KNTKKinetik Holdings Inc.
Natural Gas Transmission
- Revenue
- $1.8B
- 19% YoY
- Operating margin
- 9.3%
- 23% YoY
- EBITDA
- $548M
- 8.8% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 7.0×
- $3.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear115% of net incomeCash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear61% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $662M | $1.2B | $1.3B | $1.5B | $1.8B | 19% |
| Operating income | $53M | $150M | $159M | $179M | $165M | 8.0% |
| Net income | $99M | $251M | $386M | $244M | $526M | 115% |
| Operating cash flow | $236M | $613M | $584M | $637M | $604M | 5.2% |
| Capex | $78M | $206M | $313M | $264M | $492M | 87% |
| Stock-based comp | $0 | $43M | $56M | $77M | $63M | 18% |
| Buybacks | $0 | $0 | $6M | $0 | $176M | |
| Dividends | $0 | $39M | $81M | $175M | $194M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $153M · 21
- Net
- −$153M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | −$58M | 206 | 347 |
| FY2024 | $7M | $95M | 303 | 337 |
| FY2023 | — | — | 165 | 224 |
| FY2022 | $344K | $707K | 164 | 188 |
| FY2021 | $2M | $4M | 143 | 145 |