secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001692787-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik Q2 net income $108.9M (+52% YoY); Adj EBITDA $234.4M (+13%); raises 2024 guidance
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- Q2 2024 net income $108.9M (52% increase YoY); Adjusted EBITDA $234.4M (13% increase YoY).
- Revised 2024 Adj EBITDA guidance to $940M–$980M (prev. $905M–$960M); CapEx guidance raised to $260M–$300M.
- Completed Durango Permian acquisition (late June) and divested 16% non-operated GCX interest (early June).
- Sanctioned pre-FID work for Kings Landing II; advanced acid gas injection well for H2S/CO2 treating.
- Executed Lea County amendment increasing MVC and margins; dividend $0.75/share ($3.00 annualized).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000041/0001692787-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000041/apa-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001692787-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer