kntk: the income statement

MyFinsight

Kinetik Holdings Inc. (KNTK)

For the quarter ending 2025-06-30, KNTK made $426,738K in revenue. $23,645K in net income. Net profit margin of 5.54%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Total revenues	426,738	443,263	396,362	359,457
Operating expenses	68,045	63,603	55,804	44,068
General and administrative expenses	24,244	37,592	29,619	31,091
(gain) loss on disposal of assets, net	25	40	-	76
Depreciation and amortization expenses	93,763	92,673	87,583	75,061
Costs of sales (excluding depreciation and amortization)	156,697	223,364	144,586	146,513
Ad valorem taxes	6,559	6,791	5,896	6,212
Total operating costs and expenses	349,283	423,983	323,488	302,869
Operating income	77,455	19,280	72,874	56,588
Interest expense	-56,514	-55,714	-66,029	-54,049
Interest and other income	2,732	785	1,872	309
Equity in earnings of unconsolidated affiliates	58,705	57,478	53,244	55,955
Loss on debt extinguishment	-635	-	-	-525
Gain on sale of equity method investment	-	-	29,953	59,884
Total other income, net	4,288	2,549	19,040	61,574
Income before income taxes	81,743	21,829	91,914	118,162
Income tax expense	7,327	2,567	8,260	9,214
Net income including noncontrolling interest	74,416	19,262	83,654	108,948
Net income attributable to common unit limited partners	50,771	13,132	57,891	71,756
Net income attributable to holders of class a common stock	23,645	6,130	25,763	37,192
Net income attributable to class a common stock shareholders	-	6,130	25,763	37,192

Basic (in shares)	61,721,000	60,162,000	59,811,000	59,792,000
Basic (in usd per share)	0.33	0.05	0.35	0.54
Diluted (in shares)	62,228,000	61,001,000	60,424,000	60,279,000
Diluted (in usd per share)	0.33	0.05	0.35	0.54

Unit: Thousand (K) dollars (except for numbers of shares and EPS)