secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001692787-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278722000010/0001692787-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278722000010/apa-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001692787-22-000010

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