Natural Gas, Ngls & Condensate Sales was Kinetik Holdings’s largest product and service line in fiscal 2025, bringing in $1.31B of $1.76B (74%).
| Product and Service | FY 2017 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Natural Gas, Ngls & Condensate Sales | $806.35M | $822.41M | $1.06B | $1.31B | |||
| Gathering & Processing Services | $393.95M | $417.75M | $408.00M | $445.50M | |||
| Gas Processing | — | — | — | — | |||
| Other Revenue | $13.18M | $16.25M | $11.94M | $11.67M | |||
| Transmission | — | — | — | — | |||
| Gas Gathering & Compression | — | — | — | — | |||
| Minimum Volume Commitments | — | — | $100.00K | — | |||
| Total | $1.21B | $1.26B | $1.48B | $1.76B |
Kinetik Holdings brought in $1.76B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Kinetik Holdings regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $1.48B. Natural Gas, Ngls & Condensate Sales was the largest at $1.31B (74.1%), ahead of Gathering & Processing Services at $445.50M (25.2%) and Other Revenue at $11.67M (0.7%).
Compared with fiscal 2024, Natural Gas, Ngls & Condensate Sales grew 23.0% to $1.31B and Gathering & Processing Services grew 9.2% to $445.50M. From fiscal 2022 to 2025, combined revenue from these lines grew from $1.21B to $1.76B, a compound annual growth rate of 13.3%. Natural Gas, Ngls & Condensate Sales' share of the total rose from 66.4% to 74.1%.
Kinetik Holdings stopped reporting Minimum Volume Commitments as a separate line after fiscal 2024, when it brought in $100.00K.
Others was Kinetik Holdings’s largest revenue line in fiscal 2025, bringing in $674.06M of $1.76B (38%).
| Customer | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Others | $604.44M | $539.82M | $426.10M | $674.06M | ||
| Customer 2 | $211.09M | $233.11M | $348.77M | $329.09M | ||
| Customer 3 | $326.90M | $205.08M | $372.95M | $292.57M | ||
| Customer 1 | $71.06M | $278.41M | $335.11M | $468.67M | ||
| Customer 4 | — | — | — | — | ||
| Customer 5 | — | — | — | — | ||
| Total | $1.21B | $1.26B | $1.48B | $1.76B |
Kinetik Holdings brought in $1.76B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 19.0% from $1.48B in fiscal 2024. Others was the largest at $674.06M (38.2%), ahead of Customer 1 at $468.67M (26.6%) and Customer 2 at $329.09M (18.7%). The remaining revenue line, Customer 3, brought in $292.57M.
Compared with fiscal 2024, Others grew fastest, up 58.2% to $674.06M, while Customer 3 fell the most, down 21.6% to $292.57M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $1.21B to $1.76B, a compound annual growth rate of 13.3%. Others' share of the total fell from 49.8% to 38.2%.
Midstream Logistics was Kinetik Holdings’s largest segment in fiscal 2025, bringing in $1.75B of $1.75B (100%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Midstream Logistics | $1.21B | $1.25B | $1.47B | $1.75B | ||
| Pipeline Transportation | $1.84M | $8.44M | $35.48M | $25.21M | ||
| Elimination | — | -$1.68M | -$26.10M | -$25.21M | ||
| Total | $1.21B | $1.26B | $1.48B | $1.75B |
Kinetik Holdings brought in $1.75B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 18.3% from $1.48B in fiscal 2024. Midstream Logistics was the largest at $1.75B (100.0%), ahead of Pipeline Transportation at $25.21M (1.4%).
Kinetik Holdings began breaking out Elimination in fiscal 2023, when it brought in -$1.68M. The total is net of Elimination, which took $25.21M off revenue in fiscal 2025.
Kinetik Holdings (KNTK) reports its revenue by product and service, by customer and by segment. In fiscal 2025, Natural Gas, Ngls & Condensate Sales was its largest product and service line, bringing in $1.31B (74.1% of the total), followed by Gathering & Processing Services at $445.50M (25.2%).
Natural Gas, Ngls & Condensate Sales was Kinetik Holdings' largest product and service line in fiscal 2025, bringing in $1.31B, or 74.1% of the $1.76B total across its three product and service lines.
Others was Kinetik Holdings' largest revenue line in fiscal 2025, bringing in $674.06M, or 38.2% of the $1.76B total across its four revenue lines.
Midstream Logistics was Kinetik Holdings' largest segment in fiscal 2025, bringing in $1.75B, or 100.0% of the $1.75B total across its three segments.
Among Kinetik Holdings' revenue lines that make up at least 2% of revenue, Others grew fastest in fiscal 2025, up 58.2% from $426.10M to $674.06M.
Every figure comes from Kinetik Holdings' annual financial filings, as reported. Each line keeps the name Kinetik Holdings gives it, and years follow its fiscal calendar.
Kinetik Holdings' revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.