secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037946
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000162828023037946/0001628280-23-037946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000162828023037946/apa-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037946

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