Earnings ·
Kinetik Reports Q3 Net Income of $50.9M and Raises Full-Year Adjusted EBITDA Guidance to High End
KNTKKinetik Holdings Inc.
Kinetik Holdings Inc. reported net income including noncontrolling interest of $50.9 million for the third quarter ended September 30, 2026, up from $15.5 million in the prior-year period. Adjusted EBITDA reached $278.1 million, driven by record processed gas volumes of 1.94 Bcf/d and strong Midstream Logistics performance. The company raised its full-year 2026 Adjusted EBITDA guidance to the high end of the $1.04 billion to $1.1 billion range, citing stronger-than-expected well results and commodity margins. Capital expenditures are now expected to be approximately 5% below the previous guidance of $560 million. Kinetik is a fully integrated midstream company operating in the Delaware Basin.