Filing Flows › Kinetik Holdings (KNTK) › Q1 2025
Kinetik Holdings (KNTK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Kinetik Holdings (KNTK) reported revenue of $443M for the first quarter 2025 (Q1 2025), +30% from a year earlier and +15% from the quarter before. Operating margin was 4.3%, net earnings $6.1M (1.4% of revenue).
Kinetik Holdings, Q1 2025: revenue $443M (+30% year over year), operating margin 4.3%, net earnings $6.1M, operating cash flow $177M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $443M | +15% | +30% |
| Operating profit | $19.3M | -19% | -26% |
| Net earnings | $6.1M | — | -97% |
| Operating cash flow | $177M | +23% | +15% |
| Free cash flow | $102M | +182% | +7% |
What changed
Revenue was $443.3M in Q1 2025, up 30% year over year and up 15% from the previous quarter. Product revenue was the largest line at 71% of revenue. Product revenue added $75.9M year over year (up 32%), 75% of the total change.
Operating profit was $19.3M, a 4.3% margin (down 3.3 points year over year). Operating profit fell $6.8M even though revenue rose $101.9M versus a year earlier, so costs grew faster than sales. Total costs grew 34% against revenue growth of 30%. The fastest-growing cost line was Cost of revenue (+45%). Net earnings were $6.1M, down 97% year over year. The effective tax rate was 11.8%.
Operating cash flow was $176.8M (up 15% year over year), 918% of net income including minority interests. Non-cash charges added back $92.7M of depreciation and amortization and $20.7M of share-based compensation. Working capital and other items added $44.2M. Capital expenditures of $74.5M left free cash flow of $102.3M.
Questions
What was Kinetik Holdings' revenue in the first quarter 2025?
Kinetik Holdings (KNTK) reported revenue of $443M for the first quarter 2025 (Q1 2025), +30% from a year earlier and +15% from the quarter before.
Was Kinetik Holdings profitable in the first quarter 2025?
Operating profit was $19.3M (4.3% of revenue) and net earnings $6.1M.
Source: Kinetik Holdings 10-Q on SEC EDGAR.