Kinetik Holdings Inc.

Kinetik Holdings Inc. reported strong financial results for the second quarter and first half of 2026. Q2 net income attributable to Class A Common Stock more than doubled to $49.5 million, with diluted EPS rising to $0.64. Total operating revenues for the quarter increased significantly to $581.4 million. The company also saw an increase in net cash provided by operating activities for the six-month period, reaching $341.5 million.

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.

Kinetik Holdings Inc. announced the appointment of Craig Harris to its Board of Directors, effective June 23, 2026. This appointment increased the Board's size from ten to eleven directors. Mr. Harris brings over 30 years of experience in the energy industry, including senior leadership roles at Blackstone and various midstream companies. He will receive standard compensation for non-employee directors.

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.

Kinetik Holdings Inc. reported record first quarter 2026 financial results, with Adjusted EBITDA reaching $251.2 million, exceeding internal expectations. The company posted a net loss of $5.1 million, Distributable Cash Flow of $180.8 million, and Free Cash Flow of $101.4 million. Kinetik also affirmed its full year 2026 financial guidance for Adjusted EBITDA and Capital Expenditures, while successfully extending key Durango gas gathering and processing agreements and securing approvals for the Kings Landing acid gas injection project.