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Stocks Comparison

Energy Transfer vs Kinetik: revenue, profit, margins and growth compared

Energy Transfer brought in $85.5B of revenue in fiscal 2025, Kinetik $1.8B in fiscal 2025. Revenue changed by +3.5% at Energy Transfer and +19.0% at Kinetik on the year before, so Kinetik grew faster. Energy Transfer kept 5.2% of its revenue as net profit, Kinetik 10.1%. Free cash flow was $3.8B at Energy Transfer and $111.6M at Kinetik.

Side by side, latest fiscal year

ETKNTK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$85.5B$1.8B
Revenue growth+3.5%+19.0%
Net income$4.4B$178.3M
Net margin5.2%10.1%
Free cash flow$3.8B$111.6M
Free cash flow margin4.5%6.3%
Earnings per share (diluted)n/a$2.63
Cash$1.3B$4M
Debt$68.3B$3.7B
Price to earningsn/a19.5
Market value$69.5B$8.3B
Dividend yieldn/an/a
Rank by revenue in sector#1 of 109 · Utilities#64 of 109 · Utilities

Over the years

Revenue
ET FY2018: $54.1BET FY2019: $54.2BET FY2020: $39BET FY2021: $67.4BET FY2022: $89.9BET FY2023: $78.6BET FY2024: $82.7BET FY2025: $85.5BKNTK FY2018: $76.8MKNTK FY2019: $135.8MKNTK FY2020: $410.2MKNTK FY2021: $662MKNTK FY2022: $1.2BKNTK FY2023: $1.3BKNTK FY2024: $1.5BKNTK FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
ET $85.5BKNTK $1.8B
Net income
ET FY2018: $1.7BET FY2019: $3.5BET FY2020: -$648MET FY2021: $5.5BET FY2022: $4.8BET FY2023: $3.9BET FY2024: $4.8BET FY2025: $4.4BKNTK FY2018: -$4.4MKNTK FY2019: -$358.5MKNTK FY2020: $0KNTK FY2021: $0KNTK FY2022: $40.7MKNTK FY2023: $289.4MKNTK FY2024: $80MKNTK FY2025: $178.3MFY18FY19FY20FY21FY22FY23FY24FY25
ET $4.4BKNTK $178.3M
Net margin
ET FY2018: 3.2%ET FY2019: 6.5%ET FY2020: -1.7%ET FY2021: 8.1%ET FY2022: 5.3%ET FY2023: 5.0%ET FY2024: 5.8%ET FY2025: 5.2%KNTK FY2018: -5.7%KNTK FY2019: -264.0%KNTK FY2020: 0.0%KNTK FY2021: 0.0%KNTK FY2022: 3.4%KNTK FY2023: 23.0%KNTK FY2024: 5.4%KNTK FY2025: 10.1%FY18FY19FY20FY21FY22FY23FY24FY25
ET 5.2%KNTK 10.1%
Revenue growth
ET FY2019: +0.2%ET FY2020: -28.1%ET FY2021: +73.1%ET FY2022: +33.3%ET FY2023: -12.6%ET FY2024: +5.2%ET FY2025: +3.5%KNTK FY2019: +76.9%KNTK FY2020: +202.0%KNTK FY2021: +61.4%KNTK FY2022: +83.3%KNTK FY2023: +3.5%KNTK FY2024: +18.0%KNTK FY2025: +19.0%FY19FY20FY21FY22FY23FY24FY25
ET +3.5%KNTK +19.0%
Free cash flow
ET FY2018: $99MET FY2019: $2.1BET FY2020: $2.2BET FY2021: $8.3BET FY2022: $5.7BET FY2023: $6.4BET FY2024: $7.3BET FY2025: $3.8BKNTK FY2018: -$83.3MKNTK FY2019: -$266.4MKNTK FY2020: -$79.3MKNTK FY2021: $157.5MKNTK FY2022: $406.8MKNTK FY2023: $271.6MKNTK FY2024: $373.8MKNTK FY2025: $111.6MFY18FY19FY20FY21FY22FY23FY24FY25
ET $3.8BKNTK $111.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Energy Transfer and Kinetik

Which is bigger by revenue, Energy Transfer or Kinetik?

Energy Transfer is bigger by revenue: $85.5B in fiscal 2025, against $1.8B for Kinetik in fiscal 2025.

Which keeps more of its revenue as profit, Energy Transfer or Kinetik?

Energy Transfer had a net margin of 5.2% in fiscal 2025; Kinetik had 10.1% in fiscal 2025.

Which grew revenue faster, Energy Transfer or Kinetik?

In their latest fiscal years revenue changed by +3.5% at Energy Transfer and +19.0% at Kinetik.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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