Kinetik Holdings Inc

Latest Results (04.10.2025):

Kinetik Holdings Inc. reported robust financial results for the second quarter of 2025, achieving a net income of $74.4 million and an Adjusted EBITDA of $242.9 million. The company demonstrated strong operational execution amidst market volatility and outlined strategic initiatives to drive future growth.

Strong Financial Performance

In Q2 2025, Kinetik Holdings Inc. generated a net income of $74.4 million and an Adjusted EBITDA of $242.9 million. Additionally, the company processed natural gas volumes of 1.75 Bcf/d, marking an 11% year-over-year increase despite challenges such as lower commodity pricing and higher operating costs.

Commissioning of Kings Landing Complex

Kinetik commenced commissioning at the Kings Landing Complex, with full commercial in-service expected by late September 2025. This development is poised to alleviate production curtailments on the Delaware North system and enable new development activities.

Updated 2025 Adjusted EBITDA Guidance

The company has revised its 2025 Adjusted EBITDA1 guidance to a range of $1.03 billion to $1.09 billion. This update reflects expectations of delayed producer development activities and ongoing commodity price headwinds.

Capital Expenditure Adjustments

Kinetik narrowed its 2025 Capital Expenditure Guidance to $460 million to $530 million, encompassing both growth and maintenance investments. Capital expenditures for the quarter were $126 million, with a focus on the completion of Kings Landing.

Strategic Infrastructure Developments

The company initiated construction of the ECCC Pipeline, enhancing its system's takeaway capacity and providing critical support for the Delaware North system. Additionally, Kinetik successfully refinanced its Term Loan A and Revolving Credit Facility, extending maturities to 2028 and 2030, respectively.