KNTK - Earnings announcements

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended March 31, 2026. For the three months ended March 31, 2026, Kinetik reported net loss including noncontrolling interest of $5.1 million, Adjusted EBITDA1 of $251.2 million, Distributable Cash Flow1 of $180.8 million, and Free Cash Flow1 of $101.4 million. Highlights Delivered record first quarter 2026 financial results, driven by strong execution across the Company Amended multiple Durango gas gathering and processing agreements with a large existing customer, extending contract terms to 2039 and increasing the original dedicated acreage position in New Mexico Ex

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.81 per share, or $3.24 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, May 1, 2026 to shareholders of record as of market close on Friday, April 24, 2026. Kinetik will host its first quarter 2026 results conference call on Thursday, May 7, 2026 at 8:00 am Central Time (9:00 am Eastern Time). The Company will issue its earnings release after market close on Wednesday, May 6, 2026. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Company's website at www.ir.kinetik.com. A replay of th

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended December 31, 2025. Kinetik reported net income including noncontrolling interest of $416.7 million and $525.9 million for the three and twelve months ended December 31, 2025, respectively. Kinetik generated Adjusted EBITDA1 of $252.1 million and $987.7 million, Distributable Cash Flow1 of $151.7 million and $620.5 million, and Free Cash Flow1 of $(12.0) million and $167.2 million for the three and twelve months ended December 31, 2025, respectively. Highlights Generated record full year Adjusted EBITDA1 of $987.7 million, despite a challenging operating environment an

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.81 per share, or $3.24 per share on an annualized basis. The announced quarterly dividend represents an approximately 4% increase versus the prior quarterly dividend paid in October 2025. The dividend will be paid on Friday, February 13, 2026 to shareholders of record as of market close on Friday, February 6, 2026. Kinetik will host its fourth quarter 2025 results conference call on Thursday, February 26, 2026 at 8:00 am Central Time (9:00 am Eastern Time). The Company will issue its earnings release after market close

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended September 30, 2025. Kinetik reported net income including noncontrolling interest of $15.5 million and $109.2 million for the three and nine months ended September 30, 2025, respectively. Kinetik generated Adjusted EBITDA1 of $242.6 million and $735.6 million, Distributable Cash Flow1 of $158.5 million and $468.8 million, and Free Cash Flow1 of $50.9 million and $179.2 million for the three and nine months ended September 30, 2025, respectively. Highlights Closed divestiture of 27.5% non-operated equity interest in EPIC Crude Holdings, LP ("EPIC Crude") Achieved full c

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, October 31, 2025 to shareholders of record as of market close on Monday, October 27, 2025. Kinetik will host its third quarter 2025 results conference call on Thursday, November 6, 2025 at 8:00 am Central Time (9:00 am Eastern Time). The Company will issue its earnings release after market close on Wednesday, November 5, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Company's website at www.ir.kinetik.co

Generated second quarter net income of $74.4 million and Adjusted EBITDA1 of $242.9 million Commenced commissioning at the Kings Landing Complex ("Kings Landing") with full commercial in-service expected in late September 2025, providing long overdue relief for producers with material curtailed production on the Delaware North system and allowing for resumption of new development activity Updating the Company's 2025 Adjusted EBITDA1 Guidance range to $1.03 billion to $1.09 billion Continue to expect fourth quarter 2025 annualized Adjusted EBITDA1,2 of approximately $1.2 billion Narrowing the 2025 Capital Guidance range to $460 million to $530 million, including growth and m

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, August 1, 2025 to shareholders of record as of market close on Friday, July 25, 2025. Kinetik will host its second quarter 2025 results conference call on Thursday, August 7, 2025 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market close on Wednesday, August 6, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available o

Generated first quarter net income of $19.3 million and Adjusted EBITDA1 of $250.0 million Achieved quarterly gas processed volumes of 1.80 Bcf/d, up 17% year-over-year Progressed construction on the 220 Mmcf/d Kings Landing Complex ("Kings Landing") in New Mexico with commissioning expected to start in six weeks and commencing operations in early third quarter of 2025 Affirming 2025 Adjusted EBITDA1 Guidance range of $1.09 billion to $1.15 billion and Capital Guidance range of $450 million to $540 million Kinetik's Board of Directors authorized an increase to its existing share repurchase program to $500 million Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") toda

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, May 2, 2025 to shareholders of record as of market close on Friday, April 25, 2025. Kinetik will host its first quarter 2025 results conference call on Thursday, May 8, 2025 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results. The Company will issue its earnings release after market close on Wednesday, May 7, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Compa

Generated fourth quarter 2024 net income of $16.2 million and Adjusted EBITDA1 of $237.5 million Reported full year 2024 net income of $244.2 million, Adjusted EBITDA1 of $971.1 million, and Capital Expenditures2 of $264.5 million Announced bolt-on acquisition of natural gas and crude oil gathering systems primarily located in Reeves County, Texas, which closed in January 2025 ("Barilla Draw") Issuing full year 2025 Guidance ("2025 Guidance"): Adjusted EBITDA1 guidance of $1.09 billion to $1.15 billion Capital guidance of $450 million to $540 million, including growth and maintenance Capital Expenditures2 and the previously communicated $75 million of contingent consideration

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis, for the fourth quarter ended December 31, 2024. The announced quarterly dividend will be paid on Wednesday, February 12, 2025 to shareholders of record as of market close on Monday, February 3, 2025. Kinetik will host its fourth quarter 2024 results conference call on Thursday, February 27, 2025 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss fourth quarter results. The Company will issue its earnings release after market close on Wednesday, February 26, 2025. The text of the earnings release, the accompanyin

Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-year Raising the Company's 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 million Increased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividend Acquired an additional equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), bringing the Company's ownership interest to 27.5%, in a series of transactions with Diamondback Energy tha

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024. The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024. "The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company's outlook," sa

Generated second quarter net income of $108.9 million, representing a 52% increase year-over-year, and Adjusted EBITDA1 of $234.4 million, a 13% increase in Adjusted EBITDA1 year-over-year Revised 2024 Adjusted EBITDA1 Guidance of $940 million to $980 million and 2024 Capital Expenditures2 Guidance of $260 million to $300 million ("2024 Guidance") Completed acquisition of Durango Permian, LLC ("Durango") at the end of June and closed divestiture of 16% non-operated equity interest in Gulf Coast Express pipeline ("GCX") at the beginning of June Sanctioned pre-FID work scope and long-lead critical path items for Kings Landing II and advanced subsurface and permitting workstreams

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 7, 2024 to shareholders of record as of market close on Monday, July 29, 2024. Kinetik will host its second quarter 2024 results conference call on Thursday, August 8, 2024 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market close on Wednesday, August 7, 2024. The text of the earnings release,

In a series of transactions: Kinetik agreed to acquire Durango Permian LLC ("Durango"), which expands its operations in Eddy and Lea Counties, New Mexico, the most active counties in the Permian Basin ("Durango Acquisition"). The Durango Acquisition increases Kinetik's processing capacity by 420 million cubic feet per day, doubles gathering pipeline mileage, and adds over 60 new customers, many of whom are private, including one of the most active producers in the Delaware Basin. Kinetik executed a new 15-year low-pressure and high-pressure gas gathering and processing agreement with one of its largest customers, which has a substantial presence throughout Eddy County ("New Eddy Count

Generated first quarter net income of $35.4 million, representing a 724% increase year-over-year, and Adjusted EBITDA1 of $233.6 million, representing a 25% increase year-over-year Achieved quarterly gas processed volumes of 1.53 Bcf/d, up 13% year-over-year and down less than 1% sequentially from impacts of planned maintenance, winter weather, and lower Alpine High volumes due to natural gas prices at Waha hub Completed Kinetik's system-wide front-end amine treating projects, allowing Kinetik to handle natural gas containing elevated levels of carbon dioxide ("CO2"), hydrogen sulfide, and other impurities Entered into a long-term agreement with Infinium to partially dedicate t

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the first quarter ended March 31, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, May 9, 2024 to shareholders of record as of market close on Monday, April 29, 2024. Kinetik will host its first quarter 2024 results conference call on Thursday, May 9, 2024 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results. The Company will issue its earnings release after market close on Wednesday, May 8, 2024. The text of the earnings release, the accompa

Generated fourth quarter 2023 net income of $267.4 million and Adjusted EBITDA1 of $228.0 million Reported full year 2023 net income of $386.5 million, Adjusted EBITDA1 of $838.8 million, and Capital Expenditures2 and investments of $531.2 million Issuing full year 2024 Adjusted EBITDA1 guidance of $905 million to $960 million and $125 million to $165 million of 2024 Capital Expenditures2 guidance ("2024 Guidance") Completing the core shareholder dividend reinvestment obligation with the upcoming dividend to be paid on March 7th, 2024; and going forward, all shareholders will now be eligible to receive 100% cash dividends Placed Delaware Link and the Permian Highway Pipelin

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth quarter ended December 31, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, March 7, 2024 to shareholders of record as of market close on Thursday, February 22, 2024. Kinetik will host its fourth quarter 2023 results conference call on Thursday, February 29, 2024 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss fourth quarter results. The Company will issue its earnings release after market close on Wednesday, February 28, 2024. The text of the earn

Generated third quarter net income of $43.1 million and Adjusted EBITDA1 of $215.3 million Achieved quarterly gas processed volumes of 1.49 Bcf/d, up 23% year-over-year Updated the Company's 2023 Adjusted EBITDA1 Guidance range to $820 million to $860 million 2023 Capital Expenditures expected to be at the top end of the Company's Guidance range of $490 million to $540 million Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended September 30, 2023. Third Quarter 2023 Results and Commentary For the three and nine months ended September 30, 2023, Kinetik processed natural gas volumes of 1.49 Bcf/d and 1.44 Bc

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third quarter ended September 30, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, November 22, 2023 to shareholders of record as of market close on Monday, November 13, 2023. Kinetik will host its third quarter 2023 results conference call on Thursday, November 9, 2023 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss third quarter results. The Company will issue its earnings release after market close on Wednesday, November 8, 2023. The text of the earni

Generated second quarter net income of $71.7 million and Adjusted EBITDA1 of $208.0 million Achieved a new company record with quarterly gas processed volumes of 1.48 MMcfpd, up 10% quarter-over-quarter and up 25% year-over-year Executed gas gathering and processing agreement with a new customer in Lea County, New Mexico, fully supported by a multi-year minimum volume commitment Continue to track to the high end of the 2023 Adjusted EBITDA1 Guidance range of $800 million to $860 million 2023 Capital Expenditures also expected at the top end of the Company's Guidance range of $490 million to $540 million Issued Kinetik's 2022 Sustainability Report highlighting the sustai

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 16, 2023 to shareholders of record as of market close on Friday, August 4, 2023. Kinetik will host its second quarter 2023 results conference call on Tuesday, August 8, 2023 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market on Monday, August 7, 2023. The text of the earnings release, the acco

Generated first quarter net income of $4.3 million and Adjusted EBITDA1 of $187.5 million Kinetik is tracking at the higher-end of its 2023 Adjusted EBITDA1 Guidance range of $800 million to $860 million 2023 Capital Expenditures trending to the upper-end of the Company's Guidance range of $490 million to $540 million Completed transactions with a key customer to acquire additional midstream assets and accelerate drilling activity April gas processed volumes averaged 1.52 Bcf/d, representing a new Company record and an approximate 21% increase over equivalent fourth quarter 2022 volumes Active hedging program has materially reduced Kinetik's unhedged commodity-linked Gross P

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the first quarter ended March 31, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, May 17, 2023 to shareholders of record as of market close on Friday, May 5, 2023. Kinetik will host its first quarter 2023 results conference call on Thursday, May 4, 2023 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results. The Company will issue its earnings release after market on Wednesday, May 3, 2023. The text of the earnings release, the accompanying p

Generated fourth quarter 2022 net income1 of $48.5 million and Pro Forma Adjusted EBITDA2,3,4 of $211.1 million Reported full year 2022 net income1 of $250.7 million, Pro Forma Adjusted EBITDA2,3,4 of $822.2 million, and Capital Expenditures5 of $284.0 million Issuing full year 2023 Adjusted EBITDA2,6 guidance of $800 million to $860 million and $490 million to $540 million of 2023 Capital Expenditures guidance ("2023 Guidance"), which is mainly comprised of mid-single-digit EBITDA build multiple projects with committed volumes, primarily benefiting 2024 Adjusted EBITDA Expect to exit 2023 at approximately 1.5 Bcf/d of processed natural gas volume, an approximately 20% increase compa

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth quarter ended December 31, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, February 16, 2023 to shareholders of record as of market close on Monday, February 6, 2023. Kinetik will host its fourth quarter 2022 results conference call on Tuesday, February 28, 2023 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss fourth quarter results. The Company will issue its earnings release after market on Monday, February 27, 2023. The text of the earnings relea

Generated third quarter net income of $49.4 million and Adjusted EBITDA1 of $212.4 million Company record for quarterly natural gas processed volumes of 1.2 Bcf/d Reiterating 2022 Guidance for Pro Forma Adjusted EBITDA1,2,3 of $820 million to $840 million and Capital Expenditures of $280 million to $300 million Achieved $25 million full year 2022 EBITDA synergy target within the first three quarters of 2022 Closed acquisition of Brandywine NGL pipeline, expanding Kinetik's intrabasin NGL system, known as Kinetik NGL Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended September 30, 2022. "Our third quarter results

HOUSTON and MIDLAND, Texas, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third quarter ended September 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, November 17, 2022 to shareholders of record as of market close on Monday, November 7, 2022. Kinetik will host its third quarter 2022 results conference call on Thursday, November 10, 2022 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss third quarter results. The Company will issue its earnings release after m

Revised upwards 2022 Guidance for Pro Forma Adjusted EBITDA1,2,3 to $820 million to $840 million, representing a 5% increase over the prior guidance midpointCompleted $3.0 billion comprehensive, sustainability-linked refinancing, that retired all pre-existing debt facilities, together with a new, unsecured $1.25 billion 5-year revolving credit facilityIssued its 2021 ESG Report highlighting the achievements of its predecessor entities, Altus and BCP RaptorFully redeemed all Series A Preferred Units in July 2022, completing Kinetik's overall capital structure simplificationReached Permian Highway Pipeline ("PHP") expansion investment decision with expected in-service by November 1, 2023Workin

HOUSTON and MIDLAND, Texas, July 20, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 17, 2022 to shareholders of record as of close on Friday, August 5, 2022. Kinetik will host its second quarter 2022 results conference call Wednesday, August 10, 2022 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release and updated 2022 Guidan

Completed the previously announced Altus Midstream Company ("Altus") and BCP Raptor Holdco LP ("BCP") business combination on February 22, 2022 ("Transaction")Due to attractive market fundamentals and strong commercial/operational execution, we now expect to exceed the top end of Kinetik's previously announced 2022 Guidance range. At the high-end of Guidance, implied year on year EBITDA growth exceeds 15%. We intend to update 2022 Guidance in the second quarterSecured two new gathering and processing agreements with large cap, investment grade counterparties for 360 MMcf/d, underpinned by minimum volume commitmentsAnnounced Permian Highway Pipeline ("PHP") expansion binding open season and a

HOUSTON and MIDLAND, Texas, April 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today announced a cash dividend of $1.50 per share ($6.00 on an annualized basis) for the first quarter ended March 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Tuesday, May 17, 2022 to shareholders of record as of the close of market on Thursday, May 5, 2022. Kinetik will also host its first quarter 2022 results conference call Wednesday, May 11, 2022 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results. The Company will issue its earnings release after close o