Filing Flows › Kinetik Holdings (KNTK) › Q3 2026 › vs Q2 2026
Kinetik Holdings (KNTK) Q3 2026 vs Q2 2026 (quarter over quarter)
Kinetik Holdings's revenue fell $12.0M (-2%) from $581M in Q2 2026 to $569M in Q3 2026. The biggest changes: Product and Service −$13.2M (-2%); Other revenue +$1.2M (+31%). Operating margin 11.2% against 23.0% (-11.8 pts).
Kinetik Holdings, Q3 2026: revenue $569M (+23% year over year), operating margin 11.2%, net earnings $22.1M, operating cash flow $273M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.2% | 23.0% | -11.8 pts |
| Net margin | 3.9% | 8.5% | -4.6 pts |
| Free cash flow margin | 24.5% | 8.9% | +15.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product revenue | $448M | $491M | −$42.9M | -9% |
| Service revenue | $117M | $86.9M | $29.7M | +34% |
| Product and Service | $564M | $578M | −$13.2M | -2% |
| Other revenue | $4.9M | $3.7M | $1.2M | +31% |
| Revenue | $569M | $581M | −$12.0M | -2% |
| Operating profit | $63.7M | $134M | −$70.2M | -52% |
| Costs & expenses | $506M | $447M | $58.2M | +13% |
| Pre-tax earnings | $56.4M | $138M | −$81.1M | -59% |
| Other expense, net | $7.3M | −$3.6M | $10.8M | — |
| Cost of revenue | $300M | $238M | $62.7M | +26% |
| General & admin | $22.4M | $26.3M | −$3.9M | -15% |
| Other operating costs | $183M | $184M | −$656K | -0.4% |
| Net earnings | $22.1M | $49.5M | −$27.5M | -55% |
| Minority interests | $28.8M | $73.6M | −$44.7M | -61% |
| Income tax | $5.5M | $14.4M | −$8.9M | -62% |
| Depreciation & amortization | $104M | $103M | $472K | +0.5% |
| Share-based compensation | $9.3M | $9.1M | $200K | +2% |
| Working capital & other | $138M | −$881K | $139M | — |
| Operating cash flow | $273M | $161M | $112M | +69% |
| Free cash flow (OCF − capex) | $139M | $51.9M | $87.5M | +169% |
| Capital expenditures | $134M | $109M | $24.3M | +22% |
Questions
How much did Kinetik Holdings's revenue grow quarter over quarter in Q3 2026?
Kinetik Holdings's revenue fell $12.0M (-2%) from $581M in Q2 2026 to $569M in Q3 2026.
What drove Kinetik Holdings's revenue change in Q3 2026?
Product and Service −$13.2M (-2%); Other revenue +$1.2M (+31%).