secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001692787-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000005/0001692787-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000005/apa-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001692787-24-000005

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