• Kinetik Holdings average gross margin for 2023 was 45.86%, a 0.7% decline from 2022.
• Kinetik Holdings average gross margin for 2022 was 45.54%, a 24.09% increase from 2021.
• Kinetik Holdings average gross margin for 2021 was 59.99%, a 13.52% 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.