Kinetik Holdings (KNTK) Change in Receivables (2020 - 2024)
Kinetik Holdings (KNTK) recorded quarterly Change in Receivables of -$5.8 million in Q1 2024, up 60.66% quarter-over-quarter from -$14.9 million in Q4 2023, and down 16.67% on a YoY basis from -$7.0 million in Q2 2023.
Kinetik Holdings (KNTK) Change in Receivables (2020 - 2024) Analysis & Trends
Kinetik Holdings' Change in Receivables history runs 5 years deep, the most recent figure standing at -$5.8 million for Q1 2024.
- In Q1 2024, Change in Receivables fell 16.67% year-over-year to -$5.8 million; the TTM figure through Mar 2024 stood at $11.3 million (up 117.62% YoY), while the FY2023 annual figure was $12.1 million, up 45.65% from the prior year.
- Change in Receivables was -$5.8 million for Q1 2024 at Kinetik Holdings, up from -$14.9 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $69.4 million in Q1 2021 to a low of -$65.6 million in Q4 2022.
- Historically, Change in Receivables has averaged $6.9 million across 5 years, with a median of -$2.5 million in 2020.
- Biggest YoY gain for Change in Receivables was 68589.11% in 2021; the steepest drop was 547.07% in 2021.
- A 5-year view of Change in Receivables shows it stood at $6.7 million in 2020, then slumped by 547.07% to -$30.1 million in 2021, then tumbled by 117.8% to -$65.6 million in 2022, then jumped by 77.36% to -$14.9 million in 2023, then surged by 60.66% to -$5.8 million in 2024.
- The last three Change in Receivables figures came in at -$5.8 million (Q1 2024), -$14.9 million (Q4 2023), and $49.0 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | - |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | -131.00 Mn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | - |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -40.80 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 24.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 198.00 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 656.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | - |
| 10 | Kinetik Holdings | 3.00 Bn | 7.51 Bn | 221.25 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -5.84 Mn |
| Mar 31, 2024 | -5.84 Mn |
| Dec 31, 2023 | -14.85 Mn |
| Dec 31, 2023 | -14.85 Mn |
| Sep 30, 2023 | 49.04 Mn |
| Sep 30, 2023 | 49.04 Mn |
| Jun 30, 2023 | -17.05 Mn |
| Jun 30, 2023 | -17.05 Mn |
| Mar 31, 2023 | -5.01 Mn |
| Mar 31, 2023 | -5.01 Mn |
| Dec 31, 2022 | -65.60 Mn |
| Dec 31, 2022 | -65.60 Mn |
| Sep 30, 2022 | -26.58 Mn |
| Sep 30, 2022 | -26.58 Mn |
| Jun 30, 2022 | 33.07 Mn |
| Jun 30, 2022 | 33.07 Mn |
| Mar 31, 2022 | 67.45 Mn |
| Mar 31, 2022 | 67.45 Mn |
| Dec 31, 2021 | -30.12 Mn |
| Dec 31, 2021 | -30.12 Mn |