earnings
confidence high
sentiment negative
materiality 0.80
Kinetik Reports Q3 2025 Results, Revises 2025 Adjusted EBITDA Guidance Downward
Kinetik Holdings Inc.
2025-Q3 EPS reported
$0.41
revenue$1,333,970,000
- Q3 2025 net income including noncontrolling interest of $15.5M; Adjusted EBITDA $242.6M; Distributable Cash Flow $158.5M; Free Cash Flow $50.9M.
- 2025 Adjusted EBITDA guidance revised to $965M-$1.005B (from prior range) due to Kings Landing ramp delays, producer development delays, and low commodity prices.
- Kings Landing complex reached full commercial in-service late September 2025, adding >200 Mmcf/d processing capacity; FID on acid gas injection project by year-end 2026.
- Closed divestiture of 27.5% interest in EPIC Crude for >$500M net cash, used to pay down credit facility and fund organic growth projects.
- Executed five-year LNG pricing agreement with INEOS for 0.5 MTPA at Port Arthur LNG and secured additional firm transport capacity to Gulf Coast.