Kinetik reports Q4 net income $267.4M, guides 2024 Adjusted EBITDA $905M-$960M

Kinetik Holdings Inc.

2023-FY EPS reported $2.52 revenue$1,256,412,000

Full year 2023 net income $386.5M, Adjusted EBITDA $838.8M at mid of revised guidance.
2024 Adjusted EBITDA guidance $905M-$960M (11% growth at midpoint); CapEx guided $125M-$165M.
Dividend to be fully cash starting March 7, 2024; Q4 dividend $0.75/share, $3.00 annualized.
Processed gas volumes exit-to-exit grew 22%; Delaware Link and PHP expansion placed in service Q4 2023.
Pipeline Transportation segment expected to contribute 40% of 2024 Adjusted EBITDA.

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. updated its full year 2024 guidance (initiated).

Period: full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Issuing full year 2024 Adjusted EBITDA 1 guidance of $905 million to $960 million and $125 million to $165 million of 2024 Capital Expenditures 2 guidance

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kinetik Holdings Inc. reported for the fiscal quarter ended December 31, 2023 results: net income $267.4 million.

Period: for the fiscal quarter ended December 31, 2023
Net income: $267.4 million
Result: reported results

Exact text from the filing

On February 28, 2024, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended December 31, 2023.

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Source: SEC EDGAR

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