Kinetik ( (KNTK) ) has released its Q2 earnings. Here is a breakdown of the information Kinetik presented to its investors.
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Kinetik Holdings Inc. is a fully integrated midstream company operating in the Delaware Basin, providing gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water, with headquarters in Houston and Midland, Texas.
In its second quarter of 2025 financial report, Kinetik announced a net income of $74.4 million and an Adjusted EBITDA of $242.9 million. The company also commenced commissioning at the Kings Landing Complex, with full commercial service expected by late September 2025, and updated its full-year 2025 Adjusted EBITDA guidance to a range of $1.03 billion to $1.09 billion.
Key financial highlights for Kinetik include a notable increase in processed gas volumes by 11% year-over-year, despite facing lower commodity pricing and higher operating costs. The company reported Distributable Cash Flow of $153.3 million and Free Cash Flow of $7.9 million for the quarter. Additionally, Kinetik began construction on the ECCC Pipeline, aiming to enhance gas takeaway capacity for the Delaware North system.
Looking ahead, Kinetik’s management remains optimistic about the company’s growth prospects, emphasizing the anticipated benefits from the full in-service of Kings Landing and the resumption of curtailed production. The company continues to explore synergistic commercial opportunities that align with its existing operations, projecting substantial processed gas volume growth into 2026.