Kinetik Holdings reports Q1 EPS 5c, consensus 32c

Reports Q1 revenue $443.26M, consensus $438.77M. “The start to 2025 has been marked with early successes, macroeconomic uncertainty, and the prospect of exciting potential opportunities,” said Jamie Welch, Kinetik’s President & Chief Executive Officer. “Despite winter weather and the recent, elevated volatility, Kinetik is pleased to report another solid quarter that slightly exceeded our internal estimates. Adjusted EBITDA1 of $250 million represents a 7% increase year-over-year driven by growth in processed gas volumes and margin expansion in the Midstream Logistics segment. Processed gas volumes were up sequentially, largely driven by the return to production at Alpine High.”