Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Kinetik Holdings Inc. (KNTK) had Return on Tangible Equity of -34.27% for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$1.26B
Net Income	$272.04M
Cost of Goods Sold	$677.24M
Gross Profit	$579.17M
Operating Expenses	$1.10B
Operating Income	$159.25M
Non-Operating Income/Expense	$-5.71M
Pre-Tax Income	$153.54M
Normalized Pre-Tax Income	$153.54M
Income after Taxes	$386.45M
Income from Continuous Operations	$386.45M
Consolidated Net Income/Loss	$386.45M
Normalized Income after Taxes	$386.45M
EBIT	$159.25M
EBITDA	$453.05M
Weighted-Average Shares Outstanding (Basic)	51.82M
Weighted-Average Shares Outstanding (Diluted)	146.20M
Earnings per Share (EPS) (Basic)	$5.25
Earnings per Share (EPS) (Diluted)	$2.52
Balance Sheet Financials
Current Assets	$257.30M
Property, Plant, and Equipment	$2.74B
Long-Term Assets	$6.24B
Total Assets	$6.50B
Current Liabilities	$250.14M
Long-Term Debt	$3.59B
Long-Term Liabilities	$6.78B
Total Liabilities	$7.03B
Common Equity	$-530.82M
Tangible Shareholders Equity	$-1.13B
Shareholders Equity	$-530.82M
Common Shares Outstanding	151.19M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$584.48M
Cash Flow from Investing Activities	$-686.32M
Cash Flow from Financial Activities	$99.96M
Beginning Cash	$6.39M
End Cash	$4.51M
Increase/Decrease in Cash	$-1.88M
Stock-Based Compensation	$55.98M
Common Stock Dividends Paid	$-82.05M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.03
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	1.17
Debt to Equity Ratio	-6.76
Gross Margin	46.10%
Operating Margin	12.68%
EBIT Margin	12.68%
EBITDA Margin	36.06%
Pre-Tax Profit Margin	12.22%
Profit Margin	21.65%
Free Cash Flow	$271.98M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.19
Inventory Turnover	--
Receiveable Turnover	5.82
Days Sales in Receivables	62.67
Return on Equity	-72.80%
Return on Tangible Equity	-34.27%
Return on Assets	5.95%
Return on Investments	12.64%
Book Value Per Share	$-3.51
Free Cash Flow per Share	$1.86
Operating Cash Flow per Share	$4.00

Data from Zacks Investment Research, Inc.