Filing Flows › Kinetik Holdings (KNTK) › Q4 2025
Kinetik Holdings (KNTK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Kinetik Holdings (KNTK) reported revenue of $430M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and -7% from the quarter before. Operating margin was 11.2%, net earnings $143M (33.3% of revenue).
Kinetik Holdings, Q4 2025: revenue $430M (+12% year over year), operating margin 11.2%, net earnings $143M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $430M | -7% | +12% |
| Operating profit | $48.4M | +145% | +104% |
| Net earnings | $143M | 27× | 26× |
| Operating cash flow | $110M | -41% | -24% |
What changed
Revenue was $430.4M in Q4 2025, up 12% year over year and down 7% from the previous quarter. Product revenue was the largest line at 76% of revenue.
Operating profit was $48.4M, a 11.2% margin (up 5.1 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 6% margin then. Total costs grew 6% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $143.2M, up 2500% year over year. The effective tax rate was 8.7%. Non-operating items added $408.0M, 89% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $110.1M (down 24% year over year), 26% of net income including minority interests. Non-cash charges added back $100.8M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items used $425.5M. Capital expenditures of $134.1M exceeded it, leaving free cash flow of −$24.0M.
Questions
What was Kinetik Holdings' revenue in the fourth quarter 2025?
Kinetik Holdings (KNTK) reported revenue of $430M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and -7% from the quarter before.
Was Kinetik Holdings profitable in the fourth quarter 2025?
Operating profit was $48.4M (11.2% of revenue) and net earnings $143M.
Source: Kinetik Holdings 10-K on SEC EDGAR.