Kinetik Q2 revenue rises to $426.7 million, but net income falls to $74.4 million
Kinetik reported second quarter 2025 results, with total operating revenues of $426.7 million, up from $359.5 million a year earlier, and Adjusted EBITDA of $242.9 million, up from $234.4 million. Net income including noncontrolling interest fell to $74.4 million from $108.9 million, and diluted earnings per share were $0.33 versus $0.54, so shareholders see higher sales alongside lower GAAP profit. The company updated its 2025 Adjusted EBITDA guidance to $1.03 billion to $1.09 billion and narrowed its capital guidance to $460 million to $530 million.
Key points
- Total operating revenues were $426.7 million versus $359.5 million in Q2 2024; net income including noncontrolling interest was $74.4 million versus $108.9 million.
- Diluted earnings per share attributable to Class A holders were $0.33 versus $0.54 in the prior-year quarter.
- 2025 Adjusted EBITDA guidance updated to $1.03 billion to $1.09 billion; full-year capital guidance narrowed to $460 million to $530 million.
- Kings Landing full commercial in-service is expected in late September 2025; Kinetik has repurchased $172.6 million of Class A stock year to date.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.