Kinetik Holdings Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
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ACCRUED EXPENSES
- ACCRUED EXPENSES
The following table provides detail of the Company’s current accrued expenses on March 31, 2024 and December 31, 2023:
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Accrued product purchases | $100,087 | $109,172 |
| Accrued taxes | 6,528 | 632 |
| Accrued salaries, vacation, and related benefits | 3,848 | 1,872 |
| Accrued capital expenditures | 8,371 | 18,534 |
| Accrued interest | 35,746 | 33,760 |
| Accrued other expenses | 15,495 | 13,451 |
| Total accrued expenses | $170,075 | $177,421 |
Accrued product purchases mainly accrue the liabilities related to producer payments and any additional business-related miscellaneous fees we owe to third parties, such as transport or capacity fees as of March 31, 2024.
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