earnings
confidence high
sentiment positive
materiality 0.80
Kinetik reports record Q2 2026 Adjusted EBITDA of $280.8M; raises full-year guidance to $1.04-1.1B
Kinetik Holdings Inc.
- Net income of $123.1M; Adjusted EBITDA $280.8M, a record; Distributable Cash Flow $194.9M.
- Full-year 2026 Adjusted EBITDA guidance raised to $1.04-1.1B (midpoint +7% vs. Feb guidance).
- Midstream Logistics segment Adjusted EBITDA $204.8M, up 35% YoY; processed volumes 1.74 Bcf/d.
- Dividend of $0.81/share maintained; coverage ratio 1.47x; KLII FID and ECCC Pipeline in service.
- Capex guidance raised to ~$560M; exit rate processed gas volume expected near 2.2 Bcf/d.