Kinetik Holdings Inc. (KNTK) Misses Q1 EPS by 31c

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Go back to Kinetik Holdings Inc. (KNTK) Misses Q1 EPS by 31c

Kinetik Reports First Quarter 2024 Financial and Operating Results

May 8, 2024 4:15 PM EDT

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 Kinetiks system-wide front-end amine treating projects, allowing Kinetik to handle natural gas containing elevated levels of carbon dioxide (CO2), hydrogen sulfide, and other... More