These transactions solidify Kinetik's position in New Mexico and consolidate its value proposition as a pure- play midstream company within the Delaware Basin. U.S.-based Kinetik Holdings Inc. (KNTK) has announced a series of transactions aimed at expanding its operations in New Mexico and increasing its presence across the North Delaware Basin. Acquisition of Durango Permian LLC Kinetik has entered into an agreement to acquire Durango Permian LLC, expanding its footprint in Eddy and Lea Counties, New Mexic ...

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 March 31, 2024 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 jurisdic ...

Financial Data and Key Metrics Changes - The company reported first quarter adjusted EBITDA of $234 million, a 25% increase year-over-year, driven by robust underlying volume growth and contributions from the Permian Highway Pipeline expansion and Delaware Link [36][43] - Processed gas volumes reached 1.53 billion cubic feet per day, reflecting a 13% growth year-over-year, although down less than 1% quarter-over-quarter due to planned maintenance and curtailments [36][43] - Adjusted distributable cash flow for the quarter was $155 million, with free cash flow at $108 million [43] Business Line Data and Key Metrics Changes - The Midstream Logistics segment generated an adjusted EBITDA of $143 million, up 20% year-over-year, primarily due to increased processed gas volumes [15] - The Pipeline Transportation segment reported an adjusted EBITDA of $96 million, a 32% increase year-over-year and a 12% increase quarter-over-quarter, attributed to contributions from Delaware Link and the PHP expansion [16] Market Data and Key Metrics Changes - Waha gas daily prices averaged negative $0.72 per MMBtu in March and April, impacting customer sales positively as they sold gas at Gulf Coast markets instead [39] - The company expects continued pressure on in-basin pricing until additional pipeline capacity is operational, but is well-positioned with egress from the Permian to Gulf Coast demand centers [40] Company Strategy and Development Direction - The company completed a system-wide front-end amine treating project, enhancing blending and treating services across its system [4] - A first-of-its-kind agreement with Infinium was established to dedicate the sale of captured carbon dioxide for the production of ultra-low carbon eFuels, indicating a focus on sustainability and new revenue streams [20][49] - The company is focused on expanding its market share in New Mexico through enhanced treating and blending capabilities [38] Management's Comments on Operating Environment and Future Outlook - Management anticipates volatile commodity prices in 2024, particularly for natural gas, but believes the company is well-positioned relative to peers [18] - There is an expectation of increased volumes in the second quarter, continuing through the year, driven by the completion of maintenance projects and customer development activities [19] - Management highlighted strong operational performance and recovery rates post-maintenance, which are expected to support growth [58][79] Other Important Information - The company has reduced greenhouse gas and methane emissions intensity by 12% and 34% respectively compared to 2021 levels, ahead of its 2030 targets [21][50] - The company executed an accounts receivable securitization facility for $150 million in April, which was used to pay down existing term loans [17][46] Q&A Session Summary Question: Full year guidance and Q1 performance - Management indicated that while it is early in the year, Q1 performance trends are positive and could lead to higher end guidance [52][53] Question: Updates on GCX expansion and greenfield projects - Management confirmed confidence in GCX expansion and emphasized the need for more egress capacity from the basin [55] Question: Growth opportunities and market share - Management noted ongoing discussions with customers for new gas packages and highlighted the importance of partnerships in capturing market share [30][60] Question: NGL solutions and third-party pipe expansions - Management discussed commitments to various NGL solutions and the potential for future barrels as contracts roll off [88] Question: Cadence of turn-in-line activity - Management expects a consistent volume ramp similar to previous years, with significant activity in the second and third quarters [90][121] Question: Alpine High curtailment and its impact - Management confirmed the return of volumes from Alpine High and its significance to overall G&P volumes [93] Question: M&A considerations - Management stated that while they evaluate various opportunities, they are currently focused on organic growth strategies [109][110]

KINETIK Forward looking statements This presentation contains projections for Kinetik, including with respect to Kinetik's adjusted EBITDA, capital expenditures, leverage, and processed gas volumes. Kinetik's independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of t ...

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 ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $228 million for Q4 2023 and $839 million for the full year, achieving the middle of the revised guidance provided in November [45][63] - Full year 2023 capital expenditures were $531 million, within the guidance range [46][65] - Processed gas volumes reached 1.56 billion cubic feet per day in December, with a Q4 average of 1.54 billion cubic feet per day, representing a more than 22% increase compared to Q4 2022 [47][48] Business Line Data and Key Metrics Changes - The Midstream Logistics segment generated adjusted EBITDA of $146 million in Q4, up 10% year-over-year, attributed to increased processed gas volumes [63] - The Pipeline Transportation segment generated adjusted EBITDA of $85 million, up nearly 7% quarter-over-quarter, driven by contributions from Delaware Link and the PHP expansion [64] Market Data and Key Metrics Changes - The company noted that treating is becoming increasingly important as producers develop shallower benches, with gas quality issues associated with CO2 and H2S emerging as capacity constraints [49][50] - The Permian Basin is expected to see a growth of approximately 1.5 to 2 billion cubic feet per day in 2024, which is mid- to high-single-digit percentage growth [59] Company Strategy and Development Direction - The company aims to expand its footprint in New Mexico, leveraging available processing capacity and treating capabilities to gain a competitive advantage [52][53] - The company is focused on de-risking its balance sheet, with over 90% of gross profit sourced from fixed-fee contracts and approximately 50% of commodity-linked gross profit hedged [57] Management's Comments on Operating Environment and Future Outlook - The management highlighted the significance of natural gas as a cleaner energy source, projecting that the U.S. will continue to meet the growing global demand for natural gas [55][60] - The company expects to see a step-up in volumes beginning in Q2 2024, with customer development activity more heavily weighted in the second and third quarters [73] Other Important Information - The company declared a quarterly dividend of $0.75 per share, maintaining the reinvestment level for certain stakeholders until March 8, 2024 [68] - The company repurchased approximately 194,000 shares for $5.8 million in total, with $94 million remaining under the share buyback program [69] Q&A Session Summary Question: What is the strategic rationale for selling GCX? - Management indicated that a compelling offer would be necessary to consider selling GCX, as current debt repayment does not provide value enhancement [12][14] Question: How does the company see growth beyond 2024? - Management expects growth to come from existing acreage and opportunities in New Mexico, with a focus on volume growth [15][17] Question: What are the expectations for EBITDA trajectory into 2024? - Management anticipates a ramp-up in EBITDA growth in Q2 and Q3, with Q4 being influenced by producer performance [21][22] Question: How is the company addressing elevated CO2 levels? - Management noted that elevated CO2 levels were unexpected and are being addressed through system-wide treating projects [28][48] Question: What are the capital allocation priorities? - Management emphasized that free cash flow will primarily be used for debt repayment until leverage targets are met, with dividends remaining flat for now [91][94]

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 ...