Highest-materiality recent filing
Kinetik reports record Q1 Adj EBITDA of $251.2M, affirms FY2026 guidance
Net loss including noncontrolling interest of $5.1M; Adjusted EBITDA $251.2M a record.
Kinetik reports record 2025 Adjusted EBITDA of $987.7M; 2026 guidance $950M-$1,050M
Q4 net income $416.7M, FY net income $525.9M; Adj. EBITDA Q4 $252.1M, FY $987.7M (record).
Kinetik Reports Q3 2025 Results, Revises 2025 Adjusted EBITDA Guidance Downward
Q3 2025 net income including noncontrolling interest of $15.5M; Adjusted EBITDA $242.6M; Distributable Cash Flow $158.5M; Free Cash Flow $50.9M.
Kinetik sells 27.5% EPIC Crude stake to Plains for $500M upfront plus $96M earnout
Kinetik will receive ~$500M upfront cash and up to $96M in contingent earnout for its 27.5% interest in EPIC Crude.
Kinetik Q2 net income $74.4M, Adj EBITDA $242.9M; updates FY2025 guidance to $1.03-1.09B
Net income $74.4M; Adjusted EBITDA $242.9M for Q2 2025.
Kinetik enters $1.6B revolver and $1.15B term loan, replaces 2022 credit facilities
New $1.6B senior unsecured revolving credit facility with $200M LC sublimit, matures May 2030.
Net income of $19.3M; Adjusted EBITDA of $250M, up 7% YoY; gas processed volumes 1.80 Bcf/d, up 17% YoY.
Kinetik reports Q4 Adj EBITDA $237.5M, record FY $971.1M; guides FY25 Adj EBITDA $1.09-1.15B
Q4 net income $16.2M; Full-year net income $244.2M, record Adj EBITDA $971.1M (+16% YoY).
Kinetik reports record Q3 net income $83.7M (+94% YoY); raises 2024 EBITDA guidance to $970M-$1B
Q3 Adjusted EBITDA $265.7M (+23% YoY); natural gas processed 1.71 Bcf/d (+15% YoY).
Kinetik files Durango Permian financials following June 2024 acquisition
Acquired 100% of Durango Permian LLC; closed June 24, 2024 for undisclosed cash.
Kinetik Q2 net income $108.9M (+52% YoY); Adj EBITDA $234.4M (+13%); raises 2024 guidance
Q2 2024 net income $108.9M (52% increase YoY); Adjusted EBITDA $234.4M (13% increase YoY).
Kinetik closes ~$765M Durango acquisition in Delaware Basin; funds with GCX sale
Acquired Durango Permian LLC for ~$765M: $315M cash, 3.8M OpCo units now, 7.7M units due July 2025.
Kinetik sells 16% GCX stake for $540M; funds Durango Permian acquisition and NM expansion
Total consideration $540M: $510M cash upfront (net proceeds $494.4M) + $30M earnout on capacity expansion FID.
Kinetik to acquire Durango Permian for $765M, sell GCX stake for $540M in Delaware Basin play
Acquires Durango for $315M cash + 11.5M Class C shares in two installments; $75M earnout tied to Kings Landing complex.
Kinetik Q1 net income $35.4M (+724% YoY); Adj EBITDA $233.6M (+25%), beats internal forecast
Gas processed volumes 1.53 Bcf/d (+13% YoY); completed system-wide amine treating at Pecos Bend in April.
Kinetik enters $150M A/R facility, extends term loan maturity to 2026; Ordemann joins board
Subsidiary entered $150M A/R securitization with PNC Bank; matures April 2025, borrowing rate SOFR + 90 bps.
Apache Midstream sells 13.1M Kinetik shares at $33.75 in secondary offering
Selling stockholder Apache Midstream LLC (Apache Corp subsidiary) sold 13,079,871 shares at $33.75/share.
Kinetik reports Q4 net income $267.4M, guides 2024 Adjusted EBITDA $905M-$960M
Full year 2023 net income $386.5M, Adjusted EBITDA $838.8M at mid of revised guidance.
On April 30, 2025, Anne Psencik, Chief Strategy Officer of Kinetik Holdings Inc. (the “Company”), informed the Company of her intent to retire effective June 30, 2025.
On March 12, 2025, Jesse Krynak notified the Board of Directors (the “ Board ”) of Kinetik Holdings Inc. (the “ Company ”) that he would not be seeking reelection as a Board member at the Company’s upcoming 2025 annual meeting of stockholders and would be resigning from the Board effective immediately.
On January 15, 2025, the Board appointed Ms. Putterman to serve as a director of the Board, effective immediately.
On January 15, 2025, Elizabeth Cordia notified the Board of Directors (the “ Board ”) of Kinetik Holdings Inc. (the “ Company ”) that she would be resigning as a member of the Board effective immediately.
On September 30, 2024, Todd Carpenter, General Counsel and Chief Compliance Officer of Kinetik Holdings Inc. (the “Company”), informed the Company of his intent to retire effective February 28, 2025.
On April 3, 2024, Ben Rodgers notified the Board of Directors (the “Board”) of the Company that he would be resigning as a member of the Board, effective immediately.
On April 3, 2024, the Board appointed William Ordemann to serve as director of the Board, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings