secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001692787-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000048/0001692787-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278724000048/apa-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001692787-24-000048

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