Kinetik raises 2022 EBITDA guidance to $820-$840M; Q2 pro forma EBITDA $207.9M

Kinetik Holdings Inc.

2022-Q2 EPS reported $0.16 revenue$592,821,000

Q2 net income incl. noncontrolling interest $131.4M; pro forma adjusted EBITDA $207.9M, DCF $170.1M.
FY2022 pro forma EBITDA guidance raised to $820M-$840M (midpoint +5%); capex guidance raised to $280M-$300M.
Completed $3.0B sustainability-linked refinancing; fully redeemed all Series A Preferred Units in July 2022.
Reached FID on Permian Highway Pipeline expansion (expected in-service Nov 1, 2023); working on Shin Oak expansion.
Dividend $0.75/share declared for Q2, payable Aug 17; 117M shares elected reinvestment, only $13.6M cash paid.

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