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Kinetik Holdings (KNTK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Kinetik Holdings (KNTK) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $569M · 4¢ of every $1 of revenue kept as net profit · operating margin 11.2%
Kinetik Holdings made $569M in Q3 2026 (+23% Y/Y): Product and Service $564M, Other revenue $4.9M. Operating margin 11.2%, net earnings $22.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $569.4M in Q3 2026, up 23% year over year and down 2% from the previous quarter. Product revenue was the largest line at 79% of revenue. Product revenue added $90.3M year over year (up 25%), 86% of the total change.
Operating profit was $63.7M, a 11.2% margin (up 6.9 points year over year). Of the extra revenue versus Q3 2025, 42% reached operating profit, above the 4% margin then. Total costs grew 14% against revenue growth of 23%. The fastest-growing cost line was Cost of revenue (+28%). Net earnings were $22.1M, up 320% year over year. The effective tax rate was 9.8%.
Operating cash flow was $272.9M (up 45% year over year), 536% of net income including minority interests. Non-cash charges added back $103.8M of depreciation and amortization and $9.3M of share-based compensation. Working capital and other items added $108.8M. Capital expenditures of $133.5M left free cash flow of $139.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $569M | +23% | 11.2% | $22.1M | $273M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $581M | +36% | 23.0% | $49.5M | $161M |
| Q1 2026 | 10-Q | May 8, 2026 | $410M | -8% | -0.9% | −$5.1M | $180M |
| Q4 2025 | 10-K | Feb 26, 2026 | $430M | +12% | 11.2% | $143M | $110M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $464M | +17% | 4.3% | $5.3M | $188M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $427M | +19% | 18.2% | $23.6M | $129M |
| Q1 2025 | 10-Q | May 8, 2025 | $443M | +30% | 4.3% | $6.1M | $177M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Kinetik Holdings
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com .
In its own words, from its 8-K, filed Aug 6, 2026.
Kinetik Holdings against its Natural Gas Transmission peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +30%. Operating margin: 11.2% against the peers' median 19.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KNTK Kinetik Holdings | Q3 2026 | $569M | +23% | 11.2% |
| ET Energy Transfer LP | Q3 2026 | $37.1B | +86% | 7.5% |
| EPD Enterprise Products Partners L.P. | Q3 2026 | $17.9B | +49% | 11.1% |
| TRGP Targa Resources | Q3 2026 | $5.6B | +35% | 19.6% |
| KMI Kinder Morgan | Q3 2026 | $4.5B | +9% | 25.6% |
| Northwest Pipeline LLC | Q3 2026 | $3.2B | +10% | 35.2% |
| Western Midstream Operating, LP | Q2 2026 | $1.2B | +30% | 43.0% |
| WES Western Midstream Partners, LP | Q3 2026 | $1.2B | +25% | 38.6% |
| NGL NGL Energy Partners LP | Q2 FY27 | $987M | +46% | 2.4% |
Source: Kinetik Holdings 10-Q on SEC EDGAR · CIK 1692787 · Natural Gas Transmission
Guidance and outlook
13F: who owns KNTK and who is buying
More on KNTK
- How Kinetik Holdings makes money: revenue by segment
- Kinetik Holdings next earnings date and what analysts expect
- Kinetik Holdings stock forecast, price target and fair value
- Who owns Kinetik Holdings stock: holders, funds and Congress trades
- Kinetik Holdings guidance and outlook
- Is Kinetik Holdings a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Kinetik Holdings guidance history: guided vs reported
- Kinetik Holdings operating margin by quarter
- Kinetik Holdings net income by quarter
- Kinetik Holdings free cash flow by quarter
- Kinetik Holdings capital expenditures by quarter
- Kinetik Holdings Product and Service revenue by quarter
- Kinetik Holdings Other revenue revenue by quarter