• Kinetik Holdings average gross margin for 2023 was 46.08%, a 2.65% decline from 2022.
• Kinetik Holdings average gross margin for 2022 was 44.89%, a 21.9% increase from 2021.
• Kinetik Holdings average gross margin for 2021 was 57.48%, a 19.88% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.