05:33 PM EDT, 05/08/2024 (MT Newswires) -- Kinetik Holdings ( KNTK ) reported Q1 net income late Wednesday of $0.12 per diluted share, compared with the loss of $0.06 per share a year earlier.

Four analysts polled by Capital IQ expected GAAP earnings of $0.37 per share.

Operating revenue in the quarter ended March 31 rose to $341.4 million from $281 million a year earlier. Three analysts surveyed by Capital IQ expected $301.2 million.

The company's shares rose 2% in after-hours activity.

Price: 40.15, Change: +0.78, Percent Change: +1.98