KNTK · Kinetik Holdings Inc.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Kinetik reported record Q2 2026 results, with adjusted EBITDA of $280.8 million and raised full-year 2026 adjusted EBITDA guidance to $1.04–$1.10 billion (up 7% at the midpoint), while also raising 2026 capex guidance to approximately $560 million to fund King's Landing II and accelerated customer-driven growth.
- + Reported record Q2 2026 results with adjusted EBITDA of $280.8 million and distributable cash flow of $194.9 million
- + Raised full-year 2026 adjusted EBITDA guidance to $1.04–$1.10 billion, a 7% increase at the midpoint
- + Midstream Logistics adjusted EBITDA grew 35% year-over-year to $204.8 million despite ~250 MMcf/d of Waha-related curtailments
- + Secured incremental firm Gulf Coast residue gas access for 2027 and signed new residue/NGL transport agreements supporting Delaware North complexes
- − Pipeline Transportation adjusted EBITDA fell 14% year-over-year to $83.0 million due to the EPIC Crude divestiture
- − Raised 2026 capital expenditures guidance to approximately $560 million, driven by KLII, accelerated customer development, and supply chain/right-of-way prep
- − Waha natural gas pricing remains well below original February guidance assumptions and Gulf Coast marketing gains are expected to moderate in 2H 2026
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 531.98M | Six Months Ended June 30, 2026 | — |
| Capital expenditure | 110.48M | the three months ended June 30, 2026 filing | — |
| Capital Expenditures non-GAAP | 197.35M | Six Months Ended June 30, 2026 | — |
| Corporate and Other Adjusted EBITDA non-GAAP | -12.68M | Six Months Ended June 30, 2026 | — |
| Distributable Cash Flow non-GAAP | 375.76M | Six Months Ended June 30, 2026 | — |
| Free Cash Flow non-GAAP | 206.58M | Six Months Ended June 30, 2026 | — |
| Growth capital expenditures non-GAAP | -171.32M | Six Months Ended June 30, 2026 | — |
| Liquidity (Cash and Revolver Availability) non-GAAP | 1.07B | As of June 30, 2026 | — |
| Maintenance capital expenditures non-GAAP | -28.18M | Six Months Ended June 30, 2026 | — |
| Midstream Logistics Adjusted EBITDA non-GAAP | 383.69M | Six Months Ended June 30, 2026 | — |
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| Net Debt non-GAAP | 3.94B | As of June 30, 2026 | — |
| Pipeline Transportation Adjusted EBITDA non-GAAP | 160.98M | Six Months Ended June 30, 2026 | — |
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| Proportionate EMI EBITDA non-GAAP | 74.88M | the three months ended June 30, 2026 filing | — |
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| Segment Adjusted EBITDA non-GAAP | $492.95M | For the Six Months Ended June 30, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KNTK
this stock
Kinetik Holdings Inc.
|
$8.32B | +45.7% | +8.2% | — | 3.7% |
|
ENB
Enbridge Inc
|
$102.08B | -3.9% | — | — | 0.8% |
|
WMB
Williams Companies, Inc.
|
$84.72B | +17.4% | +13.8% | 27.6 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$79.36B | +12.9% | -6.4% | 12.7 | 0.8% |
|
ET
Energy Transfer LP
|
$69.52B | +24.1% | +3.5% | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KNTK | +2.6% | -3.3% | +11.3% | +4.6% | +45.7% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +2.8% | -2.9% | -0.9% | +3.7% | +32.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.