{"schema_version":"secwatch.filing_event.v1","accession":"0001692787-24-000032","form_type":"8-K","ticker":"KNTK","cik":"0001692787","company_name":"Kinetik Holdings Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.632081+00:00","generated_at":"2026-06-02T06:25:55.140704+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kinetik Q1 net income $35.4M (+724% YoY); Adj EBITDA $233.6M (+25%), beats internal forecast","bullets":["Gas processed volumes 1.53 Bcf/d (+13% YoY); completed system-wide amine treating at Pecos Bend in April.","Generated distributable cash flow of $154.5M; free cash flow $107.5M; dividend declared $0.75/share ($3.00 annualized).","Entered into long-term CO2 sales agreement with Infinium for Project Roadrunner; no capex or opex burden.","Completed secondary offering for Apache's remaining stake, increasing public float to ~$1.5B.","Leverage ratio 3.8x; Net Debt to Adj EBITDA 4.0x; $150M AR securitization facility executed."],"urls":{"canonical":"https://secwatch.observer/filing/0001692787-24-000032","json":"https://secwatch.observer/filing/0001692787-24-000032.json","markdown":"https://secwatch.observer/filing/0001692787-24-000032.md","text":"https://secwatch.observer/filing/0001692787-24-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000032/0001692787-24-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000032/apa-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:25:55.140704+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"232a4921c6c162aa3332417226418f7596d4b410","claim":"Kinetik Holdings Inc. reported the quarter ended March 31, 2024 results: net income $35.4 million.","evidence_excerpt":"On May 8, 2024, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000032/0001692787-24-000032-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$35.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}