Kinetik Holdings Inc. — Earnings Quality Grade F
KNTK · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 18 days, change -10 days YoY
AR growth -23.8% vs revenue growth 19.0%
Revenue grew 19.0% but CFFO declined -5.2%
Expense Quality
No material inventory
CapEx growth 92.0% is >2x revenue growth 19.0%
SG&A/Gross Profit = 21.9%, excellent (<30%)
Gross margin 33.8%, change -2.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.15. Profits backed by cash
FCF $0.1B, FCF/NI = 0.14
Accruals ratio = -1.1%. Low accruals
Cash $0.0B covers only 0% of debt $3.9B
Balance Sheet Health
Goodwill+Intangibles $0.6B = -99% of equity. Manageable
Interest coverage = 0.7x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change -15% YoY. Normal
Manipulation Score
M-Score = -2.68 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25