Kinetik Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 Adjusted EBITDA $278.1 million, Distributable Cash Flow $213.7 million
- ➤Record processed gas volumes reached 1.94 Bcf/d
- ➤2026 Adjusted EBITDA expected at high end of $1.04 billion-$1.1 billion guidance
- ➤Kings Landing II capacity increased more than 25% to 380 MMcf/d
- ➤ECCC Pipeline expansion FID targets roughly 50% higher capacity, approximately 225 MMcf/d
Expert Statements
Jamie Welch, President & Chief Executive Officer of Kinetik
“Kinetik delivered another strong quarter with record processed gas volumes underscoring the strength and increasing scale of our business. As our strategic growth projects come online and processed gas volumes continue to increase, our financial performance is increasingly driven by durable, repeatable earnings.”
Jamie Welch, President & Chief Executive Officer of Kinetik
“The momentum we have built throughout the year has continued into the fourth quarter. Producer activity remains strong, processed gas volumes are tracking toward our approximately 2.2 Bcf/d fourth quarter 2026 target, and margins and costs continue to outperform our internal budget expectations.”
Jamie Welch, President & Chief Executive Officer of Kinetik
“Our confidence in the long-term outlook for the Permian Basin has never been stronger. Producers are demonstrating success delineating new benches — which tend to have higher gas-to-oil ratios — making plays like the Woodford, Avalon, First Bone Spring, and Penn Shale more expansive throughout the Delaware Basin, a trend directly playing to Kinetik's strengths. Demand for gathering, processing, and treating capacity is outpacing existing infrastructure in many areas, reinforcing the strategic value of integrated systems. At the same time, more than 13 Bcf/d of incremental takeaway capacity is expected to come online between 2028 and 2030, which we believe will unlock the next wave of producer activity, substantially improve residue gas egress, and reduce Waha price volatility.”
Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial and operating results for the quarter ended September 30, 2026.
Kinetik reported net income including noncontrolling interest of $50.9 million and $168.9 million for the three and nine months ended September 30, 2026, respectively. Kinetik generated Adjusted EBITDA(1) of $278.1 million and $810.1 million, Distributable Cash Flow(1) of $213.7 million and $589.5 million, and Free Cash Flow(1) of $87.5 million and $294.1 million for the three and nine months ended September 30, 2026, respectively.
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