Kinetik Q3 net income $49.4M, record processed volumes 1.2 Bcf/d, reaffirms FY guidance

Kinetik Holdings Inc.

2022-Q3 EPS reported $1.24 revenue$917,997,000

Net income $49.4M; Pro Forma Adjusted EBITDA $212.4M; FY2022 guidance reaffirmed at $820-840M EBITDA.
Record quarterly natural gas processed volumes of 1.2 Bcf/d; achieved $25M synergy target in 9 months, raised to >$30M.
Closed Brandywine NGL pipeline acquisition, expanding intrabasin NGL system.
Leverage ratio 4.0x; redeemed all Series A Preferred Units; fixed SOFR on $2B Term Loan through April 2023.
Declared $0.75/share quarterly dividend; 117M shares elected DRIP; $15.3M cash payout.

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 fiscal quarter ended September 30, 2022 results: net income $49.4 million. Guidance reaffirmed.

Period: the fiscal quarter ended September 30, 2022
Net income: $49.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001692787-22-000019

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