Kinetik (US:KNTK)2024-11-07 18:49Financial Performance & Guidance - Kinetik increased its 2024E Adjusted EBITDA guidance to between $970 million and $1 billion[5] - The company tightened its 2024E Capital Expenditures Guidance to $270 million to $290 million[5] - Kinetik increased its quarterly dividend to $0.78, up 4% versus the prior quarterly dividend[5] - The company's Q3 2024 Adjusted EBITDA was $266 million[5] - Free Cash Flow for Q3 2024 was $165 million[5] - Kinetik's leverage ratio is 3.2x[6] Strategic & Operational Highlights - Kinetik increased its equity interest in EPIC Crude to 27.5%[4] - The company is constructing a 200 Mmcfpd Kings Landing Cryo I, expected to commence operations in 2Q25[4] - A new large diameter rich gas pipeline will connect the Delaware North and Delaware South systems[4] - 3Q24 Segment Adjusted EBITDA for Midstream Logistics was $174 million, up 24% year-over-year[9] - 3Q24 Segment Adjusted EBITDA for Pipeline Transportation was $96 million, up 22% year-over-year[10]