KNTK (Kinetik Holdings) Debt-to-Revenue : 2.19 (As of Sep. 2024)

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What is Kinetik Holdings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Kinetik Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $175 Mil. Kinetik Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,293 Mil. Kinetik Holdings's annualized Revenue for the quarter that ended in Sep. 2024 was $1,585 Mil. Kinetik Holdings's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 was 2.19.

Kinetik Holdings Debt-to-Revenue Historical Data

The historical data trend for Kinetik Holdings's Debt-to-Revenue 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.

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Kinetik Holdings Debt-to-Revenue Chart

Kinetik Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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5.84

3.58

2.80

2.87

Kinetik Holdings Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Revenue	Get a 7-Day Free Trial														2.77	2.58	2.60	2.40	2.19

Competitive Comparison of Kinetik Holdings's Debt-to-Revenue

For the Oil & Gas Midstream subindustry, Kinetik Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kinetik Holdings's Debt-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinetik Holdings's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Kinetik Holdings's Debt-to-Revenue falls into.

Kinetik Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Kinetik Holdings's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(29.203	+	3572.158)	/	1256.412
	=	2.87

Kinetik Holdings's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(175.483	+	3292.836)	/	1585.448
	=	2.19

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2024) Revenue data.

Kinetik Holdings Debt-to-Revenue Related Terms

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Kinetik Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinetik Holdings Inc (NYSE:KNTK) » Definitions » Debt-to-Revenue

Comparable Companies

VNOM HESM DHT NS TNK GLNG INSW LPG GEL HEP TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

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

Matthew Wall	officer: Executive Vice President, COO	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Todd Carpenter	officer: See Remarks	2001 BRYAN STREET, SUITE 3700, DALLAS TX 75201
Trevor Howard	officer: See Remark	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Apache Corp	10 percent owner	2000 POST OAK BLVD, STE 100, HOUSTON TX 77056-4400
Anne Psencik	officer: Chief Strategy Officer	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Jamie Welch	director, officer: See Remarks	3738 OAK LAWN AVE., DALLAS TX 75219
Steven Stellato	officer: See Remarks	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Jesse Krynak	director	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Ronald Schweizer	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
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
Isq Holdings, Llc	10 percent owner	600 BRICKELL AVENUE, PENTHOUSE, MIAMI FL 33131-3067