Name | Value |
---|---|
Revenues | 385.3M |
Cost of Revenue | 271.9M |
Gross Profit | 113.4M |
Operating Expense | 25.3M |
Operating I/L | 88.1M |
Other Income/Expense | 30.1M |
Interest Income | 0.3M |
Pretax | 118.2M |
Income Tax Expense | 9.2M |
Net Income/Loss | 37.2M |
Kinetik Holdings Inc. is a midstream company operating in the Texas Delaware Basin, offering gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water production. The company generates revenue by providing essential infrastructure and services to companies involved in the production of these resources, facilitating their transportation and processing to end markets. Kinetik Holdings Inc. plays a crucial role in the midstream sector by enabling the efficient and safe movement of energy and water resources, contributing to the overall value chain of the industry.