Kinetik Holdings (Kinetik Holdings) Cash, Cash Equivalents, Marketable Securities : $5 Mil (As of Dec. 2023)

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What is Kinetik Holdings Cash, Cash Equivalents, Marketable Securities?

Kinetik Holdings's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($2.24 Mil) to Sep. 2023 ($0.07 Mil) but then increased from Sep. 2023 ($0.07 Mil) to Dec. 2023 ($4.51 Mil).

Kinetik Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($18.73 Mil) to Dec. 2022 ($6.39 Mil) and declined from Dec. 2022 ($6.39 Mil) to Dec. 2023 ($4.51 Mil).

Kinetik Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Kinetik Holdings's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kinetik Holdings Cash, Cash Equivalents, Marketable Securities Chart

Kinetik Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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50.31

19.59

18.73

6.39

4.51

Kinetik Holdings Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											6.39	1.98	2.24	0.07	4.51

Kinetik Holdings Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Kinetik Holdings (NYSE:KNTK) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Kinetik Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Kinetik Holdings (Kinetik Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinetik Holdings Inc (NYSE:KNTK) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

2700 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056-4400

Website

https://www.kinetik.com

Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.

Executives

Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Jamie Welch	director, officer: See Remarks	3738 OAK LAWN AVE., DALLAS TX 75219
Apache Corp	10 percent owner	2000 POST OAK BLVD, STE 100, HOUSTON TX 77056-4400
Trevor Howard	officer: See Remark	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Todd Carpenter	officer: See Remarks	2001 BRYAN STREET, SUITE 3700, DALLAS TX 75201
Matthew Wall	officer: Executive Vice President, COO	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Steven Stellato	officer: See Remarks	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Anne Psencik	officer: Chief Strategy Officer	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Jesse Krynak	director	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Deborah L Byers	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Ronald Schweizer	director	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Raptor Aggregator L.p.	10 percent owner	345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
I Squared Capital, Llc	10 percent owner	600 BRICKELL AVENUE, PENTHOUSE, MIAMI FL 33131-3067
John-paul Munfa	director	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154