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Kinetik Holdings Q3 revenue beats on record gas volumes

By Reuters News


Overview

  • US midstream energy firm's Q3 revenue rose and beat analyst expectations

  • Adjusted EBITDA increased, driven by record processed gas volumes

  • Company expects 2026 Adjusted EBITDA at high end of guidance range


Outlook

  • Kinetik sees 2026 adj EBITDA at high end of $1.04 bln-$1.1 bln range

  • Company expects 2026 capital expenditures to be about 5% below $560 mln guidance

  • Kinetik expects Q4 2026 processed gas volumes to reach about 2.2 Bcf/d


Result Drivers

  • RECORD GAS VOLUMES - Co said Q3 results were driven by record processed gas volumes and strong system operating performance

  • STRONGER WELL RESULTS - Co said higher gathering and processing fees benefited from stronger-than-expected well results and commodity prices

  • FAVORABLE COMMODITY MARGINS - Co said Q3 benefited from favorable commodity margins, partly offset by lower residue gas marketing contributions


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$569.40 mln

$542.27 mln (7 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas transportation services peer group is "buy"

  • Wall Street's median 12-month price target for Kinetik Holdings Inc. is $58.00, about 13.3% above its November 4 closing price of $51.17

  • The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 39 three months ago


Reuters Recommended Reads

  • Nov 4 - Western Midstream Q3 adjusted EBITDA rises 12% on record gas throughput

  • Nov 3 - Energy Transfer's Q3 revenue jumps 86%, beats estimates

  • Nov 3 - MPLX Q3 adjusted EBITDA slightly beats estimates on natgas, NGL growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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