earnings
confidence high
sentiment positive
materiality 0.75
Kinetik reports record 2025 Adjusted EBITDA of $987.7M; 2026 guidance $950M-$1,050M
Kinetik Holdings Inc.
2025-FY EPS reported
$2.63
revenue$1,764,389,000
- Q4 net income $416.7M, FY net income $525.9M; Adj. EBITDA Q4 $252.1M, FY $987.7M (record).
- Gas processed volumes 1.79 Bcf/d in Q4 (+3% YoY); Midstream Logistics Adj. EBITDA up 15% YoY to $173.1M.
- 2026 Adj. EBITDA guidance $950M-$1,050M; capex $450M-$510M; expects high single-digit volume growth.
- Amended G&P contracts with two largest customers extending into mid-2030s; FID on 40 MW power project.
- Repurchased $176M of Class A common stock in 2025; new capital allocation targets 3.5x-4.0x leverage.