secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001692787-23-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278723000022/0001692787-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278723000022/apa-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001692787-23-000022

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