# Kinetik's Record Quarter Boosts 2027 Expansion Plans

> Kinetik's record quarter sets 2027 expansion bets with $260m project.
- Title: Kinetik's Record Quarter Boosts 2027 Expansion Plans
- Summary: 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…
- Keywords: kinetik, kinetik holdings, permian, midstream, kings landing ii, eccc pipeline, 2027 expansion, adjusted ebida, business, finance, Kinetik's, Record
- Source: Yahoo Finance — https://finance.yahoo.com/markets/stocks/articles/kinetik-kntk-record-quarter-sets-152943083.html
- Published: 2026-09-16T15:29:43+00:00
- Read time: 1 min
- Topics: kinetik, kinetik holdings, permian, midstream, kings landing ii, eccc pipeline, 2027 expansion, adjusted ebida, business, 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.
## Key takeaway

Kinetik raised 2026 guidance to $1.04bn-1.1bn Adjusted EBITDA after record quarter with 2027-2028 projects.