Kinetik Holdings Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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LEASE
- LEASES
Components of lease costs are included in the Condensed Consolidated Statements of Operations as “general and administrative expense” for real-estate leases and “operating expenses” for non-real estate leases. Total operating lease costs were $15.2 million and $10.6 million for the three months ended September 30, 2025 and 2024, respectively, and $40.3 million and $28.0 million for the nine months ended September 30, 2025 and 2024, respectively. Short-term lease costs were $1.1 million and $1.2 million for the three months ended September 30, 2025 and 2024, respectively, and $2.4 million and $7.7 million for the nine months ended September 30, 2025 and 2024, respectively. Variable lease cost was immaterial for the three and nine months ended September 30, 2025 and 2024.
The following table presents other supplemental lease information:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In thousands) | ||||
| Operating cash flows from operating leases | $14,819 | $10,635 | $39,534 | $28,377 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $17,003 | $437 | $34,735 | $42,974 |
| Weighted-average remaining lease term — operating leases (in years) | 2.24 | 1.77 | 2.24 | 1.77 |
| Weighted-average discount rate — operating leases | 6.10% | 7.25% | 6.10% | 7.25% |
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