KNTK on NYSE

Kinetik Holdings Inc.

American natural gas transmission company based in Houston, active since 20182

In its 2026 annual report the company says: “We are an integrated midstream energy company in the Permian Basin providing comprehensive gathering, transportation, compression, processing and treating services. We have over 2.4 Bcf/d cryogenic natural gas processing capacity strategically located across Texas and New Mexico. In addition, we have equity interests in two long-term contracted pipelines transporting natural gas, NGLs, and crude oil from the Permian Basin to the U.S. Gulf Coast and Mexico markets.”84 Its shares trade on NYSE under the symbol KNTK.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.8BRevenue, fiscal 20253
$178.3MNet income, fiscal 20253

Compare with Archrock, Inc., Kodiak Gas Services, Inc. or DT Midstream, Inc., or pick any stock.

  • TickerKNTK on NYSE2
  • IndustryNatural Gas Transmission2
  • HeadquartersHouston, United States2
  • Incorporated inDE4
  • Business address2700 Post Oak Blvd., Suite 300, Houston, Tx 770564
  • Filer categoryLarge accelerated filer4
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI549300RD6AJIMYC0HY122
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CAPITOL SERVICES, INC., 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 69901192

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.3%Operating margin3
10.1%Net margin3
19.0%Revenue growth, 20253
$111.6MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Natural Gas, NGLs and Condensate Sales brought in 74% of the revenue Kinetik Holdings Inc. broke down this way in fiscal 2025.

  1. Natural Gas, NGLs and Condensate Sales$1.3B374%up 23% from 2024
  2. Gathering and Processing Services$445.5M325%up 9% from 2024
  3. Product and Service, Other$11.7M31%down 2% from 2024
  4. Minimum Volume Commitments$2.0M30%up 1900% from 2024
Products and services by year
Products and services202320242025
Natural Gas, NGLs and Condensate Sales$822.4M$1.1B$1.3B
Gathering and Processing Services$417.8M$408.0M$445.5M
Product and Service, Other$16.3M$11.9M$11.7M
Minimum Volume Commitments$1.6M$100.0K$2.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs87¢$1.5B
  • Income tax3¢$50.7M
  • Profit10¢$178.3M

Out of $1.8B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending57¢$492.5M
  • Dividends paid22¢$193.7M
  • Share buybacks20¢$176.0M

Out of $604.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue6789103$1.8B in 2025+2199% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $76.8M$76.8M20182019: $135.8M$135.8M2019+77%2020: $410.2M$410.2M2020+202%2021: $662.0M$662.0M2021+61%2022: $1.2B$1.2B2022+83%2023: $1.3B$1.3B2023+4%2024: $1.5B$1.5B2024+18%2025: $1.8B$1.8B2025+19%
Operating income6789103$164.9M in 2025
-$1.5B-$1.0B-$500.0M0$500.0M2018: -$12.2M-$12.2M20182019: -$1.3B-$1.3B2019+10404%2020: -$1.0B-$1.0B2020−21%2021: $53.5M$53.5M20212022: $150.5M$150.5M2022+181%2023: $159.3M$159.3M2023+6%2024: $179.2M$179.2M2024+13%2025: $164.9M$164.9M2025−8%
Net income6789103$178.3M in 2025
-$1.5B-$1.0B-$500.0M0$500.0M2018: -$239.0K-$239.0K20182019: -$1.3B-$1.3B2019+555431%2020: -$1.2B-$1.2B2020−13%2021: $1.5M$1.5M20212022: $250.7M$250.7M2022+16818%2023: $289.4M$289.4M2023+15%2024: $80.0M$80.0M2024−72%2025: $178.3M$178.3M2025+123%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.8B$1.5B$1.3B
Costs of sales (excluding depreciation and amortization expenses)$785.9M$620.6M$515.7M
Operating expenses$271.4M$196.0M$161.5M
Ad valorem taxes$28.9M$24.7M$21.6M
General and administrative expenses$130.6M$134.2M$97.9M
Depreciation and amortization expenses$382.6M$324.2M$281.0M
Loss on disposal of assets, net$8.0K$4.0M$19.4M
Total operating costs and expenses$1.6B$1.3B$1.1B
Operating income$164.9M$179.2M$159.3M
Interest and other income$4.0M$2.8M$2.0M
Loss on debt extinguishment-$635.0K-$525.0K-$1.9M
Gain on sale of equity method investment$415.4M$89.8M$0
Interest expense-$233.4M-$217.2M-$205.9M
Equity in earnings of unconsolidated affiliates$226.4M$213.2M$200.0M
Total other income (expense), net$411.7M$88.0M-$5.7M
Income before income taxes$576.7M$267.3M$153.5M
Income tax expense (benefit)$50.7M$23.0M-$232.9M
Net income including noncontrolling interest$525.9M$244.2M$386.5M
Net income attributable to Common Unit limited partners$347.7M$164.2M$97.0M
Net income attributable to holders of Class A Common Stock$178.3M$80.0M$289.4M
Basic (in USD per share)$2.66$1.03$5.25
Diluted (in USD per share)$2.63$1.02$2.52
Basic (in shares)62.0M shares59.3M shares51.8M shares
Diluted (in shares)62.7M shares60.1M shares146.2M shares

Compare Kinetik Holdings Inc. with another company

Corporate structure

Kinetik Holdings Inc. sits at the top of its group. 48 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Kinetik Holdings Inc.

  • Kinetik Holdings Inc. Houston, Texas, United States
    • ALTUS MIDSTREAM GATHERING LP Subsidiary · Delaware, United States
    • ALTUS MIDSTREAM NGL PIPELINE LP Subsidiary · Delaware, United States
    • ALTUS MIDSTREAM PIPELINE LP Subsidiary · Delaware, United States
    • ALTUS MIDSTREAM PROCESSING LP Subsidiary · Delaware, United States
    • ALTUS MIDSTREAM SUBSIDIARY GP LLC Subsidiary · Delaware, United States
    • BARILLA DRAW GATHERING, LLC Subsidiary · Delaware, United States
    • BCP MANAGEMENT SERVICES, LLC Subsidiary · Delaware, United States
    • BCP PHP, LLC Subsidiary · Delaware, United States
    • BCP RAPTOR HOLDCO GP, LLC Subsidiary · Delaware, United States
    • BCP RAPTOR HOLDCO, LP Subsidiary · Delaware, United States
    • BCP RAPTOR MIDCO, LLC Subsidiary · Delaware, United States
    • BCP RESIDUE PIPECO, LLC Subsidiary · Delaware, United States
    • BRANDYWINE NGL, LLC Subsidiary · Delaware, United States
    • CR FIELD SERVICES, LLC Subsidiary · Texas, United States
    • CR PERMIAN CRUDE, LLC Subsidiary · Texas, United States
    • CR PERMIAN HOLDINGS, LLC Subsidiary · Texas, United States
    • CR PERMIAN NATURAL GAS TRANSMISSION, LLC Subsidiary · Texas, United States
    • CR PERMIAN PROCESSING LLC Subsidiary · Texas, United States
    • DELAWARE LINK VENTURES HOLDINGS, LLC Subsidiary · Delaware, United States
    • DELAWARE LINK VENTURES, LLC Subsidiary · Delaware, United States
    • DURANGO PERMIAN LLC Subsidiary · Delaware, United States
    • EAGLECLAW MIDSTREAM VENTURES, LLC Subsidiary · Delaware, United States
    • EAGLECLAW TOYAH VENTURES HOLDINGS, LLC Subsidiary · Delaware, United States
    • EAGLECLAW TOYAH VENTURES, LLC Subsidiary · Delaware, United States
    • FFS FINANCIAL HOLDINGS, LLC Subsidiary · Delaware, United States
    • and 22 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Kinetik Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$1.0B3 Dec 31, 2025$813.4M3 Dec 31, 2024+28.9%
Property and equipment, net$3.9B3 Dec 31, 2025$3.4B3 Dec 31, 2024+12.6%
Operating-lease assets (leased space)$71.1M3 Dec 31, 2025$29.8M3 Dec 31, 2024+138.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.0M3 Dec 31, 2025$3.6M3 Dec 31, 2024+9.6%
Stakes in other companies (equity method)$2.0B3 Dec 31, 2025$2.1B3 Dec 31, 2024−5.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.1M3 Dec 31, 2025$5.1M3 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$553.2M3 Dec 31, 2025$652.5M3 Dec 31, 2024−15.2%
Finite-lived intangibles, gross$1.5B3 Dec 31, 2025$1.5B3 Dec 31, 2024+3.3%
Accumulated amortization$961.7M3 Dec 31, 2025$814.6M3 Dec 31, 2024+18.1%
Finite-lived intangibles, net$553.2M3 Dec 31, 2025$652.5M3 Dec 31, 2024−15.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.6M3 Dec 31, 2025$3.6M3 Dec 31, 2024+27.8%

Leadership

Who has led Kinetik Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (36)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ALTUS MIDSTREAM GATHERING LP Delaware5
  • ALTUS MIDSTREAM NGL PIPELINE LP Delaware5
  • ALTUS MIDSTREAM PIPELINE LP Delaware5
  • ALTUS MIDSTREAM PROCESSING LP Delaware5
  • ALTUS MIDSTREAM SUBSIDIARY GP LLC Delaware5
  • BARILLA DRAW GATHERING, LLC Delaware5
  • BCP MANAGEMENT SERVICES, LLC Delaware5
  • BCP PHP, LLC Delaware5
  • BCP RAPTOR HOLDCO GP, LLC Delaware5
  • BCP RAPTOR HOLDCO, LP Delaware5
  • BCP RAPTOR MIDCO, LLC Delaware5
  • BCP RESIDUE PIPECO, LLC Delaware5
  • BRANDYWINE NGL, LLC Delaware5
  • CR FIELD SERVICES, LLC Texas5
  • CR PERMIAN CRUDE, LLC Texas5
  • CR PERMIAN HOLDINGS, LLC Texas5
  • CR PERMIAN NATURAL GAS TRANSMISSION, LLC Texas5
  • CR PERMIAN PROCESSING LLC Texas5
  • DELAWARE LINK VENTURES HOLDINGS, LLC Delaware5
  • DELAWARE LINK VENTURES, LLC Delaware5
  • DURANGO PERMIAN LLC Delaware5
  • EAGLECLAW MIDSTREAM VENTURES, LLC Delaware5
  • EAGLECLAW TOYAH VENTURES HOLDINGS, LLC Delaware5
  • EAGLECLAW TOYAH VENTURES, LLC Delaware5
All 49 listed subsidiaries
  • FFS FINANCIAL HOLDINGS, LLC Delaware5
  • FRONTIER FIELD SERVICES, LLC Delaware5
  • KINETIK BARILLA, LLC Delaware5
  • KINETIK CRUDE MARKETING, LLC Delaware5
  • KINETIK EC HOLDCO, LLC Delaware5
  • KINETIK GAS GATHERING, LLC Delaware5
  • KINETIK HOLDINGS GP LLC Delaware5
  • KINETIK HOLDINGS INC. Delaware5
  • KINETIK HOLDINGS LP Delaware5
  • KINETIK INTRASTATE VENTURES, LLC Delaware5
  • KINETIK MARKETING, LLC Delaware5
  • KINETIK NGL, LLC Delaware5
  • KINETIK NM GAS GATHERING, LLC Delaware5
  • KINETIK POWER, LLC Delaware5
  • KINETIK PROCUREMENT COMPANY, LLC Delaware5
  • KINETIK RECEIVABLES, LLC Delaware5
  • PERMIAN GAS, LLC Delaware5
  • PEXALOOSA, LLC Delaware5
  • PINNACLE MIDSTREAM, LLC Delaware5
  • PINNACLE TRANSPECOS MIDSTREAM GAS, LLC Delaware5
  • PINNACLE TRANSPECOS MIDSTREAM, LLC Delaware5
  • PINNACLE TRANSPECOS PROCESSING, LLC Delaware5
  • PINNACLE TRANSPECOS STABILIZATION, LLC Delaware5
  • RC PERMIAN GATHERING, LLC Delaware5
  • SIERRA GRANDE CONNECTOR, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Altus Midstream CoSep 21, 2018 to Feb 22, 20224
  • Kayne Anderson Acquisition CorpJan 26, 2017 to Nov 13, 20184

Timeline

  1. Aug 6, 20268-K Results of operations56
  2. Jun 25, 20268-K Executive or director change; Regulation FD disclosure57
  3. May 20, 20268-K Shareholder vote58
  4. May 7, 20268-K Results of operations59
  5. Apr 3, 20268-K Entered a material agreement; New debt or obligation60
  6. Feb 26, 20268-K Results of operations61
  7. Nov 6, 20258-K Results of operations62
  8. Sep 5, 20258-K Entered a material agreement; Regulation FD disclosure63
  9. Aug 7, 20258-K Results of operations64
  10. Jul 1, 20258-K Executive or director change65
  11. Jun 3, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation66
  12. May 21, 20258-K Shareholder vote67
  13. Jan 24, 2019New chief executive D. Clay Bretches becomes CEO17
  14. Nov 19, 2018New chief executive Brian W. Freed becomes CEO18
  15. Aug 3, 2018Founded Kinetik Holdings Inc. is founded2
  16. Mar 29, 2017New chief executive Robert S. Purgason becomes CEO19

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.23 a share, on Nov 5, 2025.68

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results56
  2. May 7, 2026Reported quarterly or annual results59
  3. Feb 26, 2026Reported quarterly or annual results61
  4. Nov 6, 2025Reported quarterly or annual results62
  5. Aug 7, 2025Reported quarterly or annual results64
  6. May 7, 2025Reported quarterly or annual results69
  7. Feb 27, 2025Reported quarterly or annual results70
  8. Nov 6, 2024Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

520 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 65 major events, 245 insider forms, 54 large holders, 135 other. The latest 20:

  1. Oct 15, 2026SCHEDULE 13D/A EDGAR
  2. Oct 15, 20264 EDGAR
  3. Oct 13, 2026144 EDGAR
  4. Oct 13, 20264 EDGAR
  5. Oct 13, 2026144 EDGAR
  6. Oct 9, 2026144 EDGAR
  7. Oct 8, 2026144 EDGAR
  8. Oct 7, 20264 EDGAR
  9. Oct 7, 2026144 EDGAR
  10. Oct 6, 2026144 EDGAR
  11. Oct 5, 2026144 EDGAR
  12. Sep 24, 2026SD EDGAR
  13. Sep 24, 20264 EDGAR
  14. Sep 23, 2026144 EDGAR
  15. Sep 22, 2026144 EDGAR
  16. Sep 21, 2026SCHEDULE 13D/A EDGAR
  17. Sep 21, 20264 EDGAR
  18. Sep 21, 2026144 EDGAR
  19. Sep 18, 2026144 EDGAR
  20. Sep 17, 2026144 EDGAR

The 520 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

81 open-market trades by officers, directors and large owners since October 2021: 15 buys and 66 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 23, 2026I Squared Capital, LLC10% ownerSale24,194$53.55$1.3MForm 4
Sep 22, 2026I Squared Capital, LLC10% ownerSale39,937$53.72$2.1MForm 4
Sep 21, 2026Wahba Sadek10% ownerSale21,511$53.59$1.2MForm 4
Sep 18, 2026Wahba Sadek10% ownerSale135,084$54.25$7.3MForm 4
Sep 17, 2026Wahba Sadek10% ownerSale108,977$53.84$5.9MForm 4
Sep 16, 2026ISQ Global Fund II GP LLC10% ownerSale8,772$55.06$483.0KForm 4
Sep 15, 2026ISQ Global Fund II GP LLC10% ownerSale4,686$55.11$258.2KForm 4
Sep 14, 2026ISQ Global Fund II GP LLC10% ownerSale1,025$55.15$56.5KForm 4
Sep 10, 2026ISQ Holdings, LLC10% ownerSale5,840$55.39$323.5KForm 4
Sep 9, 2026ISQ Holdings, LLC10% ownerSale4,585$55.19$253.0KForm 4
Sep 8, 2026ISQ Holdings, LLC10% ownerSale58,383$55.14$3.2MForm 4
Sep 1, 2026Wahba Sadek10% ownerSale45,428$55.06$2.5MForm 4
Aug 26, 2026ISQ Holdings, LLC10% ownerSale76,260$55.28$4.2MForm 4
Aug 21, 2026I Squared Capital, LLC10% ownerSale6,963$55.17$384.1KForm 4
Aug 20, 2026ISQ Holdings, LLC10% ownerSale3,107$55.07$171.1KForm 4
Aug 18, 2026ISQ Holdings, LLC10% ownerSale64,898$54.32$3.5MForm 4
Aug 17, 2026ISQ Global Fund II GP LLC10% ownerSale135,102$52.78$7.1MForm 4
Aug 14, 2026SUGG LAURA ADirectorSale61,180$52.25$3.2MForm 4
Aug 14, 2026ISQ Global Fund II GP LLC10% ownerSale112,160$53.48$6.0MForm 4
Aug 13, 2026ISQ Global Fund II GP LLC10% ownerSale113,075$51.60$5.8MForm 4

All 81 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jamie WelchPresident and Chief Executive Officer$276.9K$6.2M83
2025R. Todd CarpenterGeneral Counsel and Chief Compliance Officer$83.1K$3.4M83
2025Anne PsencikChief Strategy Officer$216.0K$2.9M83
2025Matthew WallExecutive Vice President and Chief Operating Officer$353.4K$2.3M83
2025Steven StellatoExecutive Vice President, Chief Administrative Officer and Chief Accounting Officer$336.5K$2.1M83
2025Trevor HowardSenior Vice President and Chief Financial Officer$332.3K$1.8M83
2025Lindsay EllisGeneral Counsel, Chief Compliance Officer and Corporate Secretary$298.6K$1.2M83
2024Jamie WelchPresident and Chief Executive Officer$720.0K$7.2M83
2024Steven StellatoExecutive Vice President, Chief Administrative Officer and Chief Accounting Officer$445.0K$2.4M83
2024Matthew WallExecutive Vice President and Chief Operating Officer$460.0K$2.4M83
2024Anne PsencikChief Strategy Officer$432.0K$2.3M83
2024R. Todd CarpenterGeneral Counsel and Chief Compliance Officer$432.0K$2.3M83
2023Jamie WelchPresident and Chief Executive Officer$676.0K$2.3M83
2023Anne PsencikChief Strategy Officer$416.0K$2.0M83
2023R. Todd CarpenterGeneral Counsel and Chief Compliance Officer$416.0K$2.0M83
2023Steven StellatoExecutive Vice President, Chief Administrative Officer and Chief Accounting Officer$416.0K$2.0M83
2023Matthew WallExecutive Vice President and Chief Operating Officer$416.0K$1.7M83

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Blackstone Inc.11,918,786$576.2M1.9%No change
BlackRock, Inc.8,595,744$415.5M0.0%+1,585,075
Goldman Sachs Group Inc4,260,188$205.9M0.0%+369,079
Vanguard Portfolio Management LLC3,242,907$156.8M0.0%+389,926
Vanguard Capital Management LLC2,408,767$116.4M0.0%+292,381
State Street Corp1,998,756$96.6M0.0%+286,476
Citadel Advisors LLC1,835,829$88.7M0.1%+129,095
Invesco Ltd.1,834,178$88.7M0.0%+33,380
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT1,752,000$84.7M3.8%−122,000
Clearbridge Investments, LLC1,419,099$68.6M0.1%+21,170
Geode Capital Management, LLC1,327,945$64.2M0.0%+217,218
Neuberger Berman Group LLC1,256,175$60.8M0.0%−788,063
Principal Financial Group Inc1,188,389$57.4M0.0%+168,232
UBS Group AG1,155,740$55.9M0.0%−708,943
Yaupon Capital Management LP1,002,184$48.4M1.6%New
Bank Of America Corp /de/1,001,272$48.4M0.0%+145,602
Barclays PLC978,263$47.3M0.0%+596,506
Zimmer Partners, LP838,050$40.5M1.0%+704,900
Nomura Asset Management International Inc.824,217$39.8M0.1%−25,753
RR Advisors, LLC797,999$38.6M11.2%+220,063
Dimensional Fund Advisors LP723,002$35.0M0.0%+35,449
Advisors Capital Management, LLC689,811$33.3M0.4%+23,827
Citigroup Inc658,818$31.8M0.0%+115,290
Ameriprise Financial Inc651,900$31.5M0.0%+79,969
Westwood Holdings Group Inc630,237$30.5M0.2%+24,325

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Kinetik Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKinetik Holdings Inc.1
  • CIK0001692787
  • Employer ID (EIN)81-467594784
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company84
  • Incorporated inDelaware84
  • Fiscal year endsDecember 311
  • Industry code (SIC)4922 Natural Gas Transmission1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2700 Post Oak Blvd., Suite 300, Houston, TX 770561
  • Phone713-621-73301
  • Shares outstanding64,590,736 Common Class A shares; 97,557,604 Common Class C shares as of Feb 20, 202684
  • Public float$2.0B as of Jun 30, 202584
  • AuditorKPMG LLP, Houston, Texas PCAOB ID 185; it also attests to the company’s internal control over financial reporting84
  • On EDGAR sinceJan 26, 20171
  • Filings787 in all: 4 (262), 8-K (109), 144 (62), 3 (51), 10-Q (29), SC 13D/A (28), SC 13G/A (28), DEFA14A (23)1
    All 53 form types

    5 (22), SC 13G (20), CORRESP (16), UPLOAD (14), 10-K (9), IRANNOTICE (9), SCHEDULE 13D/A (9), 424B3 (8), DEF 14A (8), 4/A (6), SCHEDULE 13G/A (6), PRER14A (5), SC 13D (5), 11-K (4), ARS (4), EFFECT (4), 8-A12B (3), 8-K/A (3), S-3 (3), 10-K/A (2), 25-NSE (2), 424B7 (2), CERT (2), DEFM14A (2), PRE 14A (2), PREM14A (2), S-1/A (2), S-3/A (2), S-3ASR (2), S-8 (2), 144/A (1), 15-12G (1), 25 (1), 3/A (1), 424B4 (1), CERTNAS (1), CT ORDER (1), DRS (1), DRS/A (1), DRSLTR (1), S-1 (1), S-3D (1), S-3DPOS (1), SCHEDULE 13G (1), SD (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 8, 2026
    Latest 8-K (8-K) Aug 6, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, $0.0001 par valueKNTKNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).84

Risk factors and legal proceedings

The risks Kinetik Holdings Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 36 risks under these headings, as written.84

  • Business and Operational Risks
  • The majority of the Company’s operating assets are currently located in the Permian Basin, making it vulnerable to risks associated with operating in a single geographic area.
  • Because of the natural decline in production from existing wells, the Company’s success depends, in part, on its ability to maintain or increase throughput volumes on its midstream systems, which depends on its customers’ levels of development and completion activity on its dedicated acreage.
  • The acquisition or divestiture of businesses and assets is part of our strategy. We may experience difficulties completing acquisitions or divestitures or integrating new businesses and properties, and we may be unable to achieve the benefits we expect from the completed and any future acquisitions or divestitures.
  • The Company owns interests in certain pipeline projects and other joint ventures, and it may in the future enter into additional joint ventures, and the Company’s control of such entities is limited by provisions of the limited partnership and limited liability company agreements of such entities and by the Company’s percentage ownership in such entities.
  • If the third-party pipelines interconnected, or at some future point expected to be interconnected, to the Company’s pipelines become unavailable to transport or store crude oil, NGLs or natural gas, or if our cost of transporting on such third-party pipelines changes, the Company’s revenue and available cash could be adversely affected.
  • The third parties on whom the Company relies for transportation services from its processing facilities are subject to complex federal, state, and other laws that could adversely affect our financial condition and results of operations.
  • The Company’s customers may suspend, reduce or terminate their obligations under the Company’s commercial agreements with them in certain circumstances, which could have a material adverse effect on the Company’s financial condition, results of operations and cash flows.
  • Increased competition from other companies that provide midstream services, or from alternative fuel sources, could have a negative impact on the demand for the Company’s services, which could materially and adversely affect its financial results.
  • The Company’s exposure to commodity price risk may change over time and the Company cannot guarantee the terms of any existing or future agreements for its midstream services with its customers.
  • The use of derivative financial instruments could result in material financial losses for the Company.
  • The Company’s construction of new midstream assets may not be completed on schedule, at the budgeted cost or at all, may not operate as designed or at the expected levels, may not result in revenue increases and may be subject to new or additional regulatory, environmental, political, contractual, legal and economic risks, all of which could materially and adversely affect its cash flows, results of operations and financial condition.
The other 25 risks
  • The Company’s business involves many hazards and operational risks, some of which may not be fully covered by insurance. The occurrence of a significant accident or other event that is not fully insured could curtail its operations and materially and adversely affect its cash flows.
  • A shortage of equipment and skilled labor could reduce equipment availability and labor productivity and increase labor and equipment costs, which could materially and adversely affect the Company’s business and results of operations.
  • Environmental and Regulatory Risks Related to the Company
  • The Company operates in a highly regulated environment and its business and profitability could be adversely affected by actions by governmental entities, changes to current laws or regulations, or a failure to comply with laws or regulations.
  • Our future tax liability may be greater than expected if we are unable to fully utilize our net operating loss (“NOL”) carryforwards due to existing or additional limitations, we do not generate expected deductions, or tax authorities successfully challenge certain of our tax positions.
  • Changes to applicable tax laws and regulations or exposure to additional income tax liabilities could adversely affect our operating results and cash flows.
  • Rate regulation, challenges by shippers to the rates the Company charges on its pipelines or changes in the jurisdictional characterization of some of the Company’s assets by federal, state or local regulatory agencies or a change in policy by those agencies may result in increased regulation of its assets, which may cause its operating expenses to increase, limit the rates it charges for certain services and decrease the amount of cash flows.
  • Federal and state legislative and regulatory initiatives relating to pipeline safety, which are often subject to change, may result in more stringent regulations or enforcement and could subject the Company to increased operational costs, increased capital costs and potential operational delays.
  • Increased regulation of hydraulic fracturing could result in reductions or delays in crude oil and natural gas production by the Company’s customers, which could reduce the throughput on its gathering and other midstream systems, which could adversely impact its revenues.
  • Adoption of new or more stringent legal standards relating to induced seismic activity associated with produced-water disposal could affect the Company’s operations.
  • The Company may incur significant liability under, or costs and expenditures to comply with, health, safety and environmental laws and regulations, which are complex and subject to frequent change.
  • Legislation, executive orders and regulatory initiatives relating to climate change could have a material adverse effect on our business, demand for our services, financial condition, results of operations and cash flows, while potential physical effects of climate change could disrupt the Company’s operations, cause damage to its pipelines and other facilities and cause it to incur significant costs in preparing for or responding to those effects.
  • Increased attention to sustainability-related matters and conservation measures may adversely impact the Company’s business.
  • Risks Related to Ownership of Our Common Stock
  • Entities controlled by Blackstone and I Squared Capital are parties to the amended and restated stockholders agreement granting certain director designation rights and owning a majority of the Company’s outstanding voting shares and thus strongly influence all of the Company’s corporate actions.
  • Potential future sales pursuant to registration rights granted by the Company and under Rule 144 may depress the market price for our shares of Class A Common Stock.
  • The Company’s ability to return capital to stockholders through dividends and stock repurchases depends on its ability to generate sufficient cash flows, which it may not be able to accomplish.
  • The Company’s charter designates the Court of Chancery as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by its stockholders, which could limit its stockholders’ ability to obtain a favorable judicial forum for disputes with the Company or its directors, officers, employees or agents.
  • If the Company fails to maintain an effective system of internal controls, it may not be able to report accurately its financial results or prevent fraud. As a result, current and potential holders of the Company’s equity could lose confidence in its financial reporting, which would harm its business and cost of capital.
  • If the performance of the Company does not meet the expectations of investors, stockholders or financial analysts, the market price of the Company’s securities may decline.
  • We cannot guarantee that our stock repurchase program will enhance long-term stockholder value.
  • General Risks
  • Continuing or worsening inflationary issues and associated changes in monetary policy have resulted in and may result in additional increases to the cost of the Company’s services and personnel, which in turn cause the Company’s capital expenditures and operating costs to rise.
  • Our business and results of operations may be adversely affected by uncertainty and changes in U.S. trade policies, including tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments.
  • The Company’s operations could be disrupted by natural or human causes beyond its control.
  • Cybersecurity breaches of our IT systems could result in information theft, data corruption, operational disruption and/or financial loss.
  • Changes in management’s estimates and assumptions may have a material impact on the Company’s Consolidated Financial Statements and financial or operational performance in any given period.

Legal proceedings

For further information regarding legal proceedings, see Note 17—Commitments and Contingencies in the Notes to Consolidated Financial Statements set forth in Part IV, Item 15 of this Annual Report.

The opening of Item 3, Legal Proceedings.84

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