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Dec 31, 2020
Kinetik Q4 2020 Earnings Report
Altus Midstream reported strong performance in Q4 2020, driven by its diversified assets and dedicated team.
Key Takeaways
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.
Delivered strong 2020 performance including cost savings from G&P business for six consecutive quarters.
Returning capital to shareholders with declaration of a $6 per share annualized dividend beginning in 2021.
Committed to industry-leading technology and operating practices that minimize environmental footprint.
G&P throughput volumes for the period averaged 455 MMcf per day, approximately 73% of which was rich gas.
Forward Guidance
With the economy recuperating and the improving demand for oil and gas products, we are optimistic about the opportunities in the year ahead. Our focus remains on securing third-party business, maximizing use of assets, strengthening our balance sheet and carrying out key environmental initiatives
Historical Earnings Impact
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Avg. Return Before/After Earnings
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