Kinetik Q3 net income $43.1M, Adj EBITDA $215.3M; tightens 2023 guidance to $820-860M

Kinetik Holdings Inc.

2023-Q3 EPS reported $0.57 revenue$907,544,000

Net income $43.1M and Adjusted EBITDA $215.3M for Q3; gas processed volumes up 23% YoY to 1.49 Bcf/d.
Tightens 2023 Adjusted EBITDA guidance to $820M-$860M; capex expected at top end of $490M-$540M.
Delaware Link pipeline in-service Oct 1; New Mexico expansion ahead of schedule for early 2024.
Declares $0.75/share quarterly dividend; $23.3M paid in cash, remainder reinvested.
Forecasts 2024 capex <$150M and meaningful year-over-year EBITDA growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kinetik Holdings Inc. reported the quarter ended September 30, 2023 results: net income $43.1 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Net income: $43.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 8, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-037946

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