Kinetik Holdings Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
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INTANGIBLE ASSETS, NET
- INTANGIBLE ASSETS, NET
Intangible assets, net, are comprised of the following:
| September 30, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (In thousands) | Gross Amount | Accumulated Amortization | Net | Gross Amount | Accumulated Amortization | Net |
| Customer contracts | $1,242,292 | $(916,918) | $325,374 | $1,276,009 | $(862,508) | $413,501 |
| Right-of-way assets | 245,569 | (105,492) | 140,077 | 238,876 | (99,147) | 139,729 |
| Total | $1,487,861 | $(1,022,410) | $465,451 | $1,514,885 | $(961,655) | $553,230 |
As of September 30, 2026, the remaining customer contract amortization terms range fromtwo months tofifteen years with weighted average amortization periods of approximately seven years and the right-of-way assets remaining amortization terms range fromten months tothirteen years with weighted average amortization periods of approximatelysix years. The overall remaining weighted average amortization period for the intangible assets as of September 30, 2026 was approximately seven years.
The Company recorded $36.5 million and $37.0 million of amortization expenses for the three months ended September 30, 2026 and 2025, respectively, and $109.6 million and $104.3 million for the nine months ended September 30, 2026 and 2025, respectively. There wasno impairment recognized on intangible assets for the three and nine months ended September 30, 2026 and 2025.
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