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KNTK – Kinetik Holdings Inc

Not Compliant

Kinetik Holdings Inc is not Shariah Compliant because it fails the financial ratios.

Kinetik Holdings Inc. is an integrated midstream energy company in the Permian Basin. The Company provides gathering, transportation, compression, processing, and treating services. The Company operates through two segments: Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment provides three service offerings, including gas gathering and processing, crude oil gathering, stabilization and storage services and water gathering and disposal. The Pipeline Transportation segment consists of four equity method interest (EMI) pipelines in the Permian Basin with various access points to the Texas Gulf Coast, Kinetik NGL Pipeline and its Delaware Link Pipeline. The EMI pipelines transport crude oil, natural gas, and natural gas liquids (NGLs) within the Permian Basin and to the Texas Gulf Coast. The Company has approximately 2.0 billion cubic feet per day (Bcf/d) cryogenic natural gas processing capacity strategically located near the Waha Hub in West Texas.

AAOIFI ✗

Debt ÷ Market cap (MC)59.67
Non-Compliant Assets ÷ MC0

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