Company data sheet · Kinetik
Kinetik: four lost years, and the economy wasn't the reason.
- Industry
- Natural Gas Transmission
- Headquarters
- United States
- Ticker
- KNTK (NYSE)
- Sources
- SEC filings (2017–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. Kinetik lost money every year from 2017 to 2020: $2.5 billion in all. 2021 was its first profit in five years: $0 billion.
- It outgrew its own economy many times over. Revenue rose from $0 billion in 2017 to $1.8 billion in 2025: 116.5 times as much. The US economy, counted the same way in money terms, grew about 53%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2017, a year the US economy grew 2.5%. When a company falls while its economy grows, look inside the company first.
- Leaders came and went. Kinetik filed 25 leadership changes since 2016, more than 76% of large transportation and utility companies (the median is 12). The day after each, its shares fell a median 0.6 points against its sector.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2017 | $0 billion | −$0 billion | |
| 2018 | $0.1 billion | −$0 billion | |
| 2019 | $0.1 billion | −$1.3 billion | |
| 2020 | $0.4 billion | −$1.2 billion | |
| 2021 | $0.7 billion | $0 billion | |
| 2022 | $1.2 billion | $0.3 billion | |
| 2023 | $1.3 billion | $0.3 billion | |
| 2024 | $1.5 billion | $0.1 billion | |
| 2025 | $1.8 billion | $0.2 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 63 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (32 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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