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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NET INCOME PER SHARE
- NET INCOME PER SHARE
The computation of basic and diluted net income or loss per share for the periods presented in the Condensed Consolidated Financial Statements is shown in the tables below:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands, except per share amounts) | ||
| Net (loss) income attributable to Class A common shareholders | $(1,667) | $6,130 |
| Less: Net income available to participating unvested restricted Class A common shareholders(1) | (3,182) | (3,362) |
| Total net (loss) income attributable to Class A common shareholders | $(4,849) | $2,768 |
| Weighted average shares outstanding - basic | 65,910 | 60,162 |
| Dilutive effect of unvested Class A common shares(2) | 774 | 839 |
| Weighted average shares outstanding - diluted(3) | 66,684 | 61,001 |
| Net (loss) income available per common share - basic | $(0.07) | $0.05 |
| Net (loss) income available per common share - diluted | $(0.07) | $0.05 |
(1)Represents dividends paid to unvested Class A and Class C Shares, RSUs and PSUs.
(2)Includes dilutive effect from both RSUs and PSUs on unvested Class A common shares.
(3)The effect of an assumed exchange of outstanding Common Units (and the cancellation of a corresponding number of shares of outstanding Class C Common Stock) would have been anti-dilutive for all periods presented in which the Common Units were outstanding.
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