Kinetik Holdings Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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LEASES
- LEASES
Components of lease costs are included in the Condensed Consolidated Statements of Operations as “general and administrative expense” for real-estate leases and “operating expenses” for non-real-estate leases. Total operating lease costs were $11.7 million and $15.2 million for the three months ended September 30, 2026 and 2025, respectively, and $35.2 million and $40.3 million for the nine months ended September 30, 2026 and 2025, respectively. Short-term lease costs were $1.0 million and $1.1 million for the three months ended September 30, 2026 and 2025, respectively, and $3.8 million and $2.4 million for the nine months ended September 30, 2026 and 2025, respectively. Variable lease costs were immaterial for the three and nine months ended September 30, 2026 and 2025.
The following table presents other supplemental lease information:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (In thousands) | ||||
| Operating cash flows from operating leases | $11,997 | $14,819 | $35,524 | $39,534 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $2,587 | $17,003 | $2,587 | $34,735 |
| Weighted-average remaining lease term - operating leases (in years) | 1.70 | 2.24 | 1.70 | 2.24 |
| Weighted-average discount rate - operating leases | 5.55% | 6.10% | 5.55% | 6.10% |
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