secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001692787-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278722000019/0001692787-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278722000019/apa-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001692787-22-000019

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