---
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"
generated_at: "2026-06-02T06:25:55.140704+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kinetik Q1 net income $35.4M (+724% YoY); Adj EBITDA $233.6M (+25%), beats internal forecast

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692787-24-000032
- JSON: https://secwatch.observer/filing/0001692787-24-000032.json
- Plain text: https://secwatch.observer/filing/0001692787-24-000032.txt

## Key facts
- Earnings Releases
  Kinetik Holdings Inc. reported the quarter ended March 31, 2024 results: net income $35.4 million.
  - Period: the quarter ended March 31, 2024
  - Net income: $35.4 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692787/000169278724000032/0001692787-24-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.