All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
4 warning events since 2017; the latest 2022-10-11.
From the record
Kinetik Holdings Inc.'s filings since 2017 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2022-10-11); an auditor change (8-K item 4.01, 2 times, the latest 2022-02-28) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+33.9% a year over 6 filed years; profitable in 5 of 6.
From the record
Kinetik Holdings Inc.'s 6 filed years say what it did: revenue went from $410 million in fiscal 2020 to $1.8 billion in fiscal 2025, up 33.9% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 5 of 6 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 14.6% a year. 35% of cash flow returned. Insiders: 7 sales, 1 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Kinetik Holdings Inc.'s diluted share count grew about 14.6% a year, and dividends and buybacks returned about 35% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 1 purchase of their own stock on the open market in the year to 2026-11-03, buying about $277 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 108%: owes 108¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Kinetik Holdings Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 108 cents per dollar of assets, and net share issuance: its share count grew 4.2% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 33% of 16 in its family; net margin 29.8%.
From the record
Kinetik Holdings Inc.'s standing among 16 graded names in its industry family: revenue of $1.8 billion in fiscal 2025 ranks in the top 50% by size; a net margin of 29.8% ranks in the top 28%; revenue growth of 13.3% a year over the last 3 filed years ranks in the top 22% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 1.1/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Kinetik Holdings Inc.'s leadership is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 12% of 13 in its family; the record of its people begins on 2022-02-22 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 35% of 16 in its family for room to expand.
From the record
Kinetik Holdings Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4 million against debt of $3.7 billion leaves -51.4% of its assets as net cash, bottom 41% of its family; cash from operations less capital spending is 6.3% of revenue (bottom 30%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 43% of 16 in its family for growth drivers.
From the record
Kinetik Holdings Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13.3% a year over the last three filed years against 33.9% over all 6, slowing (bottom 16% of its family); the newest year grew 19% (top 28%); capital spending grew 33.7% a year (top 17%) (its annual reports). Kinetik Holdings Inc. reported 4 product lines in fiscal 2025: Natural Gas NG Ls and Condensate Sales at $1.3 billion (74%), Gathering and Processing Services at $445 million (25%), Product and Service Other at $12 million (1%), and 1 more; 3 of 4 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 26% of 15 in its family for expectations against reality.
From the record
Kinetik Holdings Inc.'s newest year against its own record: revenue of $1.8 billion in fiscal 2025 came in 7.6% above the $1.6 billion its prior three years' pace pointed to (top 43% of its family); net income of $526 million against a prior three-year average of $294 million (top 17%); a net margin of 29.8% against 22.6% before (top 17%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made