Kinetik reports record Q3 net income $83.7M (+94% YoY); raises 2024 EBITDA guidance to $970M-$1B

Kinetik Holdings Inc.

2024-Q3 EPS reported $1.02 revenue$1,097,213,000

Q3 Adjusted EBITDA $265.7M (+23% YoY); natural gas processed 1.71 Bcf/d (+15% YoY).
Full-year 2024 Adjusted EBITDA guidance raised to $970M-$1B; capex tightened to $270M-$290M.
Quarterly cash dividend raised to $0.78/share, up 4% from prior dividend.
Acquired additional stake in EPIC Crude to 27.5% via transactions with Diamondback Energy.
Announced new intrabasin pipeline connecting Delaware North and South systems, in-service Q1 2026.

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