KNTK News and Press, Kinetik Holdings Inc. From 05/03/23

Generated first quarter net income of $4.3 million and Adjusted EBITDA 1 of $187.5 million Kinetik is tracking at the higher-end of its 2023 Adjusted EBITDA 1 Guidance range of $800 million to $860 million 2023 Capital Expenditures trending to the upper-end of the Company’s...

2023-04-21 11:32:10 ET NuStar Energy ( NYSE: NS ) edges higher in Friday's trading as Raymond James upgraded the stock to Outperform from Market Perform with a $20 price target, citing "continued leverage to inflation dynamics, solid-enough core volumes, and an attractive valuat...

Kinetik Holdings Inc. (NYSE: KNTK) (“ Kinetik ” or the “ Company ”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the first quarter ended March 31, 2023. The announced quarterly dividend is consistent with prior communicatio...

2023-04-04 04:48:52 ET Summary Genesis Energy's results continue to exceed expectations with another "beat and raise" quarter. By 2025, Genesis Energy should have enough free cash flow to pay a $2/unit distribution and retire $300 million a year in debt or preferred equity. So...

2023-03-26 08:08:49 ET Summary Given the current uncertainty, I believe high-quality, favorably valued, and low-risk investments warrant increased attention. Some midstream energy companies boast durable revenue, profitability, and well-supported high dividend yields. 35 midst...

2023-03-24 07:56:00 ET Summary Public and private producers are parting ways in the Permian Basin. Led by Exxon Mobil, public companies have been steadily adding rigs in. The divergence in upstream behavior is affecting individual G&P systems and, depending on the producer...

2023-03-22 04:55:44 ET Summary Major projects are on track to be fully operational by November 2023, but the Gulf Coast Express expansion may not happen soon. Kinetik Holdings recently added a project to increase its natural gas gathering presence in New Mexico. The possible s...

Kinetik Holdings, Inc. (KNTK) Q4 2022 Earnings Conference Call February 28, 2023, 09:00 ET Company Participants Maddie Wagner - Director, IR Jamie Welch - CEO, CFO, President & Director Matthew Wall - EVP & COO Trevor Howard - VP, Finance Chris Kendrick...

Kinetik press release ( NYSE: KNTK ): Q4 Non-GAAP EPS of $1.48 beats by $1.00 . Revenue of $3.69B (+1643.9% Y/Y) beats by $3.43B . For further details see: Kinetik Non-GAAP EPS of $1.48 beats by $1.00, revenue of $3.69B beats by $3.43B

Generated fourth quarter 2022 net income 1 of $48.5 million and Pro Forma Adjusted EBITDA 2,3,4 of $211.1 million Reported full year 2022 net income 1 of $250.7 million, Pro Forma Adjusted EBITDA 2,3,4 of $822.2 million, and Capital Expenditures 5 of $284.0 million Iss...