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

Kinetik Q3 Adjusted EBITDA rises to $278.1 million; 2026 EBITDA now seen at high end of range

Positive Impact 4 of 5 earnings

Kinetik reported third quarter 2026 results, with Adjusted EBITDA of $278.1 million, up from $242.6 million a year earlier, and net income including noncontrolling interest of $50.9 million, up from $15.5 million. The company now expects full year 2026 Adjusted EBITDA at the high end of its $1.04 billion to $1.1 billion guidance range and expects capital expenditures about 5% below its $560 million guidance.

Key points

  • Q3 2026 total operating revenues were $569.4 million, versus $464.0 million in Q3 2025; diluted EPS attributable to Class A holders was $0.26, versus $0.03
  • Midstream Logistics Adjusted EBITDA was $203.6 million, a 34% year-over-year increase; Pipeline Transportation Adjusted EBITDA fell 18% to $78.5 million, mainly due to the EPIC Crude Holdings divestiture
  • Free Cash Flow was $87.5 million for Q3 2026 versus $13.9 million a year earlier; Net Debt was $3.94 billion at September 30, 2026
  • The ECCC Pipeline expansion reached final investment decision, and the company expects in-service in mid-2027

The filing

CompanyKinetik Holdings (KNTK)
Form8-K, current report
Filed with the SECNov 4, 2026, 5:30 PM ET
Accession number0001692787-26-000142

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.