Kinetik Holdings Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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ACCRUED EXPENSES
- ACCRUED EXPENSES
The following table provides the Company’s current accrued expenses on March 31, 2026 and December 31, 2025:
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| Accrued product purchases | $129,720 | $118,240 |
| Accrued taxes | 8,512 | 5,106 |
| Accrued salaries, vacation, and related benefits | 5,100 | 3,540 |
| Accrued capital expenditures | 20,789 | 15,309 |
| Accrued interest | 38,813 | 6,681 |
| Accrued other expenses | 24,637 | 23,174 |
| Total accrued expenses | $227,571 | $172,050 |
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, 2026 and December 31, 2025.
Accrued interest increased by $32.1 million, or over 400%, to $38.8 million as of March 31, 2026, compared to $6.7 million as of December 31, 2025. The increase was primarily due to payments of accrued interest on the 2028 Notes and 2030 Notes made in December 2025 pursuant to the loan agreements. The next interest payments on the 2028 Notes and 2030 Notes will be due in June 2026.
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