Kinetik Holdings (Kinetik Holdings) Change In Receivables : $-11 Mil (TTM As of Mar. 2024)

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What is Kinetik Holdings Change In Receivables?

Kinetik Holdings's change in receivables for the quarter that ended in Mar. 2024 was $6 Mil. It means Kinetik Holdings's Accounts Receivable declined by $6 Mil from Dec. 2023 to Mar. 2024 .

Kinetik Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-12 Mil. It means Kinetik Holdings's Accounts Receivable increased by $12 Mil from Dec. 2022 to Dec. 2023 .

Kinetik Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $210 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Kinetik Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 56.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kinetik Holdings's liquidation value for the three months ended in Mar. 2024 was $-3,629 Mil.

Kinetik Holdings Change In Receivables Historical Data

The historical data trend for Kinetik Holdings's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kinetik Holdings Change In Receivables Chart

Kinetik Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-27.33

-7.29

-88.49

-8.33

-12.13

Kinetik Holdings Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												5.01	17.05	-49.04	14.85	5.84

Kinetik Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11 Mil.

Kinetik Holdings (NYSE:KNTK) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Kinetik Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	209.878	/	341.394	*	91
=	56.10

2. In Ben Graham's calculation of liquidation value, Kinetik Holdings's accounts receivable are only considered to be worth 75% of book value:

Kinetik Holdings's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.756	-	3796.35	+	0.75 * 209.878	+	0.5 * 0
=	-3,629

Kinetik Holdings Change In Receivables Related Terms

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Kinetik Holdings (Kinetik Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinetik Holdings Inc (NYSE:KNTK) » Definitions » Change In Receivables

Comparable Companies

VNOM HESM DHT NS TNK GLNG INSW LPG GEL HEP TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

2700 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056-4400

Website

https://www.kinetik.com

Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.

Executives

Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Jamie Welch	director, officer: See Remarks	3738 OAK LAWN AVE., DALLAS TX 75219
Apache Corp	10 percent owner	2000 POST OAK BLVD, STE 100, HOUSTON TX 77056-4400
Trevor Howard	officer: See Remark	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Todd Carpenter	officer: See Remarks	2001 BRYAN STREET, SUITE 3700, DALLAS TX 75201
Matthew Wall	officer: Executive Vice President, COO	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Steven Stellato	officer: See Remarks	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Anne Psencik	officer: Chief Strategy Officer	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Jesse Krynak	director	2700 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Deborah L Byers	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Ronald Schweizer	director	2700 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Raptor Aggregator L.p.	10 percent owner	345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
I Squared Capital, Llc	10 percent owner	600 BRICKELL AVENUE, PENTHOUSE, MIAMI FL 33131-3067
John-paul Munfa	director	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154