Kinetik Holdings (KNTK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kinetik Holdings

NYSE•Energy•Oil & Gas Midstream

$53.84-0.86(-0.02%)Pre-market

Market Cap

$4.02B

P/E

7.3x

P/S

2.1x

Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It offers gathering, compression, processing, stabilization, treating, and storage services; transportation services through pipelines; and water gathering and disposal services for companies that produce natural gas, natural gas liquids (NGL), and crude oil. The company also sells condensates, natural gas residue, and NGLs. Kinetik Holdings Inc. was founded in 2017 and is headquartered in Midland, Texas.

How this company scores

WeakMetricSide Score: 58/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability15/25

Growth20/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality15/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthConsistent growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.3x5y range 3.0x – 22.0x

Currently near its 20-quarter median.

P/S · 2.1x5y range 1.1x – 4.5x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 20.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.02B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.89B
Q. Revenue: $581.44M
TTM EBITDA: $599.70M
TTM Op. Income: $198.32M
Q. Op. Income: $133.98M
TTM Net Income: $550.24M
Q. Net Income: $123.11M
EPS: $0.65
Shares Out.: $75.14M

$1.89B in TTM revenue grew 14.1% YoY, reaching $581.44M last quarter. TTM EBITDA of $599.70M and TTM operating income of $198.32M show growth is flowing through to the bottom line. TTM net income of $550.24M means revenue is converting into profit. Over the past year, TTM revenue is up 14% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 40.8%
Op. Margin: 23.0%
Net Margin: 21.2%

Op. margin of 23.0% is up 4.9% YoY — cost efficiency is improving. Net margin at 21.2% Over the past year, operating margin is up 27% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.3x
P/S Ratio: 2.1x
P/B Ratio: N/A

At 7.3x P/E, the stock trades below typical market levels. P/S of 2.1x and P/B of 0.0x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.20B
Cash: $7.83M
Long-Term Debt: $3.72B
Book Value: $-1.19B
D/E Ratio: N/A
Debt/EBITDA: 15.7

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $161.09M
TTM Free Cash Flow: $156.84M
FCF Margin: 8.3%
FCF / Net Income: 0.3

TTM FCF of $156.84M on $161.09M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 47% — an improving trend.