Kinetik Holdings IncKNTK
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Raises 2026 EBITDA guidance by $70 million and reports record Q2 results.
Impact on stocks 1
Energy
Kinetik Holdings IncKinetik raises 2026 EBITDA guidance by $70 million at midpoint
Earnings
Kinetik Holdings raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.10 billion, an increase of $70 million at the midpoint, while reporting record second-quarter results. The company posted second-quarter Adjusted EBITDA of $281 million, distributable cash flow of $195 million, and free cash flow of $105 million, with Midstream Logistics EBITDA rising 35% year over year to $205 million. Kinetik also lifted its 2026 capital expenditure guidance to approximately $560 million to support higher volumes and customer development, and expanded its Kings Landing 2 processing project to 300 million cubic feet per day with service expected in mid-2028. The company expects to exit 2026 with processed gas volumes approaching 2.2 billion cubic feet per day and anticipates leverage to decline by year-end while remaining within its 3.5 to 4.0 times target range.
Kinetik Holdings IncRaises 2026 EBITDA guidance by $70 million and reports record Q2 results.