Brief: Kinetik Q2 Net Income USD 74.4 Million

Kinetik Holdings

06/08/2025 21:50

Overview

Kinetik Q2 net income at $74.4 mln, Adjusted EBITDA at $242.9 mln

Updated 2025 Adjusted EBITDA guidance to $1.03 bln-$1.09 bln

Commenced commissioning at Kings Landing, full commercial in-service expected late September

Outlook

Company expects Q4 2025 annualized EBITDA of approximately $1.2 bln

Kinetik narrows 2025 capital guidance to $460 mln-$530 mln

Company anticipates processed gas volume growth in Q4 2025

Result Drivers

COMMODITY PRICING - Lower commodity pricing partially offset gas volume growth

OPERATING COSTS - Higher operating costs, particularly for rental equipment and electricity, affected earnings trajectory

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$74.40 mln
Q2 Adjusted EBITDA
$242.90 mln
Q2 Capex
$126 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Kinetik Holdings Inc is $54.00, about 23.1% above its August 6 closing price of $41.54

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw8yzxHZa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)