HOUSTON and MIDLAND, Texas, May 8, 2024 – Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Results and Commentary For the three months ended March 31, 2024, Kinetik processed natural gas volumes of 1.53 Bcf/d and reported net income of $35.4 million. Kinetik generated Adjusted EBITDA of $233.6 million, Distributable Cash Flow of $154.5 million, and Free Cash Flow of $107.5 million for the three months en ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Kinetik Holdings Inc. (KNTK) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 8, 2024, might help the stock move higher if these key numbers are better tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-38048 KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Kinetik Holdings Inc. (NYSE:KNTK) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Maddie Wagner - Head of Investor Relations Jamie Welch - President and Chief Executive Officer Trevor Howard - Chief Financial Officer Matt Wall - Chief Operating Officer Kris Kindrick - Senior Vice President, Commercial Conference Call Participants Spiro Dounis - Citigroup Inc. Tristan Richardson - Scotiabank Neel Mitra - Bank of America Keith Stanley - Wolfe Research, LLC Jeremy Tonet - JPM ...

https://reportify- 1252068037.cos.ap- b iji l d / di / d ti Kinetik Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Provides 2024 Guidance HOUSTON and MIDLAND, Texas, February 28, 2024 – Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter and year ended December 31, 2023. 2023 Results and Commentary For the three and twelve months ended December 31, 2023, Kinetik processed natural gas volumes of 1.54 Bcf/d and 1.45 Bc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 81-4675947 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Financial Data and Key Metrics - Average gas processing volumes reached 1.49 billion cubic feet per day, representing a 23% year-over-year growth [6] - Adjusted EBITDA increased by 4% quarter-over-quarter, in line with forecasts and street expectations [9] - The company updated its 2023 adjusted EBITDA guidance range to $820 million to $860 million, with a midpoint implying a fourth-quarter annualized EBITDA exit rate over $900 million [10] - Free cash flow was positive in the past quarter, and the company expects a significant increase in free cash flow in 2024, driven by adjusted EBITDA growth and capital expenditures of less than $150 million [11] Business Line Data and Key Metrics - Midstream Logistics segment generated $140 million in adjusted EBITDA, up 2% sequentially [16] - Pipeline Transportation segment generated $79 million in adjusted EBITDA, up 5% quarter-over-quarter, driven by lower realized costs at PHP and higher margins at Epic Crude [24] - Midstream Logistics CapEx is tracking towards the midpoint of the range of $235 million to $265 million, while Pipeline Transportation CapEx is tracking above the guidance range of $255 million to $275 million due to cost increases related to PHP [26][27] Market Data and Key Metrics - Permian production is expected to grow to 30 billion cubic feet per day by 2030, representing a 4% annual growth rate from today [20] - The Corpus Christi market is expected to grow from 6.5 to 10 billion cubic feet per day, driven by NGL capacity expansions and pipeline export growth [40] - The company sees a structurally short gas market in Corpus Christi, with potential for further pipeline expansions along the Texas-Louisiana state line [42] Company Strategy and Industry Competition - The company is focused on expanding its gathering footprint in the Delaware Basin, with significant progress on projects like Delaware Link and PHP expansion [19][22] - The company is actively pursuing gathering and processing opportunities in New Mexico and Texas, with updates expected as these opportunities develop [14] - The company sees no compelling reason for significant additional NGL investment in its Pipeline Transportation segment and is working on monetizing its stake in GCX [15] Management Commentary on Operating Environment and Future Outlook - The company remains confident in achieving its exit rate guidance of 1.6 billion cubic feet per day by year-end [8] - Management expects sequential adjusted EBITDA growth in the fourth quarter, driven by the Midstream Logistics segment [9] - The company anticipates a significant increase in free cash flow in 2024, supported by adjusted EBITDA growth and reduced capital expenditures [11] Other Important Information - The company declared a $0.75 per share quarterly dividend, with the Board maintaining the reinvestment level of Blackstone, I Squared, Apache, and management’s applicable third-quarter dividends at 100% [29] - Year-to-date, the company has repurchased approximately 194,000 shares for $5.8 million, leaving $94 million of remaining authorized capacity for opportunistic share repurchases [30] Q&A Session Summary Question: Progress on GCX monetization - The company is actively working on monetizing its stake in GCX and remains confident in a positive conclusion, though timing remains uncertain [32][33] Question: NGL takeaway options and flexibility - The company has multiple NGL takeaway options, including Brandywine and TNF contracts, with flexibility to choose among lines based on market conditions [37] Question: Corpus Christi market outlook - The Corpus Christi market is expected to grow significantly, with the company viewing it as structurally short gas, warranting further investment [40][42] Question: Volume trajectory and growth in 2024 - The company expects continued growth in volumes, with a significant step-up expected when New Mexico contracts kick in April 2024 [74][102] Question: Industry consolidation and Kinetik’s role - The company views itself as a smaller player in the midstream industry, focusing on organic growth and value creation rather than large-scale acquisitions [75][76] Question: GCX sale process and dividend reinvestment plan (DRIP) - The DRIP will end with the February 2024 dividend payment, regardless of the GCX sale outcome [96] Question: Capital recycling and portfolio review - The company is not actively working on any other capital recycling initiatives beyond GCX but remains open to opportunities that create value for stakeholders [103]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 81-4675947 2700 Post Oak Blvd, Suite 300 Houston, Texas, 77056 (Address of principal executive offices) (Zip Code) (713) 621-7330 (Registrant's telephone number, including area code ...

Kinetik Holdings, Inc. (NYSE:KNTK) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Maddie Wagner - Director, IR Jamie Welch - CEO, CFO, President & Director Trevor Howard - VP, Finance Tyler Milam - VP, Commercial Chris Kendrick - VP, Commercial Conference Call Participants Spiro Dounis - Citigroup Indraneel Mitra - Bank of America Merrill Lynch Robert Mosca - Mizuho Securities Tristan Richardson - Scotiabank Jeremy Tonet - JPMorgan Chase & Co. Keith Stanley - Wolfe Research ...

Financial Data and Key Metrics Changes - The company reported pro forma adjusted EBITDA of $187 million for Q1 2023, aligning with internal budget expectations [5] - The exit rate for processed volumes is expected to reach 1.6 billion cubic feet per day by the end of 2023, representing a year-on-year increase of over 25% [4] - Adjusted distributable cash flow for the quarter was $127 million, with free cash flow of $26 million [10] Business Line Data and Key Metrics Changes - The Midstream Logistics segment generated an adjusted EBITDA of $119 million, while the Pipeline Transportation segment generated $72 million, reflecting a 4% year-over-year increase [5] - The company has seen a ramp-up in volumes beginning in March, with significant growth in April, which is expected to benefit Q2 and full-year results [5] Market Data and Key Metrics Changes - The company noted that gathered and processed natural gas volumes reached all-time record highs, with an average of 1.52 billion cubic feet per day processed in April, a 21% increase from Q4 2022 [31] - The company is actively engaged in commercial discussions with several New Mexico producers, indicating potential near-term opportunities in that market [9] Company Strategy and Development Direction - The company is focusing on portfolio monetization opportunities, particularly regarding its stake in the Gulf Coast Express pipeline, to accelerate capital allocation priorities [32] - The company aims to achieve a leverage target of 3.5x and is considering the potential sale of GCX to facilitate this goal [36][61] - Sustainability initiatives have led to an 8% reduction in Scope 1 and Scope 2 greenhouse gas emissions intensity compared to 2021 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the high end of the 2023 EBITDA guidance of $800 million to $860 million, despite delays in the PHP expansion [32] - The management highlighted that the basin is becoming gassier, with rising gas-to-oil ratios (GORs) indicating increased activity and potential for future growth [8][14] - The management noted that the incentive agreement with a customer is expected to yield significant revenue uplift starting in 2024 [20] Other Important Information - The company executed a small acquisition of a midstream infrastructure system for $65 million, with a less than 4x EBITDA multiple [4] - Total capital expenditures for the quarter were $121 million, representing approximately 23% of expected capital expenditures for 2023 [10] Q&A Session Summary Question: Can you discuss the timing around the Gulf Coast Express sale? - Management indicated that the formal exploration of the sale should take about three months, with an announcement expected around the second quarter earnings in August [36] Question: What are the expectations for 2024 capital expenditures? - Management stated that the previously mentioned figure of less than $150 million for 2024 remains a good estimate, but ongoing activity levels may lead to discussions about new processing facilities [37] Question: Are there any specific return requirements within the incentive agreement? - Management confirmed that the agreement includes performance metrics tied to drilling activity, with penalties for not meeting lateral footage requirements [51][52] Question: How does the company view the potential for other tuck-in acquisitions? - Management noted that while there are not many opportunities, they are always looking for win-win arrangements with existing customers [60] Question: How does the company plan to manage the DRIP and leverage targets? - Management emphasized that proceeds from the GCX sale would help achieve leverage targets and reduce dilution from the DRIP [55][61]