Quarterly ResultAug 6, 2026, 06:10 AM
Kinetik Reports Record Q2 Results, Raises FY26 Guidance
AI Summary
Kinetik Holdings Inc. reported record financial and operating results for the second quarter ended June 30, 2026, with net income of $123.1 million and Adjusted EBITDA of $280.8 million. The company raised its full year 2026 Adjusted EBITDA guidance to $1.04 billion to $1.1 billion, reflecting stronger volumes and operational performance. Key strategic advancements include the final investment decision for the Kings Landing II processing plant and the commissioning of the ECCC Pipeline, with further expansion planned.
Key Highlights
- Net income including noncontrolling interest was $123.1 million for Q2 2026.
- Adjusted EBITDA reached $280.8 million for Q2 2026.
- Full year 2026 Adjusted EBITDA guidance raised to $1.04 billion to $1.1 billion.
- Capital Expenditures guidance increased to approximately $560 million.
- Midstream Logistics Adjusted EBITDA grew 35% year-over-year to $204.8 million.
- Final investment decision (FID) made for Kings Landing II (KLII) processing plant, targeting 2.7 Bcf/d capacity by 2028.
- ECCC Pipeline placed into service, with expansion planning underway for 2027.
- Board authorized procurement of long-lead equipment for next processing capacity expansion.
Price Impact
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