earnings
confidence high
sentiment positive
materiality 0.75
Kinetik Q1 net income $19.3M, Adj EBITDA $250M; volumes up 17% YoY; repurchase program expanded to $500M
Kinetik Holdings Inc.
2025-Q1 EPS reported
$0.05
revenue$443,263,000
- Net income of $19.3M; Adjusted EBITDA of $250M, up 7% YoY; gas processed volumes 1.80 Bcf/d, up 17% YoY.
- Board authorized $500M share repurchase increase; senior management to take stock in lieu of salary.
- Kings Landing complex commissioning expected in six weeks, operations early Q3 2025.
- 2025 Adjusted EBITDA guidance reaffirmed at $1.09-1.15B; CEO sees first-half annualized ~$1B, Q4 ~$1.2B.
- Issued $250M of 6.625% sustainability-linked notes; net debt $3.73B, leverage ratio 3.4x.