Kinetik Holdings Inc. (KNTK) Balance Sheet
KNTK balance sheet, 2025
December 31, 2025 · U.S. dollars$7.27B assets = $4.34B liabilities + $2.93B equity
Both columns are drawn to the same scale: what KNTK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KNTK financial health
Descriptive bands, not a rating. Fiscal 2025.
KNTK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $45,7342016 | $7.27B2025 | +278.4%/yr | |
| Total liabilities | $23,1102016 | $4.34B2025 | +285.5%/yr | |
| Shareholders’ equity | $22,6242016 | −$565.4M2025 | — | |
| Cash & short-term investments | $7,5002016 | $4.0M2025 | +100.6%/yr | |
| Total debt | $20,0002016 | $3.87B2025 | +286.7%/yr | |
| Net cash (debt) | −$12,5002016 | −$3.86B2025 | −$3.9B | |
| Working capital | −$15,6102016 | −$138.5M2025 | −$138.4M | |
| Book value per share | $0.002016 | −$9.022025 | — | |
| Current ratio | 0.322016 | 0.692025 | +0.36 | |
| Debt / equity | 0.882016 | 236,936.702021 | +236935.82 | |
| Shares outstanding | 47.2M2016 | 62.7M2025 | +3.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KNTK assets
KNTK liabilities and equity
KNTK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KNTK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.0M | $3.6M | $4.5M | $6.4M | $18.7M | $19.6M | $6.0M | $449.9M | $479,055 | $7,500 |
| Cash & equivalents | $4.0M | $3.6M | $4.5M | $6.4M | $18.7M | $19.6M | $6.0M | $449.9M | $479,055 | $7,500 |
| Short-term investments | — | — | $7.8M | $7.0M | — | — | — | — | $0 | — |
| Receivables | $250.5M | $111.9M | $215.7M | $204.0M | $178.1M | $89.6M | $20.7M | $10.9M | $5.4M | $0 |
| Inventory | $4.6M | $0 | $7.8M | $7.0M | $3.0M | $900,000 | $4.0M | $5.8M | $743,000 | $0 |
| Other current assets | $43.0M | $179.2M | $29.3M | $24.5M | $17.7M | $8.3M | $1.1M | $1.4M | $0 | $0 |
| Total current assets | $302.0M | $294.8M | $257.3M | $241.9M | $217.5M | $118.4M | $31.7M | $468.0M | $6.2M | $7,500 |
| Property, plant & equipment (net) | $3.94B | $3.46B | $2.78B | $2.56B | $1.90B | $1.93B | $205.8M | $1.23B | $699.6M | $0 |
| Goodwill & intangible assets | $558.3M | $657.6M | $596.7M | $700.5M | $786.0M | $921.8M | $2.04B | $0 | $0 | $0 |
| Long-term investments | $2.01B | $2.12B | $2.54B | $2.38B | $626.5M | $1.56B | $1.26B | $91.1M | $379.2M | $0 |
| Other non-current assets | $464.6M | $281.1M | $321.0M | $32.3M | $22.3M | $0 | $0 | $71.3M | $0 | $38,234 |
| Total assets | $7.27B | $6.81B | $6.50B | $5.92B | $3.55B | $3.60B | $1.50B | $1.86B | $705.8M | $45,734 |
| Liabilities | ||||||||||
| Accounts payable | $42.1M | $27.2M | $34.0M | $17.9M | $12.2M | $13.4M | $15.6M | $13.6M | $0 | — |
| Short-term debt | $208.8M | $158.9M | $29.2M | $22.8M | $86.1M | $83.1M | $12.4M | — | $0 | $20,000 |
| Deferred revenue | $5.7M | — | $6.5M | $6.6M | $135.6M | $64.9M | $74.4M | — | — | — |
| Total current liabilities | $440.5M | $418.6M | $250.1M | $227.8M | $240.9M | $167.0M | $33.7M | $98.5M | $124.5M | $23,110 |
| Long-term debt | $3.63B | $3.36B | $3.56B | $3.37B | $657.0M | $624.0M | $396.0M | $0 | $0 | $0 |
| Lease obligations | $72.6M | $30.2M | $38.6M | $28.8M | $61.7M | $0 | $2.6M | — | — | — |
| Other long-term liabilities | $272.4M | $53.3M | $56.9M | $50.7M | $1.65B | $1.77B | $168.7M | $32.0M | $25.2M | $0 |
| Total liabilities | $4.34B | $3.84B | $3.87B | $3.65B | $2.55B | $2.56B | $598.4M | $130.5M | $149.7M | $23,110 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $16,000 | $15,000 | $15,000 | $14,000 | $10,000 | $1.04B | $32,000 | $32,000 | $14,000 | $1,006 |
| Retained earnings (deficit) | −$806.1M | −$2.98B | −$723.5M | −$958.6M | −$577.3M | −$391.0M | −$392.6M | −$213.7M | −$18.6M | −$2,376 |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | — | — | — | — | −$145,000 | −$266,000 | −$24.3M | $0 | — |
| Minority interest | $3.50B | $5.96B | $3.16B | $3.11B | — | — | — | — | $0 | — |
| Total shareholders' equity | −$565.4M | −$2.98B | −$530.8M | −$839.8M | $10,000 | $1.04B | −$353.1M | −$213.7M | $556.0M | $22,624 |
| Key figures | ||||||||||
| Total debt | $3.87B | $3.53B | $3.60B | $3.40B | $2.37B | $2.45B | $409.4M | — | $0 | $20,000 |
| Net cash (debt) | −$3.86B | −$3.53B | −$3.60B | −$3.39B | −$2.35B | −$2.43B | −$403.4M | — | $479,055 | −$12,500 |
| Working capital | −$138.5M | −$123.8M | $7.2M | $14.0M | −$23.4M | −$48.6M | −$2.0M | $369.5M | −$118.3M | −$15,610 |
| Tangible book value | −$1.12B | −$3.63B | −$1.13B | −$1.54B | −$786.0M | $119.9M | −$2.40B | −$213.7M | $556.0M | $22,624 |
| Book value per share | −$9.02 | −$49.52 | −$10.24 | −$20.30 | $0.00 | $27.56 | −$4.71 | −$5.65 | $11.79 | $0.00 |
| Shares outstanding | 62.7M | 60.1M | 51.8M | 41.4M | 37.8M | 37.8M | 74.9M | 37.8M | 47.2M | 47.2M |
| Current ratio | 0.69 | 0.70 | 1.03 | 1.06 | 0.90 | 0.71 | 0.94 | 4.75 | 0.05 | 0.32 |
| Quick ratio | 0.58 | 0.28 | 0.88 | 0.92 | 0.82 | 0.65 | 0.79 | 4.68 | 0.05 | 0.32 |
| Debt / equity | — | — | — | — | 236,936.70 | 2.36 | — | — | 0.00 | 0.88 |
| Equity / assets | −7.8% | −43.7% | −8.2% | −14.2% | 0.0% | 28.9% | −23.5% | −11.5% | 78.8% | 49.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.8M | $720,000 | $4.0M | $7.7M | $10.7M | $8.8M | $3.6M | $20.4M | $12.5M | $9.8M | $4.5M | $68,000 |
| Cash & equivalents | $7.8M | $720,000 | $4.0M | $7.7M | $10.7M | $8.8M | $3.6M | $20.4M | $12.5M | $9.8M | $4.5M | $68,000 |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $7.8M | — |
| Receivables | $285.9M | $279.8M | $250.5M | $256.0M | $62.9M | $122.5M | $111.9M | $215.6M | $94.4M | $209.9M | $215.7M | $230.6M |
| Inventory | $0 | $0 | $4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $10.3M | $7.8M | $21.6M |
| Other current assets | $0 | $38.3M | $43.0M | $51.4M | $239.0M | $183.6M | $179.2M | $49.8M | $192.3M | $27.4M | $29.3M | $36.2M |
| Total current assets | $68.8M | $318.8M | $302.0M | $315.1M | $312.6M | $315.0M | $294.8M | $285.9M | $299.3M | $257.3M | $257.3M | $288.5M |
| Property, plant & equipment (net) | $3.99B | $3.95B | $3.94B | $3.89B | $3.81B | $3.68B | $3.46B | $3.26B | $3.24B | $2.77B | $2.78B | $2.77B |
| Goodwill & intangible assets | $498.6M | $528.3M | $558.3M | $589.7M | $612.8M | $638.9M | $657.6M | $883.2M | $951.7M | $567.9M | $596.7M | $625.9M |
| Long-term investments | $1.99B | $1.99B | $2.01B | $2.09B | $2.11B | $2.11B | $2.12B | $2.14B | $2.08B | $2.53B | $2.54B | $2.52B |
| Other non-current assets | $654.5M | $324.0M | $464.6M | $320.4M | $308.9M | $288.6M | $281.1M | $284.4M | $293.1M | $321.6M | $321.0M | $83.9M |
| Total assets | $7.20B | $7.11B | $7.27B | $7.20B | $7.15B | $7.03B | $6.81B | $6.86B | $6.86B | $6.45B | $6.50B | $6.29B |
| Liabilities | ||||||||||||
| Accounts payable | $48.6M | $28.7M | $42.1M | $31.6M | $36.6M | $38.7M | $27.2M | $17.2M | $44.5M | $16.5M | $34.0M | $17.6M |
| Short-term debt | $260.5M | $227.1M | $208.8M | $223.1M | $231.8M | $164.6M | $158.9M | $175.5M | $181.8M | $25.0M | $29.2M | $33.4M |
| Deferred revenue | — | — | $5.7M | $5.8M | $5.8M | — | — | $6.2M | $6.5M | $170.1M | $177.4M | $188.1M |
| Total current liabilities | $512.4M | $537.1M | $440.5M | $504.3M | $501.8M | $475.3M | $418.6M | $398.7M | $398.9M | $234.0M | $250.1M | $251.1M |
| Long-term debt | $3.70B | $3.64B | $3.63B | $3.96B | $3.74B | $3.57B | $3.36B | $3.28B | $3.26B | $3.52B | $3.56B | $3.61B |
| Lease obligations | $51.5M | $58.1M | $72.6M | $84.4M | $80.5M | $36.0M | $30.2M | $38.6M | $48.1M | $28.0M | $38.6M | $49.1M |
| Other long-term liabilities | $77.5M | $87.4M | $272.4M | $116.2M | $101.8M | $86.0M | $53.3M | $119.6M | $120.3M | $45.3M | $56.9M | $57.5M |
| Total liabilities | $4.29B | $4.27B | $4.34B | $4.58B | $4.34B | $4.13B | $3.84B | $3.80B | $3.78B | $3.80B | $3.87B | $3.92B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16,000 | $16,000 | $16,000 | $16,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
| Retained earnings (deficit) | −$1.68B | −$1.67B | −$806.1M | −$2.00B | −$1.78B | −$2.62B | −$2.98B | −$1.72B | −$1.21B | −$973.5M | −$723.5M | −$929.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $1,000 | — | — | — |
| Minority interest | $4.10B | $4.51B | $3.50B | $4.40B | $4.38B | — | — | — | — | — | — | — |
| Total shareholders' equity | −$1.19B | −$1.67B | −$565.4M | −$1.78B | −$1.57B | −$2.55B | −$2.98B | −$1.72B | −$1.21B | −$973.4M | −$530.8M | −$838.0M |
| Key figures | ||||||||||||
| Total debt | $3.98B | $3.89B | $3.87B | $4.22B | $4.01B | $3.75B | $3.53B | $3.47B | $3.46B | $3.55B | $3.60B | $3.66B |
| Net cash (debt) | −$3.97B | −$3.89B | −$3.86B | −$4.21B | −$4.00B | −$3.74B | −$3.53B | −$3.45B | −$3.44B | −$3.54B | −$3.60B | −$3.66B |
| Working capital | −$443.6M | −$218.3M | −$138.5M | −$189.3M | −$189.2M | −$160.3M | −$123.8M | −$112.8M | −$99.6M | $23.3M | $7.2M | $37.4M |
| Tangible book value | −$1.68B | −$2.20B | −$1.12B | −$2.37B | −$2.18B | −$3.19B | −$3.63B | −$2.60B | −$2.16B | −$1.54B | −$1.13B | −$1.46B |
| Book value per share | −$15.63 | −$25.03 | −$8.75 | −$28.44 | −$25.38 | −$41.80 | −$49.16 | −$28.48 | −$20.02 | −$16.67 | −$9.50 | −$15.67 |
| Shares outstanding | 75.8M | 66.7M | 64.6M | 62.4M | 61.7M | 61.0M | 60.6M | 60.4M | 60.3M | 58.4M | 55.9M | 53.5M |
| Current ratio | 0.13 | 0.59 | 0.69 | 0.62 | 0.62 | 0.66 | 0.70 | 0.72 | 0.75 | 1.10 | 1.03 | 1.15 |
| Quick ratio | 0.57 | 0.52 | 0.58 | 0.52 | 0.15 | 0.28 | 0.28 | 0.59 | 0.27 | 0.94 | 0.88 | 0.92 |
| Equity / assets | −16.5% | −23.5% | −7.8% | −24.7% | −21.9% | −36.3% | −43.7% | −25.1% | −17.6% | −15.1% | −8.2% | −13.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
KNTK financial position
At the end of fiscal 2025 (December 31, 2025), Kinetik had total assets of $7.3 billion (up 6.7% from a year earlier), total liabilities of $4.3 billion and shareholders' equity of -$565.4 million. It held $4.0 million in cash and short-term investments against $3.9 billion of debt, net debt of $3.9 billion. Its current ratio was 0.69. In the latest quarter (ended June 30, 2026) total assets were $7.2 billion and equity -$1.2 billion.
Related: KNTK income statement, KNTK cash flow statement, KNTK key metrics. See the KNTK stock overview for the latest quote and news.
KNTK balance sheet FAQ
What are Kinetik's total assets?
Kinetik reported total assets of $7.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.8 billion a year earlier.
How much debt does Kinetik have?
Kinetik had $3.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Kinetik have?
Kinetik held $4.0 million in cash and short-term investments at the end of fiscal 2025; with $3.9 billion of debt that is net debt of $3.9 billion.
What is Kinetik's book value?
Kinetik's shareholders' equity (book value) was -$565.4 million at the end of fiscal 2025, or −$9.02 per share.
What is Kinetik's current ratio?
Kinetik had current assets of $302.0 million and current liabilities of $440.5 million, a current ratio of 0.69 (current liabilities exceed current assets).
How much goodwill does Kinetik have?
Kinetik carried $558.3 million of goodwill and intangible assets, 7.7% of total assets, at the end of fiscal 2025.