,135 | 1,868 |
| Operating lease right-of-use assets | 56,398 | 71,147 | 83,071 | 79,561 |
| Deferred tax assets | 225,944 | 197,702 | 233,576 | 222,761 |
| Deferred charges and other assets | 95,621 | 89,991 | 85,661 | 84,276 |
| Investments in unconsolidated affiliates | 1,991,604 | 2,008,725 | 2,085,499 | 2,105,252 |
| Goodwill | 5,077 | 5,077 | 5,077 | 5,077 |
| Noncurrent assets | 6,791,946 | 6,793,575 | 6,887,003 | 6,838,368 |
| Total assets | 7,110,743 | 7,095,611 | 7,202,073 | 7,150,997 |
| Accounts payable | 28,672 | 42,067 | 31,610 | 36,573 |
| Accrued expenses | 227,571 | 172,050 | 228,378 | 218,625 |
| Derivative liabilities | 42,046 | 5,506 | 4,078 | 3,215 |
| Current portion of operating lease liabilities | 39,957 | 43,614 | 44,472 | 42,483 |
| Current debt obligations | 187,100 | 165,200 | 178,600 | 189,300 |
| Other current liabilities | 11,723 | 12,064 | 17,185 | 11,627 |
| Current liabilities | 537,069 | 440,501 | 504,323 | 501,823 |
| Long term debt, net | 3,644,128 | 3,627,720 | 3,956,330 | 3,736,972 |
| Contract liabilities | 30,493 | 30,959 | 33,030 | 20,932 |
| Operating lease liabilities | 18,149 | 29,033 | 39,900 | 38,046 |
| Derivative liabilities | 1,712 | 0 | 332 | 0 |
| Other liabilities | 14,819 | 14,717 | 24,762 | 24,585 |
| Deferred tax liabilities | 22,222 | 22,299 | 18,200 | 18,193 |
| Noncurrent liabilities | 3,731,523 | 3,724,728 | 4,072,554 | 3,838,728 |
| Total liabilities | 4,268,592 | 4,165,229 | 4,576,877 | 4,340,551 |
| Redeemable noncontrolling interest common unit limited partners | 4,511,385 | 3,495,762 | 4,400,882 | 4,376,104 |
| Common stock-Common Class A | 7 | 6 | 6 | 6 |
| Common stock-Common Class C | 9 | 10 | 10 | 9 |
| Deferred consideration | NaN | 0 | 0 | 1 |
| Treasury stock at cost, (1,652,929 and nil shares as of june 30, 2025 and december 31, 2024, respectively) | NaN | NaN | NaN | 72,554 |
| Additional paid-in capital | 0 | 240,725 | 221,979 | 288,295 |
| Accumulated deficit | -1,669,250 | -806,121 | -1,997,681 | -1,781,415 |
| Total equity | -1,669,234 | -565,380 | -1,775,686 | -1,565,658 |
| Total liabilities, noncontrolling interest and equity | 7,110,743 | 7,095,611 | 7,202,073 | 7,150,997 |
Kinetik Holdings Inc. (KNTK)
Kinetik Holdings Inc. (KNTK)