Kinetik Holdings Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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Mar 31, 2026 · Filed May 8, 2026
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INTANGIBLE ASSETS, NET
- INTANGIBLE ASSETS, NET
Intangible assets, net, are comprised of the following:
| March 31, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (In thousands) | Gross Amount | Accumulated Amortization | Net | Gross Amount | Accumulated Amortization | Net |
| Customer contracts | $1,241,858 | $(856,915) | $384,943 | $1,276,009 | $(862,508) | $413,501 |
| Right of way assets | 243,850 | (105,609) | $138,241 | 238,876 | (99,147) | $139,729 |
| Total | $1,485,708 | $(962,524) | $523,184 | $1,514,885 | $(961,655) | $553,230 |
As of March 31, 2026, the remaining customer contract amortization terms range from eight months tosixteen years with weighted average amortization periods of approximately seven years and the right-of-way assets remaining amortization terms range from four months tothirteen years with weighted average amortization periods of approximately seven years. The overall remaining weighted average amortization period for the intangible assets as of March 31, 2026 was approximately seven years.
The Company recorded $36.5 million and $30.6 million of amortization expense for the three months ended March 31, 2026 and 2025, respectively. There wasno impairment recognized on intangible assets for the three months ended March 31, 2026 and 2025.
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