Kinetik Holdings Inc. (KNTK) Misses Q2 EPS by 3c

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Go back to Kinetik Holdings Inc. (KNTK) Misses Q2 EPS by 3c

Kinetik Reports Second Quarter 2023 Financial and Operating Results

August 7, 2023 4:10 PM EDT

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 Companys... More