# Kinetik Holdings Inc.: overview

KNTK · NYSE · CIK 1692787 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/kntk.md) · [Financials](/companies/kntk/financials.md) · [Filings](/companies/kntk/filings.md) · [Insiders](/companies/kntk/insiders.md)

Latest reported revenue: [$581.4m](/filings/0001692787-26-000116.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001692787-26-000116).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [396](/filings/0001692787-25-000067.md) | [386 d](/filings/0001692787-26-000048.md) | [443](/filings/0001692787-26-000092.md) | [427](/filings/0001692787-26-000116.md) | [464](/filings/0001692787-25-000067.md) | [430 d](/filings/0001692787-26-000048.md) | [410](/filings/0001692787-26-000092.md) | [581](/filings/0001692787-26-000116.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [18.4%](/filings/0001692787-25-000067.md) | [6.1% d](/filings/0001692787-26-000048.md) | [4.3%](/filings/0001692787-26-000092.md) | [18.2%](/filings/0001692787-26-000116.md) | [4.3%](/filings/0001692787-25-000067.md) | [11.2% d](/filings/0001692787-26-000048.md) | [(0.9%)](/filings/0001692787-26-000092.md) | [23.0%](/filings/0001692787-26-000116.md) |
| Net margin | % | [6.5%](/filings/0001692787-25-000067.md) | [1.4% d](/filings/0001692787-26-000048.md) | [1.4%](/filings/0001692787-26-000092.md) | [5.5%](/filings/0001692787-26-000116.md) | [1.1%](/filings/0001692787-25-000067.md) | [33.3% d](/filings/0001692787-26-000048.md) | [(0.4%)](/filings/0001692787-26-000092.md) | [8.5%](/filings/0001692787-26-000116.md) |
| Diluted EPS | $ per share | [0.35](/filings/0001692787-25-000067.md) | not reported | [0.05](/filings/0001692787-26-000092.md) | [0.33](/filings/0001692787-26-000116.md) | [0.03](/filings/0001692787-25-000067.md) | not reported | [(0.07)](/filings/0001692787-26-000092.md) | [0.64](/filings/0001692787-26-000116.md) |
| Free cash flow | $m | [156 d](/filings/0001692787-25-000067.md) | [36.3 d](/filings/0001692787-26-000048.md) | [102](/filings/0001692787-26-000092.md) | [1.8 d](/filings/0001692787-26-000116.md) | [31.6 d](/filings/0001692787-25-000067.md) | [(24.0) d](/filings/0001692787-26-000048.md) | [97.4](/filings/0001692787-26-000092.md) | [51.9 d](/filings/0001692787-26-000116.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [662](/filings/0001692787-24-000011.md) | [1,213](/filings/0001692787-25-000007.md) | [1,256](/filings/0001692787-26-000048.md) | [1,483](/filings/0001692787-26-000048.md) | [1,764](/filings/0001692787-26-000048.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [8.1%](/filings/0001692787-24-000011.md) | [12.4%](/filings/0001692787-25-000007.md) | [12.7%](/filings/0001692787-26-000048.md) | [12.1%](/filings/0001692787-26-000048.md) | [9.3%](/filings/0001692787-26-000048.md) |
| Net margin | % | [0.2%](/filings/0001692787-24-000011.md) | [20.7%](/filings/0001692787-25-000007.md) | [23.0%](/filings/0001692787-26-000048.md) | [5.4%](/filings/0001692787-26-000048.md) | [10.1%](/filings/0001692787-26-000048.md) |
| Diluted EPS | $ per share | [0.00](/filings/0001692787-24-000011.md) | [1.47](/filings/0001692787-25-000007.md) | [2.52](/filings/0001692787-26-000048.md) | [1.02](/filings/0001692787-26-000048.md) | [2.63](/filings/0001692787-26-000048.md) |
| Free cash flow | $m | [158](/filings/0001692787-24-000011.md) | [407](/filings/0001692787-25-000007.md) | [272](/filings/0001692787-26-000048.md) | [374](/filings/0001692787-26-000048.md) | [112](/filings/0001692787-26-000048.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/kntk/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $576.2m | 11,918,786 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $415.5m | 8,595,744 |  | Added +1,585,075 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $205.9m | 4,260,188 |  | Added +369,079 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $156.8m | 3,242,907 |  | Added +389,926 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $116.4m | 2,408,767 |  | Added +292,381 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $96.6m | 1,998,756 |  | Added +286,476 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $88.7m | 1,835,829 |  | Added +129,095 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $88.7m | 1,834,178 |  | Added +33,380 |
| [CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT](/funds/1329375.md) | 2026-06-30 | $84.7m | 1,752,000 |  | Reduced −122,000 |
| [Clearbridge Investments, LLC](/funds/1348883.md) | 2026-06-30 | $68.6m | 1,419,099 |  | Added +21,170 |

## Recent filings

[All 782 filings](/companies/kntk/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:46 ET | [8-K](/filings/0001692787-26-000140.md) | 8.01 Other events | 0001692787-26-000140 |
| 2026-10-15 | 16:55 ET | [SCHEDULE 13D/A](/filings/0000905148-26-004481.md) | Ownership report, active investor, amended | 0000905148-26-004481 |
| 2026-09-21 | 19:24 ET | [SCHEDULE 13D/A](/filings/0000905148-26-004247.md) | Ownership report, active investor, amended | 0000905148-26-004247 |
| 2026-08-19 | 17:38 ET | [SCHEDULE 13D/A](/filings/0000905148-26-003817.md) | Ownership report, active investor, amended | 0000905148-26-003817 |
| 2026-08-06 | 16:41 ET | [10-Q](/filings/0001692787-26-000116.md) | Quarterly report, period 2026-06-30 | 0001692787-26-000116 |
| 2026-08-06 | 19:02 ET | [8-K](/filings/0001692787-26-000114.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001692787-26-000114 |
| 2026-06-25 | 16:29 ET | [8-K](/filings/0001692787-26-000110.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001692787-26-000110 |
| 2026-05-20 | 17:01 ET | [8-K](/filings/0001692787-26-000095.md) | 5.07 Shareholder vote results | 0001692787-26-000095 |
| 2026-05-08 | 18:08 ET | [10-Q](/filings/0001692787-26-000092.md) | Quarterly report, period 2026-03-31 | 0001692787-26-000092 |
| 2026-05-07 | 17:43 ET | [8-K](/filings/0001692787-26-000089.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001692787-26-000089 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001692787-26-000048.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/65015865-ea20-4029-84d5-99897b264c4a)

## About the filer

- CIK: 1692787
- Tickers: KNTK
- Exchange: NYSE
- SIC code: 4922 Natural Gas Transmission
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 17:20 ET. No prices; not investment advice.