---
schema_version: "secwatch.filing_event.v1"
accession: "0001692787-23-000011"
form_type: "8-K"
ticker: "KNTK"
cik: "0001692787"
company_name: "Kinetik Holdings Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:22:18.925901+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kinetik Q1 net income $4.3M, adjusted EBITDA $187.5M; April gas volumes record 1.52 Bcf/d

## Summary
- Net income $4.3M; Adjusted EBITDA $187.5M; DCF $126.7M; FCF $25.8M.
- April processed gas volumes averaged 1.52 Bcf/d, a record, up ~21% versus Q4 2022.
- Acquired midstream assets in Reeves County, TX for $65M; also paid $60M incentive to accelerate drilling.
- 2023 Adjusted EBITDA guidance tracking to high end of $800M-$860M; capex trending to upper end.
- Reduced unhedged commodity exposure to 6% of gross profit; fixed SOFR on $2.25B debt through May 2025.

## SEC filing metadata
- accession: 0001692787-23-000011
- form_type: 8-K
- ticker: KNTK
- cik: 0001692787
- company_name: Kinetik Holdings Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1692787/000169278723000011/0001692787-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000169278723000011/apa-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692787-23-000011
- JSON: https://secwatch.observer/filing/0001692787-23-000011.json
- Plain text: https://secwatch.observer/filing/0001692787-23-000011.txt

## Key facts
- Earnings Releases
  Kinetik Holdings Inc. reported for the quarter ended March 31, 2023 results: net income $4.3 million.
  - Period: for the quarter ended March 31, 2023
  - Net income: $4.3 million
  - Result: reported results
  source text: On May 3, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000169278723000011/0001692787-23-000011-index.htm

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