From Yahoo Finance · · 1m 20s
Kinetik's Record Quarter Boosts 2027 Expansion Plans
Kinetik's record quarter sets 2027 expansion bets with $260m project.
In brief
Kinetik's record quarter sets 2027 expansion bets with $260m project. Kinetik raised 2026 guidance to $1.04bn-1.1bn Adjusted EBITDA after record quarter with 2027-2028 projects. Originally reported by Yahoo Finance.
Kinetik Reports Record Quarterly Results
Kinetik Holdings Inc. posted $123.1 million net income and $280.8 million Adjusted EBITDA for Q2 2026.
Midstream Segment Grew 35% YoY
Midstream Logistics segment grew Adjusted EBITDA 35% year over year to $204.8 million despite flat gas volumes.
Kings Landing II Project Announced
Kinetik finalized $260 million Kings Landing II project to boost sour gas processing capacity to 700 MMcf/d by mid-2028.
2027 Expansion Access Secured
Kinetik locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements.
2026 Guidance Raised 7%
Kinetik raised full-year 2026 Adjusted EBITDA guidance to $1.04 billion to $1.1 billion, a 7% bump from February.
Pipeline Transportation Segment Slowed
Pipeline Transportation segment posted $83.0 million Adjusted EBITDA, down 14% year over year due to last year's EPIC Crude Holdings divestiture.
Waha Pricing Turns Negative
Kinetik models Waha Hub natural gas at negative $0.26 per MMBtu for the full year, making gas movement costly.
2027 Capital Expenditure Plan
Kinetik raised 2026 capital expenditure guidance to $560 million for Kings Landing II and accelerated expansion projects.
Here's the gist
Kinetik raised 2026 guidance to $1.04bn-1.1bn Adjusted EBITDA after record quarter with 2027-2028 projects.
