Overview

* Kinetik ( KNTK ) 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 ( KNTK ) 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/Mis Actual Consensu

s s

Estimate

Q2 Net $74.40

Income mln

Q2 $242.90

Adjusted mln

EBITDA

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 ( KNTK ) 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:

(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.)