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AI brief of an SEC Form 8-K · Kinetik Holdings (KNTK)

Kinetik Q1 2026: Adjusted EBITDA rises to $251.2 million; GAAP net loss of $5.1 million

Mixed Impact 3 of 5 earnings Written later

Kinetik reported a first-quarter 2026 net loss including noncontrolling interest of $5.1 million, compared with net income of $19.3 million a year earlier, on total operating revenues of $410.0 million, down from $443.3 million. Adjusted EBITDA, a non-GAAP measure, rose slightly to $251.2 million, and the company affirmed its full-year 2026 Adjusted EBITDA guidance of $950 million to $1,050 million, so shareholders see mixed headline results with unchanged outlook.

Key points

  • Net loss including noncontrolling interest was $5.1 million, or diluted loss of $0.07 per Class A share, versus diluted earnings of $0.05 per share in Q1 2025.
  • Adjusted EBITDA was $251.2 million, up from $250.0 million; Distributable Cash Flow was $180.8 million, up from $157.0 million.
  • Total operating revenues fell to $410.0 million from $443.3 million; Pipeline Transportation Adjusted EBITDA fell about 17% year-over-year due to the EPIC Crude divestiture.
  • 2026 guidance affirmed: Adjusted EBITDA of $950 million to $1,050 million and capital expenditures of $450 million to $510 million; processed gas volume growth now estimated at low- to mid-single-digit percentages.

The filing

CompanyKinetik Holdings (KNTK)
Form8-K, current report
Filed with the SECMay 6, 2026, 5:43 PM ET
Accession number0001692787-26-000089

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 May 06, 2026.

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.