Quarterly ResultMay 8, 2026, 06:08 AM
Kinetik Holdings Q1 Net Loss $1.67M; Revenue $409.98M
AI Summary
Kinetik Holdings Inc. reported a net loss attributable to Class A Common Stock holders of $1.67 million for the first quarter of 2026, a significant decline from a net income of $6.13 million in the same period of 2025. Total operating revenues decreased to $409.98 million from $443.26 million year-over-year. The company also amended its accounts receivable securitization facility, reducing the limit to $225.0 million and extending the termination date to March 30, 2027.
Key Highlights
- Net loss attributable to Class A shareholders was $1.67 million, down from $6.13 million net income.
- Basic EPS was $(0.07), a decrease from $0.05 in the prior year period.
- Total operating revenues decreased to $409.98 million from $443.26 million year-over-year.
- Operating loss was $3.84 million, compared to $19.28 million operating income year-over-year.
- Cash provided by operating activities increased to $180.43 million from $176.83 million.
- Dividends paid to Class A shareholders increased to $52.29 million from $46.98 million.
- A/R Facility limit reduced to $225.0 million; $187.1 million outstanding as of March 31, 2026.
- Long-term debt, net, increased to $3.64 billion from $3.63 billion since December 31, 2025.
Price Impact
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