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Kinetik Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$139M in Q3 2026 · $265M over twelve months

Operating cash flow$273M
Capital spending−$134M
Free cash flow+$139M
Cash / net income5.4×

Analysis

In Q3 2026, Kinetik Holdings generated $273M of operating cash flow and spent $134M on capital projects, leaving free cash flow of $139M. That is $108M more than in Q3 2025 ($31.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $724M; the largest uses were capital spending ($460M), other financing ($299M), dividends ($227M); besides operations, cash came from other investing ($475M), asset & business sales ($216K); the cash balance fell by $713K.

Operating cash flow was $273M against net income of $50.9M — 5.4× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$152M, depreciation & amortization +$104M, payables −$21.0M.

Free cash flow

Kinetik Holdings: free cash flow by quarterKinetik Holdings: free cash flow by quarter$36.3MQ4 2024$102MQ1 2025$1.8MQ2 2025$31.6MQ3 2025−$24.0MQ4 2025$97.4MQ1 2026$51.9MQ2 2026$139MQ3 2026
Operating cash flow less capital spending.
Kinetik Holdings: operating cash flow against capital spendingKinetik Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$144M$108MQ4 2024$177M$74.5MQ1 2025$129M$127MQ2 2025$188M$157MQ3 2025$110M$134MQ4 2025$180M$83.0MQ1 2026$161M$109MQ2 2026$273M$134MQ3 2026
Latest (Q3 2026): Operating cash flow $273M, Capital spending $134M.

Capital allocation, year by year

Kinetik Holdings: where the cash came from (up) and went (down), by fiscal yearKinetik Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $236MFY2021: Net borrowing −$136MFY2021: Asset sales $3.6MFY2021: Capital spending −$82.7M$239MFY2021FY2022: Operating cash flow $613MFY2022: Net borrowing $392MFY2022: Asset sales $219KFY2022: Capital spending −$222MFY2022: Dividends −$39.3M$1.0BFY2022FY2023: Operating cash flow $584MFY2023: Net borrowing $199MFY2023: Asset sales $358KFY2023: Capital spending −$330MFY2023: Acquisitions −$125MFY2023: Buybacks −$5.8MFY2023: Dividends −$81.4M$784MFY2023FY2024: Operating cash flow $637MFY2024: Net borrowing −$63.8MFY2024: Asset sales $409KFY2024: Capital spending −$264MFY2024: Acquisitions −$341MFY2024: Dividends −$175M$638MFY2024FY2025: Operating cash flow $604MFY2025: Net borrowing $288MFY2025: Asset sales $227KFY2025: Capital spending −$492MFY2025: Acquisitions −$175MFY2025: Buybacks −$176MFY2025: Dividends −$194M$892MFY2025
Over these 5 years operating cash flow totalled $2.7B; the largest uses were capital spending ($1.4B) and acquisitions ($642M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.0M
Debt$3.7B
Net debt$3.7B
Due within a year$165M

Kinetik Holdings funds itself: free cash flow was $265M over the last twelve months, and $7.0M of cash and investments stands against $3.7B of debt ($165M due within a year, 0.0× covered by cash).

Kinetik Holdings: debt maturities by year (FY2025)Kinetik Holdings: debt maturities by year (FY2025)$165MYear 1$2.2BYear 3$1.5BYear 5
Principal due in each year as disclosed in the annual report, against $7.0M of cash and investments now.

Where the cash came from and went

Kinetik Holdings: sources (+) and uses (−) of cash, Q3 2026Kinetik Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$273MCapital spending−$134MOther financing−$67.6MDividends−$64.3MOther investing−$10.3MNet borrowing (+) / repaid (−)$2.0MCash drawn (+) / kept (−)$806KAsset & business sales$6K
Kinetik Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Kinetik Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$724MOther investing$475MCapital spending−$460MOther financing−$299MDividends−$227MNet borrowing (+) / repaid (−)−$212MBuybacks−$3.5MCash drawn (+) / kept (−)$713KAsset & business sales$216K

From profit to cash

Kinetik Holdings: net income to operating cash flow, Q3 2026Kinetik Holdings: net income to operating cash flow, Q3 2026Net income$50.9MDepreciation & amortization$104MStock-based pay$9.3MDeferred taxes$5.5MGains on disposals−$7KPayables−$21.0MAccrued liabilities$152MPrepaid and other assets−$2.6MOther liabilities$22KOperating cash flow$273M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$273M−$134M——−$64.3M$2.0M$806K$139M
Q2 2026$161M−$109M——−$59.9M$92.9M−$7.1M$51.9M
Q1 2026$180M−$83.0M——−$52.3M$36.9M$3.2M$97.4M
Q4 2025$110M−$134M—−$3.5M−$50.2M−$343M$3.8M−$24.0M
Q3 2025$188M−$157M$682K−$100M−$48.6M$207M$3.0M$31.6M
Q2 2025$129M−$127M——−$48.0M$1.2B−$1.9M$1.8M
Q1 2025$177M−$74.5M——−$47.0M$214M−$5.2M$102M
Q4 2024$144M−$108M$16.8M—−$46.8M−$126M$16.8M$36.3M

Kinetik Holdings: income statement and cash flow

Kinetik Holdings, Q3 2026: revenue $569M (+23% year over year), operating margin 11.2%. The chart follows the revenue to costs, profit and cash.

Kinetik Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.