Kinetik Reports Record Third Quarter 2024 Financial and Operating Results and Again Increases Full-Year 2024 Adjusted EBITDA Guidance
Kinetik Holdings Inc. (KNTK)
Company Research
Source: Business Wire
Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-yearRaising the Company’s 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 millionIncreased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividendAcquired an additional equity interest in EPIC Crude Holdings, LP (“EPIC Crude”), bringing the Company’s ownership interest to 27.5%, in a series of transactions with Diamondback Energy that position EPIC Crude for long-term successAnnouncing a new large diameter, high-pressure pipeline to connect the Company’s Delaware North and Delaware South systems, providing a highly capital efficient solution to flow more than 150 Mmcf/d of rich gas south and optimize system processing capacity HOUSTON
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News
- Kinetik Holdings Inc. (KNTK) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Earnings Estimates Moving Higher for KINETIK HLDGS (KNTK): Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Kinetik Holdings Up 21%, Insider Buyers Are Up 82% [Yahoo! Finance]Yahoo! Finance
- Kinetik Holdings Inc (KNTK) Q3 2024 Earnings Call Highlights: Record EBITDA and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Kinetik Holdings Inc. (KNTK) Misses Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
KNTK
Earnings
- 11/6/24 - Miss
KNTK
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- KNTK's page on the SEC website