Kinetik Quarterly Income Statements Chart
Quarterly
|
Annual
Kinetik Quarterly Income Statements Table
Quarterly
|
Annual
Unit: USD | 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 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues: | ||||||||||||||||||||||||||||||||||
service revenue | 112,654,000 | 127,926,000 | 106,290,000 | 103,100,000 | 96,415,000 | 102,195,000 | 107,426,000 | 104,349,000 | 102,551,000 | 103,425,000 | 103,832,000 | 107,597,000 | 102,080,000 | 80,445,000 | ||||||||||||||||||||
product revenue | 311,590,000 | 312,505,000 | 275,894,000 | 290,423,000 | 260,102,000 | 236,567,000 | 235,876,000 | 221,280,000 | 191,430,000 | 173,824,000 | 187,971,000 | 213,803,000 | 229,651,000 | 174,928,000 | ||||||||||||||||||||
other revenue | 2,494,000 | 2,832,000 | 3,532,000 | 2,839,000 | 2,940,000 | 2,632,000 | 5,566,000 | 4,672,000 | 2,222,000 | 3,791,000 | 3,690,000 | 3,776,000 | 3,841,000 | 1,876,000 | ||||||||||||||||||||
total operating revenues | 426,738,000 | 443,263,000 | 385,716,000 | 396,362,000 | 359,457,000 | 341,394,000 | 348,868,000 | 330,301,000 | 296,203,000 | 281,040,000 | 295,493,000 | 325,176,000 | 335,572,000 | 257,249,000 | ||||||||||||||||||||
operating costs and expenses: | ||||||||||||||||||||||||||||||||||
costs of sales | 156,697,000 | 223,364,000 | 175,832,000 | 144,586,000 | 146,513,000 | 153,687,000 | 141,621,000 | 147,756,000 | 110,467,000 | 115,877,000 | 123,321,000 | 145,208,000 | 152,714,000 | 120,275,000 | ||||||||||||||||||||
operating expenses | 68,045,000 | 63,603,000 | 52,692,000 | 55,804,000 | 44,068,000 | 43,406,000 | 42,716,000 | 42,925,000 | 39,906,000 | 35,973,000 | 36,293,000 | 35,845,000 | 35,280,000 | 29,871,000 | ||||||||||||||||||||
ad valorem taxes | 6,559,000 | 6,791,000 | 6,314,000 | 5,896,000 | 6,212,000 | 6,292,000 | 6,668,000 | 5,607,000 | 3,889,000 | 5,458,000 | 1,034,000 | 5,903,000 | 5,880,000 | 4,153,000 | ||||||||||||||||||||
general and administrative expenses | 24,244,000 | 37,592,000 | 39,311,000 | 29,619,000 | 31,091,000 | 34,136,000 | 24,775,000 | 22,751,000 | 22,869,000 | 27,511,000 | 22,088,000 | 23,468,000 | 25,960,000 | 22,752,000 | 745,271.25 | 2,266,757 | 546,061 | 168,267 | 197,025 | 276,956 | 1,063,946 | |||||||||||||
depreciation and amortization expenses | 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 | ||||||||||||||||||||||||
(gain) loss on disposal of assets | -25,000 | -40,000 | -76,000 | |||||||||||||||||||||||||||||||
total operating costs and expenses | 349,283,000 | 423,983,000 | 362,046,000 | 323,488,000 | 302,869,000 | 315,293,000 | 292,731,000 | 291,901,000 | 258,750,000 | 253,775,000 | 250,481,000 | 279,375,000 | 294,961,000 | 238,184,000 | ||||||||||||||||||||
operating income | 77,455,000 | 19,280,000 | 23,670,000 | 72,874,000 | 56,588,000 | 26,101,000 | 56,137,000 | 38,400,000 | 37,453,000 | 27,265,000 | 45,012,000 | 45,801,000 | 40,611,000 | 19,065,000 | 24,369,000 | 14,590,000 | 13,606,000 | 13,047,000 | 12,235,000 | 18,948,000 | 11,711,000 | 18,641,000 | -1,278,497,000 | -6,583,000 | -4,942,000 | 4,231,000 | ||||||||
yoy | 36.88% | -26.13% | -57.84% | 89.78% | 51.09% | -4.27% | 24.72% | -16.16% | -7.78% | 43.01% | 84.71% | 213.92% | 198.48% | 46.13% | 99.17% | -23.00% | 16.18% | -30.01% | -100.96% | -387.83% | -336.97% | 340.58% | ||||||||||||
qoq | 301.74% | -18.55% | -67.52% | 28.78% | 116.80% | -53.50% | 46.19% | 2.53% | 37.37% | -39.43% | -1.72% | 12.78% | 113.01% | -21.77% | 67.03% | 7.23% | 4.28% | 6.64% | -35.43% | 61.80% | -37.18% | -101.46% | 19321.19% | 33.21% | -216.80% | |||||||||
operating margin % | ||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||
interest and other income | 2,732,000 | 785,000 | 530,000 | 1,872,000 | 309,000 | 91,000 | 379,000 | 289,000 | 1,042,000 | 294,000 | 239,000 | 250,000 | ||||||||||||||||||||||
loss on debt extinguishment | -635,000 | -525,000 | ||||||||||||||||||||||||||||||||
gain on sale of equity method investment | -35,000 | 29,953,000 | 59,884,000 | |||||||||||||||||||||||||||||||
interest expense | -56,514,000 | -55,714,000 | -49,690,000 | -66,029,000 | -54,049,000 | -47,467,000 | -75,411,000 | -45,009,000 | -16,126,000 | -69,308,000 | -56,667,000 | -40,464,000 | -25,347,000 | -26,774,000 | ||||||||||||||||||||
equity in earnings of unconsolidated affiliates | 58,705,000 | 57,478,000 | 43,523,000 | 53,244,000 | 55,955,000 | 60,469,000 | 53,187,000 | 50,754,000 | 49,610,000 | 46,464,000 | 30,176,500 | 45,003,000 | 47,786,000 | 27,917,000 | ||||||||||||||||||||
total other income | 4,288,000 | 2,549,000 | -5,672,000 | 19,040,000 | 61,574,000 | 13,093,000 | -23,721,000 | 6,034,000 | 34,526,000 | -22,550,000 | 3,822,000 | 5,027,000 | 90,999,000 | 3,000,000 | -68,456,000 | 37,773,000 | 62,850,000 | 12,040,000 | 49,269,000 | 10,787,000 | 6,243,000 | -45,856,000 | 13,249,000 | -1,588,000 | -508,000 | 2,431,000 | ||||||||
income before income taxes | 81,743,000 | 21,829,000 | 17,998,000 | 91,914,000 | 118,162,000 | 39,194,000 | 32,416,000 | 44,434,000 | 71,979,000 | 4,715,000 | 48,834,000 | 50,828,000 | 131,610,000 | 22,065,000 | 307,827.5 | -604,600 | 882,930 | 952,980 | 594,687 | 477,002 | -562,921 | |||||||||||||
income tax expense | 7,327,000 | 2,567,000 | 5,315,250 | 8,260,000 | 9,214,000 | 3,787,000 | 507,500 | 1,303,000 | 311,000 | 416,000 | 372,000 | 1,406,000 | 162,000 | 676,000 | ||||||||||||||||||||
net income including noncontrolling interest | 74,416,000 | 19,262,000 | 57,002,250 | 83,654,000 | 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 | 5,728,000 | |||||||||||||||||||
net income attributable to common unit limited partners | 50,771,000 | 13,132,000 | 10,715,000 | 57,891,000 | 71,756,000 | 23,857,000 | 19,942,000 | 27,551,000 | 46,654,000 | 2,863,000 | 32,966,000 | 33,778,000 | 15,508,000 | 12,531,000 | ||||||||||||||||||||
net income attributable to holders of class a common stock | 23,645,000 | |||||||||||||||||||||||||||||||||
net income attributable to holders of class a common stock, per share | ||||||||||||||||||||||||||||||||||
basic | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 4.67 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -8.28 | 1.4 | 3.11 | 0.05 | 2.5 | 0.61 | -0.07 | -0.13 | -4.85 | -0.06 | 0.01 | ||||||||||
diluted | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 1.95 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -7.69 | 1.26 | 1.31 | 0.05 | 2.51 | 0.3 | -0.07 | -0.14 | -4.84 | -0.07 | 0.01 | ||||||||||
weighted-average shares | ||||||||||||||||||||||||||||||||||
basic | 61,721 | 60,162 | 59,284 | 59,811 | 59,792 | 57,869 | 51,823 | 53,340 | 50,553 | 47,392 | 41,326 | 41,816 | 39,297 | 18,696 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 74,929 | 74,929 | 74,929 | 74,929 | 6,293 | 11,009,468 | 11,066,074 | 11,137,391 | 11,191,898 | ||||
diluted | 62,228 | 61,001 | 60,115 | 60,424 | 60,279 | 58,392 | 146,197 | 53,463 | 50,625 | 47,605 | 41,361 | 41,855 | 39,329 | 18,713 | 16,246 | 16,246 | 32,588 | 3,746 | 16,246 | 97,355 | 3,746 | 324,929 | 74,929 | 324,929 | 324,929 | 6,293 | 11,009,468 | 47,165,140 | 47,165,140 | 47,165,140 | ||||
net income attributable to class a common stock shareholders | 6,130,000 | 5,509,000 | 25,763,000 | 37,192,000 | 11,550,000 | 247,412,000 | 15,580,000 | 25,014,000 | 1,436,000 | |||||||||||||||||||||||||
net income attributable to class a common shareholders, per share | ||||||||||||||||||||||||||||||||||
basic | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 4.67 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -8.28 | 1.4 | 3.11 | 0.05 | 2.5 | 0.61 | -0.07 | -0.13 | -4.85 | -0.06 | 0.01 | ||||||||||
diluted | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 1.95 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -7.69 | 1.26 | 1.31 | 0.05 | 2.51 | 0.3 | -0.07 | -0.14 | -4.84 | -0.07 | 0.01 | ||||||||||
loss on disposal of assets | -50,000 | 4,166,000 | 4,236,000 | 2,927,000 | 12,137,000 | 102,000 | 8,546,000 | 110,000 | ||||||||||||||||||||||||||
gain on redemption of mandatorily redeemable preferred units | 5,087,000 | 4,493,000 | ||||||||||||||||||||||||||||||||
gain on embedded derivative | 488,000 | |||||||||||||||||||||||||||||||||
net income attributable to preferred unit limited partners | 708,000 | 109,502,000 | 4,993,000 | 89,244,000 | 29,166,000 | 24,004,000 | 19,492,000 | 19,548,000 | 19,332,000 | 18,764,000 | 18,262,000 | 17,186,000 | 17,480,000 | 4,143,000 | ||||||||||||||||||||
net income attributable to common shareholders | 267,354,000 | 43,131,000 | 71,668,000 | 4,299,000 | 48,462,000 | 48,714,000 | 21,946,000 | 16,396,000 | -136,042,000 | 20,523,000 | 49,837,000 | 2,997,000 | 40,744,000 | 9,990,000 | -1,102,000 | -45,054,000 | -1,348,128,000 | -25,668,000 | -9,641,000 | |||||||||||||||
net income attributable to class a common shareholders per share | ||||||||||||||||||||||||||||||||||
basic | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 4.67 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -8.28 | 1.4 | 3.11 | 0.05 | 2.5 | 0.61 | -0.07 | -0.13 | -4.85 | -0.06 | 0.01 | ||||||||||
diluted | 0.33 | 0.05 | 0.35 | 0.54 | 0.12 | 1.95 | 0.21 | 0.41 | -0.06 | 0.24 | 1.04 | 0.06 | 0.21 | -7.69 | 1.26 | 1.31 | 0.05 | 2.51 | 0.3 | -0.07 | -0.14 | -4.84 | -0.07 | 0.01 | ||||||||||
loss on embedded derivative | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 48,152,250 | 65,005,000 | 66,581,000 | 61,023,000 | ||||||||||||||||||||||||||||||
gain on disposal of assets | 3,150,500 | 3,946,000 | ||||||||||||||||||||||||||||||||
gain on debt extinguishment | -27,975,000 | |||||||||||||||||||||||||||||||||
net income attributable to class a common shareholders | 6,309,750 | 14,936,000 | 6,438,000 | 3,865,000 | -31,031,000 | 5,244,000 | 11,663,000 | 180,000 | 9,396,000 | 2,303,000 | -255,000 | -9,853,000 | -363,613,000 | -4,864,000 | -2,293,000 | 1,100,000 | ||||||||||||||||||
weighted-average shares ** | ||||||||||||||||||||||||||||||||||
basic | 61,721 | 60,162 | 59,284 | 59,811 | 59,792 | 57,869 | 51,823 | 53,340 | 50,553 | 47,392 | 41,326 | 41,816 | 39,297 | 18,696 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 74,929 | 74,929 | 74,929 | 74,929 | 6,293 | 11,009,468 | 11,066,074 | 11,137,391 | 11,191,898 | ||||
diluted | 62,228 | 61,001 | 60,115 | 60,424 | 60,279 | 58,392 | 146,197 | 53,463 | 50,625 | 47,605 | 41,361 | 41,855 | 39,329 | 18,713 | 16,246 | 16,246 | 32,588 | 3,746 | 16,246 | 97,355 | 3,746 | 324,929 | 74,929 | 324,929 | 324,929 | 6,293 | 11,009,468 | 47,165,140 | 47,165,140 | 47,165,140 | ||||
unrealized gain on embedded derivative | 91,448,000 | |||||||||||||||||||||||||||||||||
unrealized loss on embedded derivative | -2,886,000 | |||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||
midstream services revenue — affiliate | 44,183,000 | 34,548,000 | 32,467,000 | 31,529,000 | 33,462,000 | 38,869,000 | 31,616,000 | 40,767,000 | 43,804,000 | 34,009,000 | 24,139,000 | 33,847,000 | ||||||||||||||||||||||
product sales — third parties | 2,393,000 | 3,126,000 | 2,617,000 | 1,795,000 | 1,303,000 | |||||||||||||||||||||||||||||
total revenues | 56,330,000 | 34,548,000 | 35,593,000 | 34,146,000 | 35,257,000 | 40,172,000 | 31,616,000 | 40,767,000 | 43,804,000 | 34,009,000 | 24,139,000 | 33,847,000 | ||||||||||||||||||||||
costs and expenses: | ||||||||||||||||||||||||||||||||||
costs of product sales | 1,336,000 | 3,351,000 | 1,993,000 | 1,295,000 | 1,177,000 | |||||||||||||||||||||||||||||
operations and maintenance | 8,364,000 | 9,642,000 | 7,340,000 | 7,402,000 | 8,934,000 | 8,960,000 | 9,508,000 | 10,591,000 | 12,392,000 | 13,063,000 | 14,005,000 | 16,399,000 | ||||||||||||||||||||||
general and administrative | 3,832,000 | 3,420,000 | 3,475,000 | 3,455,000 | 3,053,000 | 2,936,000 | 2,988,000 | 4,178,000 | 1,987,000 | 3,242,000 | 2,081,000 | 2,991,000 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
impairments | 441,000 | 1,291,381,000 | 9,338,000 | |||||||||||||||||||||||||||||||
taxes other than income | 3,455,000 | 2,811,000 | 3,812,000 | 3,808,000 | 4,136,000 | 4,143,000 | 3,347,000 | 3,443,000 | 3,529,000 | 3,239,000 | 3,888,000 | 2,575,000 | ||||||||||||||||||||||
total costs and expenses | 31,961,000 | 19,958,000 | 21,987,000 | 21,099,000 | 23,022,000 | 21,224,000 | 19,905,000 | 22,126,000 | 1,322,301,000 | 40,592,000 | 29,081,000 | 29,616,000 | ||||||||||||||||||||||
unrealized derivative instrument gain | 63,627,000 | 4,010,000 | 31,006,000 | |||||||||||||||||||||||||||||||
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 | -1,297,000 | 270,000 | ||||||||||||||||||||||
warrants valuation adjustment | 442,000 | 664,000 | 222,000 | -664,000 | ||||||||||||||||||||||||||||||
other | 1,253,000 | 620,000 | 3,155,000 | 7,544,000 | -1,951,000 | -97,000 | -177,000 | -605,000 | -17,000 | |||||||||||||||||||||||||
financing costs, net of capitalized interest | 2,711,000 | 2,674,000 | 2,615,000 | 2,598,000 | 1,212,000 | 413,000 | 292,000 | 273,000 | 284,000 | 522,000 | 478,000 | 508,000 | ||||||||||||||||||||||
net income before income taxes | -46,798,000 | 49,689,000 | 73,841,000 | 22,489,000 | 60,292,000 | 29,322,000 | 17,662,000 | -27,488,000 | -1,265,532,000 | -8,693,000 | -5,928,000 | 6,154,000 | ||||||||||||||||||||||
current income tax benefit | -696,000 | |||||||||||||||||||||||||||||||||
net income including noncontrolling interests | -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 | -5,498,000 | |||||||||||||||||||||||
net income attributable to apache limited partner | -105,011,000 | 15,279,000 | 38,174,000 | 2,817,000 | 31,348,000 | 7,687,000 | -847,000 | -35,201,000 | -984,515,000 | -20,804,000 | -7,348,000 | |||||||||||||||||||||||
interest income | 1,000 | 1,000 | 2,000 | 7,000 | 22,000 | 617,000 | 806,000 | 2,161,000 | ||||||||||||||||||||||||||
unrealized derivative instrument loss | -16,529,000 | 40,022,000 | -3,533,000 | -10,585,000 | -61,984,000 | -4,701,000 | -3,769,000 | |||||||||||||||||||||||||||
deferred income tax benefit | -127,500 | -505,000 | ||||||||||||||||||||||||||||||||
deferred income tax expense | 426,000 | |||||||||||||||||||||||||||||||||
deferred income tax (benefit) expense | -430,000 | |||||||||||||||||||||||||||||||||
net income attributable to class a common shareholders, per share | ||||||||||||||||||||||||||||||||||
basic and diluted | -0.03 | |||||||||||||||||||||||||||||||||
weighted-average shares | ||||||||||||||||||||||||||||||||||
basic and diluted | 74,929 | 10,682,217 | 11,042,745 | |||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | 4,628,000 | |||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||
franchise tax expense | 37,509.5 | 50,013 | 50,012 | 50,013 | 101,150 | 55,900 | 43,000 | |||||||||||||||||||||||||||
total expenses | 782,780.75 | 2,316,770 | 596,073 | 218,280 | 298,175 | 332,856 | 1,106,946 | |||||||||||||||||||||||||||
income from operations | -782,780.75 | -2,316,770 | -596,073 | -218,280 | -298,175 | -332,856 | -1,106,946 | |||||||||||||||||||||||||||
other income – investment income on trust account | 1,090,608.25 | 1,712,170 | 1,479,003 | 1,171,260 | ||||||||||||||||||||||||||||||
current income tax expense | -221,852.5 | -349,053 | -300,088 | -238,269 | -269,182 | -256,345 | -170,349 | |||||||||||||||||||||||||||
net income attributable to common shares | 85,975 | -953,653 | 582,842 | 714,711 | 325,505 | 220,657 | -733,270 | |||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||
basic | 61,721 | 60,162 | 59,284 | 59,811 | 59,792 | 57,869 | 51,823 | 53,340 | 50,553 | 47,392 | 41,326 | 41,816 | 39,297 | 18,696 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 3,746 | 74,929 | 74,929 | 74,929 | 74,929 | 6,293 | 11,009,468 | 11,066,074 | 11,137,391 | 11,191,898 | ||||
diluted | 62,228 | 61,001 | 60,115 | 60,424 | 60,279 | 58,392 | 146,197 | 53,463 | 50,625 | 47,605 | 41,361 | 41,855 | 39,329 | 18,713 | 16,246 | 16,246 | 32,588 | 3,746 | 16,246 | 97,355 | 3,746 | 324,929 | 74,929 | 324,929 | 324,929 | 6,293 | 11,009,468 | 47,165,140 | 47,165,140 | 47,165,140 | ||||
net income per common share: | ||||||||||||||||||||||||||||||||||
basic | 0.008 | -0.09 | 0.05 | 0.06 | -0.013 | 0.02 | ||||||||||||||||||||||||||||
diluted | 0.003 | -0.09 | 0.01 | 0.02 | -0.013 | 0 | ||||||||||||||||||||||||||||
other income — investment income on trust account | 338,470.75 | 809,858 | 544,025 | |||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||
basic and diluted | 74,929 | 10,682,217 | 11,042,745 | |||||||||||||||||||||||||||||||
net income per common share: | ||||||||||||||||||||||||||||||||||
basic and diluted | -0.07 |
We provide you with 20 years income statements for Kinetik stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Kinetik stock. Explore the full financial landscape of Kinetik stock with our expertly curated income statements.
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