Kinetik Holdings reports Q4 EPS $1.70, consensus 47c

Reports Q4 revenue $348.868M vs $295.493M last year. “2023 was a critical year for Kinetik as we executed upon highly strategic organic growth projects, key to our long-term vision,” said Jamie Welch, President and Chief Executive Officer. “We reported record volume growth each successive quarter, and exit-to-exit processed gas volumes grew by 22%. Our initiatives throughout 2023 have positioned us well for future growth with existing customers and market share capture in the Northern Delaware Basin. We have meaningfully increased our gas treating capabilities at our processing complexes and placed into service Delaware Link, the PHP expansion, and the gathering system expansion into Lea County, New Mexico. Today, we stand competitively advantaged with available processing capacity and a fully integrated ‘wellhead to Gulf Coast market’ natural gas transportation solution.”