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Jun 30, 2020
Kinetik Q2 2020 Earnings Report
Altus Midstream's Q2 2020 results were announced, featuring a net income of $17.7 million and adjusted EBITDA of $43.6 million.
Key Takeaways
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.
Net income for Q2 2020 was $17.7 million.
Adjusted EBITDA for Q2 2020 was $43.6 million.
G&P throughput averaged 434 MMcf per day.
Operating costs decreased by 10% from Q1 2020.
Kinetik
Kinetik
Forward Guidance
Altus Midstream raised the lower end of its 2020 EBITDA guidance to a new range between $160 million and $190 million and updated 2021 guidance, including an EBITDA range of $220 million to $260 million.