Filing Flows › Kinetik Holdings (KNTK) › Q3 2025
Kinetik Holdings (KNTK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Kinetik Holdings (KNTK) reported revenue of $464M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +9% from the quarter before. Operating margin was 4.3%, net earnings $5.3M (1.1% of revenue).
Kinetik Holdings, Q3 2025: revenue $464M (+17% year over year), operating margin 4.3%, net earnings $5.3M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $464M | +9% | +17% |
| Operating profit | $19.8M | -74% | -73% |
| Net earnings | $5.3M | -78% | -80% |
| Operating cash flow | $188M | +46% | -12% |
| Free cash flow | $31.6M | 18× | -80% |
What changed
Revenue was $464.0M in Q3 2025, up 17% year over year and up 9% from the previous quarter. Product revenue was the largest line at 77% of revenue. Product revenue added $67.2M year over year (up 23%), 99% of the total change.
Operating profit was $19.8M, a 4.3% margin (down 14.1 points year over year). Operating profit fell $53.1M even though revenue rose $67.6M versus a year earlier, so costs grew faster than sales. Total costs grew 37% against revenue growth of 17%. The fastest-growing cost line was Cost of revenue (+63%). Net earnings were $5.3M, down 80% year over year. The effective tax rate was 6.7%.
Operating cash flow was $188.1M (down 12% year over year), 1210% of net income including minority interests. Non-cash charges added back $95.4M of depreciation and amortization and $14.2M of share-based compensation. Working capital and other items added $63.0M. Capital expenditures of $156.5M left free cash flow of $31.6M.
Questions
What was Kinetik Holdings' revenue in the third quarter 2025?
Kinetik Holdings (KNTK) reported revenue of $464M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +9% from the quarter before.
Was Kinetik Holdings profitable in the third quarter 2025?
Operating profit was $19.8M (4.3% of revenue) and net earnings $5.3M.
Source: Kinetik Holdings 10-Q on SEC EDGAR.