7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
      
                                   
      cash flows from operating activities:
                                   
      net income including noncontrolling interest
    15,549,000 74,416,000 19,262,000                        5,728,000     
      adjustments to reconcile net income to net cash from operating activities:
                                   
      depreciation and amortization expense
    95,409,000 93,763,000 92,673,000 87,947,000 87,583,000 75,061,000 73,606,000 72,715,000 69,935,000 69,482,000 68,854,000 67,736,000 65,005,000 66,581,000 61,023,000                 
      amortization of deferred financing costs
    1,908,000 2,012,000 1,972,000 1,941,000 1,915,000 1,883,000 1,699,000 1,593,000 1,546,000 1,534,000 1,521,000   3,149,000 3,389,000                 
      amortization of contract costs
    1,744,000 1,654,000 1,656,000 1,656,000 1,655,000 1,655,000 1,655,000 1,655,000 1,655,000 1,655,000 1,655,000 463,000 448,000 448,000 448,000                 
      contingent liabilities fair value adjustment
       -1,200,000                            
      distributions from unconsolidated affiliates
    78,263,000 63,604,000 63,337,000  71,028,000 75,429,000 77,213,000 -199,212,000 69,661,000    68,242,000 69,471,000 48,073,000                 
      derivative settlement
    6,283,000 -943,000 -4,714,000                             
      derivative fair value adjustment
    981,000 -37,541,000 22,171,000 8,775,000 2,314,000 4,667,000 1,957,000 7,357,000 -4,417,000 -48,381,000 11,770,000                     
      gain on sale of equity method investment
       35,000 -29,953,000                           
      (gain) loss on disposal of assets
    50,000 -25,000 -40,000                             
      equity in earnings of unconsolidated affiliates
    -58,289,000 -58,705,000 -57,478,000                             
      loss on debt extinguishment
                                
      share-based compensation
    14,229,000 9,695,000 20,653,000 23,668,000 15,171,000 15,136,000 22,561,000 12,643,000 12,501,000 13,299,000 17,540,000 11,814,000 12,662,000 12,172,000 6,132,000                 
      deferred income taxes
    1,085,000 6,949,000 2,460,000  7,342,000 8,731,000 3,660,000  1,072,000 240,000 363,000 212,000 1,269,000 -63,000 676,000                 
      changes in operating assets and liabilities:
                                   
      accounts receivable and pledged receivable
    -3,749,000 19,114,000 -19,187,000 -36,525,000 42,347,000                           
      other assets
    -10,532,000 -3,639,000 -1,886,000 11,729,000 -1,763,000 -3,831,000 1,865,000 1,123,000 265,000 -5,092,000 -2,206,000 5,341,000 2,309,000 -11,436,000 -456,000                 
      accounts payable
    -3,580,000 -2,756,000 -7,090,000 12,512,000 -38,239,000 5,860,000 -20,982,000 20,584,000 -3,689,000 6,084,000 -3,175,000 -2,524,000 4,770,000 2,922,000 -6,766,000                 
      accrued liabilities
    42,561,000 -38,386,000 19,244,000 -7,728,000 21,765,000 -18,706,000 1,756,000 -15,361,000 74,902,000 -55,383,000 -10,679,000 -57,003,000 -6,419,000 28,133,000 73,961,000                 
      other non-current liabilities
    178,000 -1,114,000 23,550,000  -1,755,000 11,000  -10,000 -999,000 1,677,000                     
      operating leases
    333,000 344,000 247,000 -152,000 -45,000 -412,000 3,000 18,000 5,000 46,000 632,000                     
      net cash from operating activities
    188,123,000 129,077,000 176,830,000 143,990,000 214,134,000 125,517,000 153,705,000 178,895,000 174,538,000 111,456,000 119,591,000 159,762,000 184,326,000 170,525,000 98,393,000 51,324,000 57,340,000 57,783,000 43,272,000 26,847,000 50,650,000 35,259,000 51,538,000 36,837,000 17,748,000 11,634,000 10,054,000 1,699,490 -508,065 -371,219 -159,206 
      cash flows from investing activities:
                                   
      property, plant and equipment expenditures
    -156,514,000 -127,294,000 -74,546,000 -107,739,000 -58,455,000 -39,375,000 -57,975,000 -67,062,000 -85,631,000 -101,305,000 -58,862,000 -45,682,000 -89,049,000 -42,195,000 -29,234,000                 
      intangible assets expenditures
    -15,312,000 -8,638,000 -6,929,000 -4,585,000 -4,971,000 -550,000 -2,223,000 -1,615,000 -1,122,000 -4,202,000 -9,755,000 -2,087,000 -4,816,000 -4,957,000 -3,559,000                 
      investments in unconsolidated affiliates
    -221,000 -97,000 -888,000  -3,273,000  -48,008,000                       
      net cash paid for acquisition of interest in unconsolidated affiliates
                                   
      cash proceeds from sale of equity method investment
       30,000,000                           
      cash proceeds from disposal of assets
    39,000                               
      net cash paid for acquisition
    682,000    8,083,000                           
      net cash from investing activities
    -171,326,000 -131,466,000 -260,138,000 -110,978,000 -109,211,000 105,282,000 -61,980,000 -103,720,000 -134,697,000 -201,435,000 -246,468,000 -69,712,000 -147,359,000 -49,667,000 -19,392,000 7,584,000 12,488,000 1,934,000 -13,222,000 -37,080,000 -125,985,000 -77,680,000 -97,615,000 -188,641,000 -617,349,000 -415,147,000 -282,551,000     
      cash flows from financing activities:
                                   
      proceeds from borrowing under a/r facility
    14,900,000 64,700,000 8,600,000                             
      payments on a/r facility
    -25,600,000   -14,600,000                           
      proceeds from borrowings from long-term debt
    1,150,000,000 250,000,000                             
      payments on long-term debt
                                  
      payments of debt issuance costs
    -171,000 -8,192,000 -2,497,000                           
      payments of debt discount
                                  
      proceeds from revolving line of credit
    336,000,000                               
      payments on revolving line of credit
    -118,000,000                               
      cash dividends paid to class a common stock shareholders
    -48,571,000 -47,967,000 -46,983,000 -46,780,000 -44,902,000 -44,779,000 -38,747,000 -23,322,000 -21,834,000 -19,269,000 -16,927,000 -14,947,000 -13,112,000                   
      distributions paid to class c common unit limited partners
    -78,351,000   -76,264,000 -73,332,000 -70,452,000 -721,000 -173,000                        
      repurchase of class a common stock
    -100,000,000       -3,325,000 -2,432,000                     
      net cash from financing activities
    -19,793,000 4,277,000 88,547,000 -49,844,000 -97,034,000 -228,006,000 -86,479,000 -70,733,000 -42,010,000 90,232,000 122,467,000 -95,384,000 -30,558,000 -133,185,000 -80,084,000 -35,933,000 -35,932,000 -35,931,000 -2,932,000 32,438,000 75,438,000 25,000,000 59,395,000 155,193,000 225,275,000   623,774,000    
      net change in cash
    -2,996,000 1,888,000 5,239,000 -16,832,000 7,889,000 2,793,000 5,246,000 4,442,000 -2,169,000 253,000 -4,410,000 -5,334,000 6,409,000 -12,327,000 -1,083,000                 
      cash, beginning of period
    3,606,000 4,510,000 6,394,000 18,729,000                 
      cash, end of period
    -2,996,000 1,888,000 8,845,000 -16,832,000 7,889,000 2,793,000 9,756,000 4,442,000 -2,169,000 253,000 1,984,000 -5,334,000 6,409,000 -12,327,000 17,646,000                 
      supplemental schedule of investing and financing activities
                                   
      cash paid for interest, net of amounts capitalized
    24,713,000 79,731,000 23,710,000 77,834,000 26,292,000 83,382,000 57,095,000 41,823,000 40,466,000 88,666,000 36,745,000 43,678,000 23,610,000 27,181,000 25,801,000                 
      cash paid for income taxes
    1,233,000   1,000 74,000                           
      property and equipment and intangible accruals in accounts payable and accrued liabilities
    -22,235,000 25,305,000 41,907,000 -3,046,000 10,839,000 -7,263,000 20,564,000 2,079,000 -14,394,000 6,916,000 32,715,000 -443,000 -2,627,000 6,004,000 14,340,000                 
      right-of-use assets obtained in exchange for lease liabilities
    17,003,000 1,965,000 15,767,000                             
      class a common stock issued through dividend and distribution reinvestment plan
    413,000 334,000 390,000 390,000 444,000 552,000 74,247,000 88,289,000 88,145,000 87,968,000 87,658,000 87,832,000 87,756,000                   
      fair value of assets acquired in business combinations
    -682,000                               
      cash consideration paid
    -682,000   -1,000 1,000                           
      class c common units issued
                                   
      deferred consideration
                                 
      contingent consideration
       -59,500,000                           
      liabilities assumed
                                  
      distributions from unconsolidated affiliate
      560,000 287,203,000 1,549,000 1,240,000 266,697,000 -61,971,000 67,764,000                     
      cash proceeds from disposals
      45,000    251,000 145,000 64,000 135,000 14,000 29,000 30,000                   
      net cash paid for acquisitions
      -178,380,000                             
      proceeds from debt premium
      625,000                             
      proceeds from revolver
      388,000,000 234,000,000 219,000,000 563,000,000 44,000,000 79,500,000 110,000,000 296,000,000 267,000,000 28,000,000 530,000,000 7,000,000                 
      payments of revolver
      -433,000,000  -199,000,000                           
      distributions paid to common unit limited partners
      -76,198,000    -70,566,000                         
      net income including noncontrolling interests
         108,948,000 35,407,000 267,354,000 43,131,000 71,668,000 4,299,000 48,462,000 49,422,000 131,448,000 21,389,000 -46,798,000 49,689,000 73,841,000 22,489,000 60,292,000 29,322,000 17,662,000 -26,792,000 -1,330,942,000 -8,188,000       
      derivatives settlement
       845,000 1,204,000 -13,061,000 3,754,000 10,597,000 4,841,000 9,296,000 974,000 -448,000 11,999,000 -884,000                 
      warrants fair value adjustment
           -15,000 4,000 -33,000 -44,000                     
      gain on redemption of mandatorily redeemable preferred units
               -5,087,000 -4,493,000                 
      loss on disposal of assets
       -50,000 -76,000 4,166,000 4,236,000 2,927,000 12,137,000 102,000 9,000 3,946,000 8,546,000 110,000                 
      equity in earnings from unconsolidated affiliates
         -55,955,000 -60,469,000 -53,187,000 -50,754,000 -49,610,000 -46,464,000  -45,003,000                   
      deferred income tax expense
                              426,000     
      investments in unconsolidated affiliate
              -58,658,000                     
      cash proceeds from disposals of assets
       75,000                           
      net cash (paid for) acquired in acquisition
                                   
      proceeds from borrowings under a/r facility
       4,800,000                            
      principal payments on long-term debt
               -2,267,748,000 -26,382,000                 
      payments on debt discount
                                   
      payments on revolver
          -91,000,000 -115,500,000 -130,000,000 -183,000,000 -125,000,000                     
      redemption of mandatorily redeemable preferred units
               -30,717,000 -91,878,000 -60,702,000                 
      redemption of redeemable noncontrolling interest preferred units
                                  
      distributions paid to mandatorily redeemable preferred unit holders
                                   
      distributions paid to redeemable noncontrolling interest preferred unit limited partners
                                   
      kinetik holdings inc.consolidated statements of cash flows
                                   
      right-of-use obtained in exchange for lease liabilities
                                   
      fair value of assets acquired in durango and altm acquisition
                                   
      class c common units issued in exchange
                                 
      class a common stock issued in exchange
               1,013,745,000                 
      liabilities and mezzanine equity assumed
                                   
      net cash paid for acquisition of interest in unconsolidated affiliate
                                   
      payments on term loan credit facility
                                  
      payment of debt discount
                                  
      fair value of durango assets acquired
        11,356,000                           
      durango liabilities assumed
        11,355,000                           
      lease assets obtained in exchange for lease liabilities
                                   
      accounts receivable
          5,843,000 14,851,000 -49,037,000 17,047,000 5,008,000 65,598,000 26,584,000 -33,065,000 -67,446,000                 
      payments on debt issuance cost
          -11,000                         
      balance at december 31, 2022
          3,112,409,000                         
      redemption of common units
          -5,634,000                         
      issuance of common stock through dividend and distribution reinvestment plan
                                   
      net income
          2,863,000  -108,794,000 104,509,000 4,993,000                  -953,653 582,842 714,711 
      change in redemption value of noncontrolling interests
          -128,211,000                         
      dividends on class a common stock
                                   
      balance at march 31, 2023
          2,910,861,000                         
      balance at december 31, 2023
          3,157,807,000                         
      recognition of deferred tax asset
                                   
      distribution paid to common unit limited partners
          -70,515,000                         
      balance at march 31, 2024
          3,624,670,000                         
      contingent liabilities remeasurement
                                 
      gain on debt extinguishment
                  129,000                 
      deferred income tax (benefit) expense
                                   
      proceeds from issuance of long-term debt
                                 
      equity contributions
                                   
      fair value of altm assets acquired
               -1,979,000 -1,000 765,000 2,445,665,000                 
      altm liabilities and mezzanine equity assumed
               -1,979,000 -1,000 765,000 1,431,920,000                 
      net cash (paid for) acquired in acquisitions
            -125,000,000                     
      for the quarter ended september 30, 2022
                                   
      balance at june 30, 2022
                                  
      redemption of preferred units
                                   
      excess of carrying amount over preferred units redemption price
                                   
      issuance of class a common stock through dividend and distribution reinvestment plan
                                   
      cash dividends on class a common stock
                                   
      balance at september 30, 2022
                                   
      for the quarter ended september 30, 2023
                                   
      balance at june 30, 2023
                                   
      retirement of treasury stock
                                   
      balance at september 30, 2023
                                   
      distribution paid to class c common unit limited partners
             -174,000 -174,000                     
      for the quarter ended june 30, 2022
                                   
      balance at march 31, 2022
             460,773,000                     
      distributions payable to preferred unit limited partners
             -6,937,000                     
      for the quarter ended june 30, 2023
                                   
      distribution paid to common units limited partners
                                   
      for the three months ended march 31, 2022
                                   
      balance at december 31, 2021
                                   
      altm acquisition
              462,717,000                     
      remeasurement of contingent consideration
                                   
      for the three months ended march 31, 2023
                                   
      equity in (earnings) losses from unconsolidated affiliates
                                   
      goodwill impairment
                                   
      net cash acquired in acquisition
               13,401,000                 
      consideration payable from acquisition
                                   
      redeemable noncontrolling interest — preferred unit limited partners
                                   
      balance at december 31, 2019
                                   
      contribution
                                   
      balance at december 31, 2020
                                   
      distributions paid to class unit limited partners
                                   
      distributions paid to preferred unit limited partners
                   -11,563,000 -11,562,000 -11,562,000 -11,562,000 -11,562,000            
      step up in tax basis for common unit conversion
                                   
      distributions paid to common units limited partners
                                   
      cash flows from operating activities
                                   
      amortization of debt issuance costs
                                   
      derivatives fair value adjustment
                -488,000 -93,799,000 -8,745,000                 
      (gain) loss on debt extinguishment
                                  
      change in operating assets and liabilities:
                                   
      operating lease liabilities
                64,000 4,552,000 -4,897,000                 
      cash flows from investing activities
                                   
      investment in unconsolidated affiliates
                -53,524,000                   
      cash flows from financing activities
                                   
      payment on debt issuance costs
                169,000                   
      payment on revolver
                -55,000,000                   
      distributions paid to mandatorily redeemable preferred units holders
                                  
      distributions paid to redeemable noncontrolling interest preferred units limited partners
                                   
      distributions paid to class c common units limited partners
                -438,000                   
      redeemable noncontrolling interest — preferred unit limited partners*
                                   
      for the quarter ended september 30, 2021
                                   
      balance at june 30, 2021
                                   
      balance at september 30, 2021
                                   
      distributions paid to redeemable noncontrolling interests preferred units limited partners
                                   
      for the quarter ended june 30, 2021
                                   
      balance at march 31, 2021
                                   
      equity in (earnings) losses from unconsolidated affiliate
                  -27,917,000                 
      operating lease right-of-use assets
                  4,667,000                 
      payments of deferred financing costs
                                   
      equity distributions
                                   
      for the quarter ended march 31, 2021
                                   
      for the quarter ended march 31, 2022
                                   
      unrealized derivative instrument (gain) loss
                   -63,627,000 -4,010,000               
      depreciation and accretion
                   4,107,000 4,085,000 4,009,000 4,000,000 3,961,000 4,008,000 4,062,000 3,914,000 13,012,000 11,710,000 9,107,000 7,651,000     
      income from equity method interests
                   -31,131,000 -32,479,000 -28,466,000 -21,688,000 -11,198,000 -14,320,000 -16,923,000 -16,298,000 -18,533,000 -1,564,000 1,298,000 -270,000     
      distributions from equity method interests
                   36,217,000 35,666,000 38,281,000 23,810,000 20,312,000 22,899,000 16,551,000 20,985,000 21,925,000        
      impairments
                   441,000     1,291,381,000        
      impairment on equity method interests
                                   
      power credit
                   1,346,000 562,000               
      warrants valuation adjustment
                   -442,000 -664,000 -222,000 664,000             
      other
                   2,335,000 99,000 90,000 217,000 2,587,000 292,000 28,000 461,000 241,000 1,230,000 -363,000 -201,000     
      increase in inventories
                      -294,000 64,000 110,000 438,000 -182,000    -139,000     
      increase in prepaid assets and other
                   264,000 642,000 -1,233,000 544,000   -462,000 -180,000         
      increase in accounts receivable
                   -2,249,000 1,956,000 -697,000 -226,000 -477,000            
      increase in revenue receivables
                       597,000   3,752,000 -3,734,000 -2,728,000 2,542,000 -612,000     
      increase in account receivables from/payable to affiliate
                      279,000 126,000 -384,000 2,249,000 -948,000         
      increase in accrued expenses
                   -72,000 1,530,000 3,404,000 4,491,000 -10,865,000 4,753,000 3,375,000 3,017,000 -8,985,000 2,603,000 3,802,000 2,651,000     
      increase in deferred charges, deferred credits and other noncurrent liabilities
                                   
      capital expenditures
                   -1,320,000 -821,000 -1,117,000 -1,330,000 -441,000 -3,020,000 -7,424,000 -19,096,000 -35,640,000 -47,715,000 -94,777,000 -164,518,000     
      free cash flows
                   50,004,000 56,519,000 56,666,000 41,942,000 26,406,000 47,630,000 27,835,000 32,442,000 1,197,000 -29,967,000 -83,143,000 -154,464,000     
      proceeds from sale of assets
                   1,350,000 18,000 579,000 1,090,000 2,611,000 856,000 677,000 6,096,000         
      contributions to equity method interests
                   -1,150,000 -3,115,000 -3,633,000 -20,522,000 -41,078,000 -131,841,000 -71,559,000 -82,827,000 -163,940,000 -127,174,000       
      acquisition of equity method interests
                           -442,460,000       
      capitalized interest paid
                       -1,356,000 -2,004,000 -2,033,000 -3,340,000         
      redeemable noncontrolling interest - preferred unit limited partners
                                 
      distributions paid to apache limited partner
                   -18,750,000 -18,750,000 -18,750,000 -18,750,000             
      dividends paid
                   -5,620,000 -5,620,000 -5,619,000 -5,620,000             
      proceeds from revolving credit facility
                   33,000,000 44,000,000 87,000,000 25,000,000 72,000,000 161,000,000        
      finance lease
                       -11,789,000 -5,807,000 -9,725,000       
      deferred facility fees
                       -816,000       
      increase in cash and cash equivalents
                   22,975,000 33,896,000 23,786,000 27,118,000             
      cash and cash equivalents at beginning of year
                   24,188,000 5,983,000 449,935,000     
      cash and cash equivalents at end of period
                   22,975,000 33,896,000 23,786,000 51,306,000 22,205,000 103,000 -17,421,000 19,301,000 3,389,000 -374,326,000 199,482,000 177,438,000     
      supplemental cash flow data:
                                   
      accrued capital expenditures
                   202,000   305,000 578,000 -1,153,000 -5,148,000 6,557,000 -5,733,000 -6,024,000 538,000 29,792,000     
      finance lease liability
                           -19,233,000 29,000,000     
      interest paid, net of capitalized interest
                   2,498,000 2,399,000 2,315,000 2,328,000 919,000    218,000 -808,000 1,261,000 232,000     
      cash received for income tax refunds
                                 
      decrease in inventories
                    99,000               
      decrease in revenue receivables
                    -17,000 188,000 226,000             
      decrease in account receivables from/payable to affiliate
                    29,000               
      increase in deferred charges and other noncurrent liabilities
                                   
      increase in deferred charges, deferred credits, and other noncurrent liabilities
                     -725,000 -1,005,000             
      unrealized derivative instrument loss
                      16,529,000 -40,022,000 3,533,000 10,585,000 61,984,000 4,701,000        
      other income
                      -7,205,000             
      adjustment for non-cash transactions with affiliate
                                   
      increase in interest receivable
                                   
      recapitalization transaction
                                   
      deferred income tax benefit
                                   
      decrease in prepaid assets and other
                                   
      decrease in cash and cash equivalents
                        103,000           
      increase deferred credits and noncurrent liabilities
                         -443,000 1,825,000         
      net increase in cash and cash equivalents
                          13,318,000         
      increase in prepaid and other
                             498,000 -809,000     
      increase in inventories and other
                            -192,000       
      decrease in prepaid and other
                                   
      increase in accounts receivable from/payable to affiliate
                                   
      net decrease in cash and cash equivalents
                            -374,326,000 199,482,000 -272,497,000     
      increase in accounts payable to affiliate
                              -4,371,000     
      contributions to equity method interest
                              -66,224,000     
      acquisition of equity method interest
                              -51,809,000     
      increase in prepayments and other
                                   
      joint venture equity interest
                                   
      trust income retained in trust account
                                -1,672,170 -887,540 -648,210 
      increase in prepaid expenses and other assets
                                69,562   
      increase in accrued expenses and taxes
                                2,048,196   
      net cash from investing activities:
                                   
      cash deposited into trust account
                                   
      proceeds from public offering
                                   
      proceeds from sale of private placement warrants
                                   
      payment of underwriting costs
                                   
      payment of offering costs
                                   
      proceeds from sponsor note
                                500,000   
      payment of sponsor note
                                   
      net increase in cash
                                -8,065   
      cash at beginning of period
                                479,055 
      cash at end of period
                                -8,065 -271,219 319,849 
      supplemental disclosure of cash flow information:
                                   
      deferred underwriting compensation
                                   
      income and franchise taxes paid
                                40,000 591,463 523,050 
      current tax liability
                                -349,053 211,375 -220,145 
      deferred tax asset:
                                   
      deferred general and administrative expenses
                                476,019 114,673 358,301 
      valuation allowance at 21%
                                -476,019 -114,673 -358,301 
      deferred tax asset
                                   
      net cash from in financing activities
                                   
      offering costs included in accrued formation and offering costs
                                   
      decrease in prepaid expenses and other assets
                                  11,229 
      decrease in accrued expenses and taxes
                                  -236,936 
      net decrease in cash
                                  -159,206 
      net cash from investing activities,
                                   
      proceeds from sale of class b convertible common stock to sponsor
                                   
      deferred underwriting compensation and offering costs
                                   
      income taxes paid
                                   
      investments held in trust account
                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.