Kinetik reports record Q1 Adj EBITDA of $251.2M, affirms FY2026 guidance

Kinetik Holdings Inc.

2026-Q1 EPS reported -$0.07 revenue$409,976,000

Net loss including noncontrolling interest of $5.1M; Adjusted EBITDA $251.2M a record.
Midstream Logistics Adj EBITDA $178.9M (+12% YoY); Pipeline Transport $78.0M (-17% YoY on EPIC divestiture).
Affirms FY2026 Adjusted EBITDA guidance $950M–$1,050M; capex $450M–$510M.
Amended Durango G&P agreements extending ~75% of legacy volumes to 2039, adding 12K gross acres.
Received BLM and NMOCD approvals for Kings Landing acid gas injection; ECCC pipeline nearing completion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kinetik Holdings Inc. reported the quarter ended March 31, 2026 results: net income $5.1 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Net income: $5.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the three months ended March 31, 2026, Kinetik reported net loss including noncontrolling interest of $5.1 million, Adjusted EBITDA 1 of $251.2 million, Distributable Cash Flow 1 of $180.8 million, and Free Cash Flow 1 of $101.4 million.

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Source: SEC EDGAR

accession 0001692787-26-000089

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