Business

Kinetik Reports Record First Quarter 2026 Financial Results

HOUSTON & MIDLAND, Texas, May 06, 2026--Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended March 31, 2026.

articleKinetik Holdings Inc.May 6, 202622/company/kinetik-holdings-inc/news/kinetik-reports-record-first-quarter-2026-financial-results
Kinetik Reports Record First Quarter 2026 Financial Results

About this update from Kinetik Holdings Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2649,"height":518,"url":"https://media.zenfs.com/en/business-wire.com/7c53be9b8c3d1b027394a4f0a8c063fa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cEyUut5lTkkMsS0n6OTeaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4OA--/https://media.zenfs.com/en/business-wire.com/7c53be9b8c3d1b027394a4f0a8c063fa","width":960,"height":188},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/erKM7sqfGLCimZ1OjMYFDw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00NzA-/https://media.zenfs.com/en/business-wire.com/7c53be9b8c3d1b027394a4f0a8c063fa","width":1200,"height":235}},"lazy":false},{"type":"text","content":"HOUSTON & MIDLAND, Texas, May 06, 2026--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended March 31, 2026.","length":215,"tagName":"p"},{"type":"text","content":"For the three months ended March 31, 2026, Kinetik reported net loss including noncontrolling interest of $5.1 million, Adjusted EBITDA1 of $251.2 million, Distributable Cash Flow1 of $180.8 million, and Free Cash Flow1 of $101.4 million.","length":238,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Delivered record first quarter 2026 financial results, driven by strong execution across the Company","length":100,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Amended multiple Durango gas gathering and processing agreements with a large existing customer, extending contract terms to 2039 and increasing the original dedicated acreage position in New Mexico","length":198,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Executed several new agreements with customers in Texas and New Mexico for gas, water, and crude midstream services","length":115,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Received approvals from the Bureau of Land Management and the New Mexico Oil Conservation Division to fully proceed with the acid gas injection and sour conversion project at Kings Landing with expected in-service by year-end 2026","length":230,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Secured additional Gulf C...

More updates from Kinetik Holdings Inc.

KinetikKinetik Holdings Inc.EBITDADistributable Cash