Kinetik Q2 net income $71.7M, Adjusted EBITDA $208.0M; gas processed volumes hit record 1.48 Bcf/d

Kinetik Holdings Inc.

2023-Q2 EPS reported $0.36 revenue$577,243,000

Record quarterly gas processed volumes of 1.48 Bcf/d, up 10% QoQ and 25% YoY.
Executed new gathering agreement in Lea County, NM with multi-year minimum volume commitment; in-service Q1 2024.
2023 Adjusted EBITDA guidance tracking to high end of $800-860M range; capex at top end of $490-540M.
Declared dividend of $0.75/share ($3.00 annualized); 117M shares elected reinvestment, $21.6M cash payout.
Delaware Link residue pipeline expected in-service October 1; PHP expansion on track for December 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kinetik Holdings Inc. reported the quarter ended June 30, 2023 results: net income $71.7 million.

Period: the quarter ended June 30, 2023
Net income: $71.7 million
Result: reported results

Exact text from the filing

On August 7, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended June 30, 2023.

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Kinetik Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001692787-23-000022

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