Kinetik Earnings Reports

Kinetik Holdings Inc. posted Q4 2024 revenue of $385.7 million, reflecting an increase from the prior year. The company generated net income of $16.2 million and an adjusted EPS of $0.01. Adjusted EBITDA for the quarter stood at $237.5 million, with free cash flow of $32.5 million. The company faced temporary setbacks due to gas price volatility but remains on track for long-term growth, supported by strategic acquisitions and infrastructure expansion.

Kinetik Holdings Inc. reported a strong third quarter in 2024, with a 94% increase in net income year-over-year and a 23% increase in Adjusted EBITDA. The company raised its full-year Adjusted EBITDA guidance and tightened its Capital Expenditures guidance. Kinetik also increased its quarterly cash dividend and expanded its equity interest in EPIC Crude Holdings, LP.

Kinetik Holdings Inc. reported strong Q2 2022 results, driven by increased volumes and higher commodity prices. The company revised upwards its 2022 guidance for Pro Forma Adjusted EBITDA to $820 million to $840 million. Kinetik also completed a $3.0 billion sustainability-linked refinancing and fully redeemed all Series A Preferred Units.

Kinetik Holdings Inc. reported strong first-quarter results, driven by increased volumes across both the Midstream Logistics and Pipeline Transportation segments and higher commodity prices. The company generated Pro Forma Adjusted EBITDA of $191 million and net income of $21.4 million.

Kinetik Holdings Inc. announced the completion of a business combination, creating a unique, fully integrated midstream company. The company's Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “KNTK” on February 23, 2022.

Altus Midstream announced third-quarter 2021 results, reporting a net income of $50 million and an adjusted EBITDA of $70 million. The company also signed a new agreement with Apache Corporation and announced a combination with EagleClaw. A fourth quarterly cash dividend on Class A common shares was declared at a rate of $1.50 per share.

Altus Midstream Company reported a net income of $74 million for Q2 2021, which includes a $31 million non-cash unrealized gain. Adjusted EBITDA was $69 million. G&P throughput volumes averaged 447 MMcf per day, up 3% from the previous quarter.

Altus Midstream announced its estimated first-quarter 2021 results, reporting a net income of $22 million including noncontrolling interests and an adjusted EBITDA of $65 million. The company achieved free cash flow for the first full quarter and experienced a quick return to pre-storm levels despite challenges from severe weather in February. The board declared a cash dividend of $1.50 per share payable in June.

Altus Midstream announced its Q4 and full-year 2020 results, reporting a Q4 net income of $60 million and adjusted EBITDA of $48 million. The company is focused on optimizing operations, pursuing new business, and minimizing its environmental footprint.

Altus Midstream reported a net income of $29 million for Q3 2020. Adjusted EBITDA was approximately $53 million, a 21% increase over the preceding quarter. The company plans to recommend a quarterly dividend of $1.50 per share beginning in March 2021.

Altus Midstream announced Q2 2020 results, reporting a net income of $17.7 million and an adjusted EBITDA of $43.6 million. The company's G&P throughput averaged 434 MMcf per day. Altus is focused on improving margins and reducing operating costs.

Altus Midstream reported a net loss of $26.8 million for Q1 2020, which included a $62 million non-cash unrealized loss. However, the company's adjusted EBITDA was approximately $46.5 million. The company highlighted its strong liquidity position and a 15% reduction in operating costs.

Altus Midstream reported a net loss of $1.33 billion for Q4 2019, including a $1.36 billion impairment and tax charges. Excluding these items, adjusted EBITDA was $46.2 million. G&P volumes averaged 643 million cubic feet per day, with 65% being rich gas.