secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001692787-26-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000169278726000089/0001692787-26-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000169278726000089/apa-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001692787-26-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer