Kinetik Q2 FY26 net income rises to $123.11 million; Adjusted EBITDA climbs to $280.78 million
KNTK•Outlook and capital spending
- Kinetik raised its full-year 2026 adjusted EBITDA (non-GAAP) outlook to USD 1.04 billion-USD 1.1 billion.
- Capital expenditures guidance was lifted to about USD 560 million.
Quarterly results and operating metrics
- Kinetik posted Q2 2026 net income (GAAP) of USD 123.1 million; adjusted EBITDA (non-GAAP) rose 15.58% to USD 280.8 million.
- Revenue climbed 36.25% to USD 581.4 million; free cash flow (non-GAAP) more than doubled to USD 105.2 million.
- Midstream Logistics adjusted EBITDA (non-GAAP) increased 35% to USD 204.8 million; Pipeline Transportation adjusted EBITDA slipped 14% to USD 83 million.
- Processed gas volumes totaled 1.74 Bcf/d, flat year-over-year, despite an estimated 250 MMcf/d of Waha price-related shut-ins.
