secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008330
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik reports Q4 Adj EBITDA $237.5M, record FY $971.1M; guides FY25 Adj EBITDA $1.09-1.15B
--------------------------------------------------------------------------------

- Q4 net income $16.2M; Full-year net income $244.2M, record Adj EBITDA $971.1M (+16% YoY).
- 2025 guidance: Adj EBITDA $1.09-1.15B, capital $450-540M; expects Q4'25 annualized Adj EBITDA >$1.2B.
- Bolt-on acquisition of Barilla Draw gathering systems in Reeves County, TX, closed January 2025.
- Increased quarterly dividend by 4%; year-end leverage ratio 3.4x.
- Promoted Lindsay Ellis to General Counsel; Karen Putterman appointed to Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000162828025008330/0001628280-25-008330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000162828025008330/apa-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008330

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer