KNTK (Kinetik Holdings) Construction In Progress: $251 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KNTK Kinetik Holdings Inc KNTK
75 GF Score
Price $51.25
GF Value $46.11
Valuation Modestly Overvalued
! 14 Warning Signs
View Full Analysis

What is Kinetik Holdings Construction In Progress?

Kinetik Holdings KNTK +0.27% 75 Construction In Progress is $251 Mil as of Jun. 2026. GuruFocus rates KNTK with a GF Score™ of 75/100 and a GF Value™ of $46.11 (Modestly Overvalued). The stock has 14 warning signs investors should review.

Kinetik Holdings's quarterly construction in progress increased from Dec. 2025 ($105 Mil) to Mar. 2026 ($178 Mil) and increased from Mar. 2026 ($178 Mil) to Jun. 2026 ($251 Mil).

Kinetik Holdings's annual construction in progress increased from Dec. 2023 ($74 Mil) to Dec. 2024 ($215 Mil) but then declined from Dec. 2024 ($215 Mil) to Dec. 2025 ($105 Mil).

Kinetik Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for Kinetik Holdings's Construction In Progress 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.

Kinetik Holdings Construction In Progress Chart

Kinetik Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 24.89 70.33 74.37 215.17 105.22

Kinetik Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 381.69 181.27 105.22 178.37 250.54
KNTK
75GF Score
Kinetik Holdings Inc KNTK
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinetik Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $251 Mil mean?
Kinetik Holdings (KNTK) has a Construction In Progress of $251 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Kinetik Holdings and its competitors.
Is Kinetik Holdings' Construction In Progress too high?
Kinetik Holdings' current Construction In Progress is $251 Mil. Overall, Kinetik Holdings has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinetik Holdings' Construction In Progress compare to SUNC and STNG?
Kinetik Holdings' Construction In Progress of $251 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Kinetik Holdings and its competitors. Kinetik Holdings's current Construction In Progress is $251 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinetik Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kinetik Holdings (KNTK) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.11, compared to a current price of $51.25 — trading 11.1% above its estimated fair value. The current Construction In Progress is $251 Mil. Kinetik Holdings' overall GF Score™ is 75/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Kinetik Holdings (KNTK), the current Construction In Progress is $251 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kinetik Holdings (KNTK) Overvalued in 2026?

Based on GuruFocus' analysis, Kinetik Holdings stock appears to be overvalued. The current stock price of $51.25 is trading 11.1% above its estimated GF Value™ of $46.11. GuruFocus considers Kinetik Holdings to be Modestly Overvalued.

Key valuation signals for KNTK:

  • Construction In Progress: $251 Mil
  • GF Value™: $46.11 vs. price of $51.25 (11.1% above fair value)
  • GF Score™: 75/100 with 14 warning signs

No single metric tells the full story. See the KNTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kinetik Holdings Business Description

Industry EnergyOil & Gas
Address 2700 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056-4400
Kinetik Holdings Inc is a midstream operator that provides comprehensive gathering, transportation, compression, processing and treating services. Its activities also include NGL stabilization and transportation, produced water gathering and disposal, and crude oil gathering, stabilization, storage, and transportation. The company operates in two reportable segments: i) The Midstream Logistics segment operates under three service offerings: 1) gas gathering and processing, 2) crude oil gathering, stabilization, and storage services, and 3) produced water gathering and disposal. ii) The Pipeline Transportation segment consists of two EMI Pipelines originating in the Permian Basin with various access points to the U.S. Gulf Coast, Kinetik NGL Pipelines, and Delaware Link Pipeline.
75GF Score

Get the complete analysis for KNTK

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$51.25
Price
$46.11
GF Value