secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001692787-25-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik Reports Q3 2025 Results, Revises 2025 Adjusted EBITDA Guidance Downward
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278725000064/0001692787-25-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278725000064/apa-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001692787-25-000064

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