Kinetik Holdings Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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Jun 30, 2026 · Filed Aug 6, 2026
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INTANGIBLE ASSETS, NET
- INTANGIBLE ASSETS, NET
Intangible assets, net, are comprised of the following:
| June 30, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (In thousands) | Gross Amount | Accumulated Amortization | Net | Gross Amount | Accumulated Amortization | Net |
| Customer contracts | $1,241,980 | $(886,922) | $355,058 | $1,276,009 | $(862,508) | $413,501 |
| Right of way assets | 250,706 | (112,203) | $138,503 | 238,876 | (99,147) | 139,729 |
| Total | $1,492,686 | $(999,125) | $493,561 | $1,514,885 | $(961,655) | $553,230 |
As of June 30, 2026, the remaining customer contract amortization terms range from five months tofifteen years with weighted average amortization periods of approximately seven years and the right-of-way assets remaining amortization terms range fromone month tofifteen years with weighted average amortization periods of approximately seven years. The overall remaining weighted average amortization period for the intangible assets as of June 30, 2026 was approximately seven years.
The Company recorded $36.6 million and $36.7 million of amortization expenses for the three months ended June 30, 2026 and 2025, respectively, and $73.1 million and $67.3 million for the six months ended June 30, 2026 and 2025, respectively. There wasno impairment recognized on intangible assets for the three and six months ended June 30, 2026 and 2025.
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