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KNTK Price Correlated With Financials For Kinetik Holdings

Free historical financial statements for Kinetik Holdings Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 18 quarters since 2018. Compare with KNTK stock chart to see long term trends.

KNTK Stock Compared to Quarterly

KNTK Income Statement

Revenue, Net:335572000
Revenue Per Share:8.5394
Cost of Goods & Services Sold:152714000
Selling, General & Admin Expense:25960000
Total Operating Expenses:294961000
Operating Income:131610000
Income Taxes:162000
Net Income:131448000
Earnings Per Share, Basic:0.06
Shares Outstanding, Basic Avg:39297000

KNTK Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:66581000
Change in Accounts Receiveable:33065000
Net Cash from Operations:170525000
Net Cash from Operations Per Share:4.3394
Issuance of Long-term Debt:3000000000
Cash Dividends Paid:28536000
Net Cash from Financing Activities:-133185000
Property, Plant & Equipment Purchases:42195000
Net Cash from Investing Activities:-49667000
Net Change in Cash & Equivalents:-12327000

KNTK Balance Sheet

Cash and Cash Equivalents:5319000
Inventories:13000000
Total Current Assets:341763000
Property, Plant & Equipment, Net:2481072000
Total Assets:5996348000
Accounts Payable:10907000
Total Short-Term Liabilities:305957000
Total Liabilities:3363050000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Welch Jamie   Chief Executive Officer, President, Chief Financial Officer
24,750 sh at $37
$905,850
Buy
Welch Jamie   Chief Executive Officer, President, Chief Financial Officer
1,100 sh at $39
$42,383
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Neuberger Berman Group LLC
1,903,688 sh
1,196,461 sh
169%
$64,992
$19,015
Blackstone Group Inc
1,412,176 sh
1,412,176 sh
NEW
$48,212
$48,212
Blackrock Inc.
1,346,769 sh
1,040,264 sh
339%
$45,978
$26,053
Aventail Capital Group, LP
1,208,817 sh
307,767 sh
34%
$41,269
-$17,308
Vanguard Group Inc
1,126,901 sh
760,640 sh
208%
$38,473
$14,661
Kayne Anderson Capital Advisors Lp
601,266 sh
273,433 sh
83%
$20,527
-$785
Tortoise Capital Advisors, L.L.C.
583,649 sh
284,210 sh
95%
$19,926
$459
Geode Capital Management, LLC
326,096 sh
190,689 sh
141%
$11,132
$2,330
State Street Corp
283,869 sh
212,273 sh
296%
$9,691
$5,037
Jennison Associates LLC
272,809 sh
272,809 sh
NEW
$9,314
$9,314
Citadel Advisors LLC
265,180 sh
158,509 sh
149%
$9,054
$2,119
Salient Capital Advisors, LLC
231,508 sh
82,271 sh
55%
$7,904
-$1,798
Mirae Asset Global Investments Co., Ltd.
208,375 sh
208,375 sh
NEW
$7,114
$7,114
Two Sigma Advisers, Lp
196,600 sh
165,500 sh
532%
$6,712
$4,690
Great Mountain Partners LLC
175,000 sh
175,000 sh
NEW
$11,949
$11,949
Barnett & Company, Inc.
152,492 sh
152,492 sh
NEW
$5,206
$5,206
Marshall Wace, Llp
150,130 sh
114,298 sh
319%
$5,127
$2,799
Morgan Stanley
149,313 sh
117,458 sh
369%
$5,099
$3,028
Two Sigma Investments, Lp
131,231 sh
110,640 sh
537%
$4,480
$3,141
Pinnacle Holdings, LLC
105,691 sh
53,315 sh
102%
$3,608,291
$203,327
COMPANY PROFILE
Note 1—Description of Organization and Business
Operations

Organization and General

Kayne Anderson Acquisition Corp. (the “Company”) was
incorporated in Delaware on December 12, 2016. The Company was
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses (the
“Initial Business Combination”). The Company’s
focus is to search for a target business in the energy industry.
The Company is an “emerging growth company,” as defined
in Section 2(a) of the Securities Act of 1933, as amended, or
the “Securities Act,” as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”).

On April 4, 2017, the Company closed its initial public
offering (“Public Offering”) (See Note 3). The
Company will not generate any operating revenues until after
completion of its Initial Business Combination, at the earliest.
The Company generates non-operating income in the form of interest
income on cash and cash equivalents from the proceeds derived from
the Public Offering. The Company has selected December 31 as
its fiscal year end.

Sponsor

The Company’s sponsor is Kayne Anderson Sponsor, LLC, a
Delaware limited liability company (the “Sponsor”).

The Trust Account

The proceeds from the Company’s Public Offering, held in the
trust account with American Stock Transfer & Trust
Company, LLC acting as trustee (the “Trust Account”)
are invested in money market funds that meet certain conditions
under Rule 2a-7 under the Investment Company Act of 1940, as
amended (the “Investment Company Act”) and that invest
only in direct U.S. government obligations. Funds will remain in
the Trust Account until the earlier of (i) the consummation of
the Initial Business Combination or (ii) the distribution of
the Trust Account proceeds as described below. The remaining
proceeds outside the Trust Account may be used to pay for business,
legal and accounting due diligence on prospective acquisitions and
continuing general and administrative expenses.

The Company’s amended and restated certificate of
incorporation provides that, other than the withdrawal of interest
to pay taxes, if any, none of the funds held in the Trust Account
will be released until the earlier of: (i) the completion of
the Initial Business Combination; (ii) the redemption of any
shares of Class A Common Stock included in the units (the
“Public Shares”) sold in the Public Offering that have
been properly tendered in connection with a stockholder vote to
amend the Company’s certificate of incorporation to modify
the substance or timing of its obligation to redeem 100% of such
shares of Class A Common Stock if it does not complete the
Initial Business Combination within 24 months from the closing
of the Public Offering; and (iii) the redemption of 100% of
the shares of Class A Common Stock included in the Units sold
in the Public Offering if the Company is unable to complete an
Initial Business Combination within 24 months from the closing
of the Public Offering (subject to the requirements of law). The
proceeds deposited in the Trust Account could become subject to the
claims of the Company’s creditors, if any, which could have
priority over the claims of the Company’s public
stockholders.

Initial Business Combination

The Company’s management has broad discretion with respect to
the specific application of the net proceeds of the Public
Offering, although substantially all of the net proceeds of the
Public Offering are intended to be generally applied toward
consummating an Initial Business Combination. The Initial Business
Combination must occur with one or more target businesses that
together have an aggregate fair market value of at least 80% of the
assets held in the Trust Account (excluding the deferred
underwriting commissions and taxes payable on income earned on the
Trust Account) at the time

Data imported from Kinetik Holdings Inc. SEC filings. Check original filings before making any investment decision.