NYSE$KNTK
Kinetik Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Kinetik reported strong inaugural quarterly results, completed the Altus Midstream Company and BCP Raptor Holdco LP business combination, and enhanced free cash flow.
Kinetik Holdings Inc. reported strong first-quarter results, driven by increased volumes across both the Midstream Logistics and Pipeline Transportation segments and higher commodity prices. The company generated Pro Forma Adjusted EBITDA of $191 million and net income of $21.4 million.
- Completed the Altus Midstream Company and BCP Raptor Holdco LP business combination on February 22, 2022.
- Secured two new gathering and processing agreements with large cap, investment grade counterparties for 360 MMcf/d, underpinned by minimum volume commitments.
- Announced Permian Highway Pipeline expansion binding open season and anticipate a Gulf Coast Express expansion open season will soon follow.
- Strong operating performance and financial discipline enhanced free cash flow, enabling the redemption of another 10% of the outstanding Series A Preferred Units.
Headline financials
Revenue & EPS history
Kinetik · Revenue · Quarterly
$257M
Forward guidance
Kinetik expects to exceed the top end of its previously announced 2022 Guidance range and intends to update its 2022 Guidance in the second quarter.
Tailwinds
- Expect to exceed the top end of Kinetik’s previously announced 2022 Guidance range.
- Implied year on year EBITDA growth exceeds 15% at the high-end of Guidance.
- Intend to update 2022 Guidance in the second quarter.
- Secured two new gathering and processing agreements with large cap, investment grade counterparties for 360 MMcf/d, underpinned by minimum volume commitments.
- Expect to undertake a comprehensive refinancing of its legacy indebtedness during the second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+4.6%
Avg return
Earnings day
+6.3%
Avg return
5 days after
+11.0%
Avg return
30 days after
37%
13 / 35 earnings
Positive
+208.5%
Q3 2020
Best reaction
-15.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | +1.3% | -6.7% | |
| Q4 2025 | +8.0% | +6.7% | +11.7% | |
| Q3 2025 | -8.0% | -6.2% | -1.2% | |
| Q1 2025 | +5.0% | +11.5% | +9.2% | |
| Q4 2024 | -4.1% | -6.1% | -12.3% | |
| Q3 2024 | +12.9% | +15.1% | +16.4% | |
| Q2 2024 | +2.2% | +0.9% | +9.0% | |
| Q1 2024 | -0.6% | +1.4% | +1.7% | |
| Q4 2023 | +6.5% | +5.2% | +20.2% | |
| Q3 2023 | -3.1% | -1.3% | -2.8% | |
| Q2 2023 | -2.4% | +0.1% | -6.5% | |
| Q1 2023 | -7.0% | +0.8% | +11.1% | |
| Q4 2022 | +1.6% | +7.4% | +5.5% | |
| Q3 2022 | -5.7% | -6.8% | -14.7% | |
| Q2 2022 | -2.4% | -1.1% | -9.5% | |
| Q1 2022 | +5.1% | +8.5% | +23.6% | |
| Q4 2021 | -6.0% | -1.7% | +4.6% | |
| Q3 2021 | +1.4% | +4.9% | +5.9% | |
| Q2 2021 | -1.2% | +0.9% | -1.2% | |
| Q1 2021 | -2.8% | +0.5% | +2.2% | |
| Q4 2020 | -0.6% | -8.4% | -4.5% | |
| Q3 2020 | +208.5% | +236.2% | +402.1% | |
| Q2 2020 | +18.0% | +19.2% | +5.0% | |
| Q1 2020 | -0.8% | -7.6% | +43.9% | |
| Q2 2019 | -15.3% | -23.7% | -44.9% | |
| Q4 2019 | -14.8% | -14.8% | -66.3% | |
| Q3 2019 | -4.3% | +0.4% | -16.1% | |
| Q1 2019 | +1.2% | -1.4% | -10.9% | |
| Q4 2018 | -9.3% | -8.5% | -3.6% | |
| Q2 2018 | -9.3% | -8.5% | -3.6% | |
| Q4 2017 | -9.3% | -31.3% | -26.5% | |
| Q3 2018 | -0.6% | — | — | |
| Q1 2018 | -0.9% | — | — | |
| Q2 2017 | +0.4% | — | — | |
| Q3 2017 | -0.1% | — | — | |
| Q1 2017 | — | — | — |
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