Kinetik Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 2024
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ACCRUED EXPENSES
- ACCRUED EXPENSES
The following table provides detail of the Company’s current accrued expenses on September 30, 2024 and December 31, 2023:
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Accrued product purchases | $97,635 | $109,172 |
| Accrued taxes | 20,270 | 632 |
| Accrued salaries, vacation, and related benefits | 5,349 | 1,872 |
| Accrued capital expenditures | 13,911 | 18,534 |
| Accrued interest | 34,070 | 33,760 |
| Accrued other expenses | 20,554 | 13,451 |
| Total accrued expenses | $191,789 | $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 September 30, 2024.
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