Welcome to our dedicated page for Kinetik Holdings news (Ticker: KNTK), a resource for investors and traders seeking the latest updates and insights on Kinetik Holdings stock.
The Kinetik Holdings Inc. (NYSE: KNTK) news page on Stock Titan aggregates company-issued updates and related coverage focused on this Permian-to-Gulf Coast midstream C-corporation. Kinetik’s press releases emphasize its role in the Delaware Basin, where it provides gathering, transportation, compression, processing and treating services for producers of natural gas, natural gas liquids, crude oil and water.
News items for KNTK commonly include quarterly and annual financial and operating results, where Kinetik reports metrics such as net income, Adjusted EBITDA, Distributable Cash Flow, Free Cash Flow, capital expenditures, Net Debt and leverage ratios, along with commentary on system volumes and project progress. These releases often discuss performance in its midstream logistics and pipeline transportation activities and provide updates on capital allocation, including dividends and share repurchases.
Investors can also follow project and commercial developments through Kinetik’s news. Recent communications have described construction, commissioning and in-service milestones at the Kings Landing Complex in Eddy County, New Mexico, work on the ECCC Pipeline connecting parts of the Delaware North and Delaware South systems, and integration of acquired gathering systems in Reeves County, Texas. Other releases cover commercial agreements such as gas gathering and processing contracts, residue gas connections to power generation facilities, and LNG-related pricing arrangements.
Corporate and governance updates appear in KNTK news as well, including leadership changes, board appointments, listing developments such as the dual listing on NYSE Texas, and announcements of quarterly dividends and the company’s Dividend Reinvestment Plan. For readers tracking Kinetik’s evolving midstream footprint, financial profile and strategic transactions, this news feed offers a centralized view of the company’s public disclosures over time.
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Kinetik Holdings Inc. (NYSE: KNTK) has announced a cash dividend of
The first-quarter results conference call is scheduled for
Further details on the DRIP are outlined in the Company’s Form S-3 registration statement filed with the
Kinetik Holdings reported a strong financial performance for the full year 2022, with net income of $250.7 million and Pro Forma Adjusted EBITDA of $822.2 million. For Q4 2022, net income was $48.5 million and Pro Forma Adjusted EBITDA reached $211.1 million. Kinetik issued guidance for 2023 Adjusted EBITDA between $800 million and $860 million, projecting a 15% increase in processed gas volumes. The company announced a $100 million share repurchase program and is expanding its operations into Lea County, New Mexico, underpinned by a long-term gathering agreement. Capital expenditures for 2023 are estimated at $490 million to $540 million.
Kinetik Holdings Inc. (NYSE: KNTK) announced a cash dividend of $0.75 per share, amounting to $3.00 annually, for Q4 2022. This dividend aligns with previous communications and will be paid on February 16, 2023, to shareholders on record as of February 6, 2023. A conference call to discuss Q4 results is scheduled for February 28, 2023, at 8:00 AM CST. Kinetik also offers a Dividend Reinvestment Plan (DRIP), where major stakeholders are reinvesting their dividends. Full details are available on their website.
Kinetik Holdings reported a strong third quarter for 2022, achieving a net income of $49.4 million and an Adjusted EBITDA of $212.4 million. The company processed a record 1.2 Bcf/d of natural gas. Kinetik has reaffirmed its 2022 guidance for Pro Forma Adjusted EBITDA of $820 to $840 million and capital expenditures of $280 to $300 million. The acquisition of the Brandywine NGL pipeline enhances Kinetik's system. Kinetik declared a quarterly dividend of $0.75 per share, with a significant number of shares reinvested.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced a cash dividend of $0.75 per share for the third quarter ending September 30, 2022, consistent with prior announcements. This equates to an annualized dividend of $3.00 and will be paid on November 17, 2022. Shareholders of record by the market close on November 7, 2022 will receive this payment. The company will release its third-quarter earnings on November 9, 2022, followed by a conference call on November 10, 2022. Kinetik also has a Dividend Reinvestment Plan (DRIP) in place to allow shareholders to reinvest dividends into additional shares.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced its transfer of Class A Common Stock to the New York Stock Exchange (NYSE) from Nasdaq. Trading on NYSE will commence on October 24, 2022, under the existing ticker symbol 'KNTK.' Until October 21, 2022, Kinetik's shares will continue trading on Nasdaq before being delisted. The CEO, Jamie Welch, and management will commemorate the listing by ringing the NYSE opening bell, also marking the one-year anniversary of Kinetik's formation from a business combination of Altus Midstream Company and BCP Raptor Holdco LP.
Kinetik Holdings Inc. (NASDAQ: KNTK) has revised its 2022 Pro Forma Adjusted EBITDA guidance upwards to $820 million to $840 million, reflecting a 5% increase. The company completed a $3.0 billion sustainability-linked refinancing, retiring all existing debt, and issued a new $1.25 billion revolving credit facility. The Permian Highway Pipeline expansion has been greenlit, with completion expected by November 2023. Kinetik processed natural gas volumes of 1.16 Bcf/d for Q2 2022, reporting net income of $131.4 million and Pro Forma Free Cash Flow of $127 million for the same period.
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Kinetik Holdings declared a cash dividend of $0.75 per share for Q2 2022, aligning with prior communications. The annualized total is $3.00 and will be paid on August 17, 2022, to shareholders recorded by close on August 5, 2022. The company will hold a conference call on August 10, 2022, at 8:00 am CDT to discuss second quarter results. Kinetik also completed the accelerated redemption of its Series A Preferred, further enhancing cash flow. A Dividend Reinvestment Plan is in place, with significant reinvestment from major stakeholders.