7Baggers

Kinetik Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Operating Profit  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 011.0622.1333.244.2655.3366.3977.45Milllion

Kinetik Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 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 revenue112,654,000 127,926,000 106,290,000 103,100,000 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 revenue311,590,000 312,505,000 275,894,000 290,423,000 260,102,000 236,567,000 235,876,000 221,280,000 191,430,000 173,824,000 187,971,000 213,803,000 229,651,000 174,928,000                     
  other revenue2,494,000 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 revenues426,738,000 443,263,000 385,716,000 396,362,000 359,457,000 341,394,000 348,868,000 330,301,000 296,203,000 281,040,000 295,493,000 325,176,000 335,572,000 257,249,000                     
  operating costs and expenses:                                  
  costs of sales156,697,000 223,364,000 175,832,000 144,586,000 146,513,000 153,687,000 141,621,000 147,756,000 110,467,000 115,877,000 123,321,000 145,208,000 152,714,000 120,275,000                     
  operating expenses68,045,000 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 taxes6,559,000 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 expenses24,244,000 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 expenses93,763,000 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 expenses349,283,000 423,983,000 362,046,000 323,488,000 302,869,000 315,293,000 292,731,000 291,901,000 258,750,000 253,775,000 250,481,000 279,375,000 294,961,000 238,184,000                     
  operating income77,455,000 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         
  yoy36.88% -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%             
  qoq301.74% -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 income2,732,000 785,000 530,000 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 affiliates58,705,000 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 income4,288,000 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 taxes81,743,000 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 expense7,327,000 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 interest74,416,000 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 partners50,771,000 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 stock23,645,000                                  
  net income attributable to holders of class a common stock, per share                                  
  basic0.33 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         
  diluted0.33 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                                  
  basic61,721 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   
  diluted62,228 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                                  
  basic0.33 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         
  diluted0.33 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                                  
  basic0.33 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         
  diluted0.33 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 **                                  
  basic61,721 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   
  diluted62,228 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:                                  
  basic61,721 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   
  diluted62,228 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   
  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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