Kinetik Reports Fourth Quarter and Full Year 2025 Financial and Operating Results and Provides 2026 Financial Guidance

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[{"type":"text","content":" HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--\nKinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended December 31, 2025.\n\n\nKinetik reported net income including noncontrolling interest of $416.7 million and $525.9 million for the three and twelve months ended December 31, 2025, respectively. Kinetik generated Adjusted EBITDA1 of $252.1 million and $987.7 million, Distributable Cash Flow1 of $151.7 million and $620.5 million, and Free Cash Flow1 of $(12.0) million and $167.2 million for the three and twelve months ended December 31, 2025, respectively.\n\n\nHighlights\n\n\n\nGenerated record full year Adjusted EBITDA1 of $987.7 million, despite a challenging operating environment and the sale of the Company’s equity interest in EPIC Crude Holdings, LP (“EPIC Crude”)\n\n\n\nAmended gas gathering and processing (“G&P”) agreements with the two largest customers from the legacy Durango Midstream business in New Mexico that extend the terms into the mid-2030s and increase Adjusted EBITDA1 beginning in 2026 with fixed-fee structures, the addition of treating fees, and control of residue gas and natural gas liquids\n\n\n\nReached final investment decision (“FID”) on the behind-the-meter, gas-fired 40 MW power generation project at the Diamond Cryo facility (“Diamond Cryo”) in Texas\n\n\n\nIssuing full year 2026 Financial Guidance (“2026 Guidance”):\n\n\nAdjusted EBITDA1 guidance of $950 million to $1,050 million, a 7% increase year-over-year at the midpoint2\n\n\n\nCapital Expenditures3 guidance of $450 million to $510 million (including maintenance)\n\n\n\n\n\n\nUpdated the Company’s Capital Allocation framework to prioritize growth-oriented, scale-driven reinvestment while preserving balance sheet flexibility\n\n\n\nCEO Commentary\n\n\n“2025 was a year of challenges and strategic progress for Kinetik as we navigated a difficult operating environment,” said Jamie Welch, Kinetik’s President & Chief Executive Officer.\n\n\n“Throughout the year, we advanced several core initiatives, including the commercial in-service of the Kings Landing Processing Complex (“Kings Landing”), the ongoing construction of the ECCC Pipeline, the divestiture of our equity interest in EPIC Crude, and continued commercial progress with our significant customer base – further strengthening the lon...

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