Kinetik (KNTK) - 2024 Q1 - Quarterly Results
KNTKKinetik (KNTK)2024-05-09 08:20

Kinetik Reports First Quarter 2024 Financial and Operating Results • Generated first quarter net income of $35.4 million, representing a 724% increase year-over-year, and Adjusted EBITDA1 of $233.6 million, representing a 25% increase year-over-year • Achieved quarterly gas processed volumes of 1.53 Bcf/d, up 13% year-over-year and down less than 1% sequentially from impacts of planned maintenance, winter weather, and lower Alpine High volumes due to natural gas prices at Waha hub • Completed Kinetik’s syst ...