---
schema_version: "secwatch.filing_event.v1"
accession: "0001692787-23-000004"
form_type: "8-K"
ticker: "KNTK"
cik: "0001692787"
company_name: "Kinetik Holdings Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:23:13.575438+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kinetik reports Q4 2022 net income $48.5M, FY2022 Pro Forma Adj EBITDA $822.2M; issues 2023 guidance $800M-$860M

## Summary
- Q4 2022 net income $48.5M; FY2022 net income $250.7M, Pro Forma Adj EBITDA $822.2M, CapEx $284.0M.
- 2023 guidance: Adj EBITDA $800M-$860M, CapEx $490M-$540M; expects to exit 2023 at ~1.5 Bcf/d processed gas (+20% vs Q4 2022).
- Expanding into Lea County, NM with new long-term gathering/processing agreement with large cap investment grade counterparty (MVC-backed); in-service Q1 2024.
- Core Shareholders to reinvest 100% of 2023 dividends under DRIP; Board authorized $100M share repurchase program.
- Targeting $50M in 2023 synergies (vs >$30M in 2022); Diamond Cryo expansion (120 MMcf/d) on track for April 2023.

## SEC filing metadata
- accession: 0001692787-23-000004
- form_type: 8-K
- ticker: KNTK
- cik: 0001692787
- company_name: Kinetik Holdings Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692787/000169278723000004/0001692787-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000169278723000004/apa-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692787-23-000004
- JSON: https://secwatch.observer/filing/0001692787-23-000004.json
- Plain text: https://secwatch.observer/filing/0001692787-23-000004.txt

## Key facts
- Earnings Releases
  Kinetik Holdings Inc. reported the quarter and year ended December 31, 2022 results: net income $48.5 million and $250.7 million.
  - Period: the quarter and year ended December 31, 2022
  - Net income: $48.5 million and $250.7 million
  - Result: reported results
  source text: On February 27, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000169278723000004/0001692787-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.