Filing Flows › Kinetik Holdings (KNTK) › Q1 2026
Kinetik Holdings (KNTK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Kinetik Holdings (KNTK) reported revenue of $410M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -5% from the quarter before. Operating margin was -0.9%, net loss $5.1M (1.3% of revenue).
Kinetik Holdings, Q1 2026: revenue $410M (-8% year over year), operating margin -0.9%, net loss $5.1M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $410M | -5% | -8% |
| Operating profit | −$3.8M | -108% | -120% |
| Net earnings | −$5.1M | -104% | -184% |
| Operating cash flow | $180M | +64% | +2% |
| Free cash flow | $97.4M | — | -5% |
What changed
Revenue was $410.0M in Q1 2026, down 8% year over year and down 5% from the previous quarter. Product revenue was the largest line at 76% of revenue. Service revenue lost $34.2M year over year (down 27%), 103% of the total change.
Operating costs exceeded revenue by $3.8M, an operating margin of -0.9%. Total costs fell 2% while revenue fell 8%. The fastest-growing cost line was General & admin (+18%). The quarter ended with a net loss of $5.1M, after a profit of $416.7M the previous quarter. Minority interests bore $3.5M of it: to shareholders the quarter was a loss of $1.7M.
Operating cash flow was $180.4M (up 2% year over year). Non-cash charges added back $101.8M of depreciation and amortization and $20.7M of share-based compensation. Working capital and other items added $63.1M. Capital expenditures of $83.0M left free cash flow of $97.4M.
Questions
What was Kinetik Holdings' revenue in the first quarter 2026?
Kinetik Holdings (KNTK) reported revenue of $410M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -5% from the quarter before.
Was Kinetik Holdings profitable in the first quarter 2026?
Operating loss was $3.8M (-0.9% of revenue) and net loss $5.1M.
Source: Kinetik Holdings 10-Q on SEC EDGAR.