NYSE$KNTK
Kinetik Holdings Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Altus Midstream reported second-quarter earnings, highlighting increased G&P volumes and revised upward 2021 G&P volumes and earnings guidance.
Altus Midstream Company reported a net income of $74 million for Q2 2021, which includes a $31 million non-cash unrealized gain. Adjusted EBITDA was $69 million. G&P throughput volumes averaged 447 MMcf per day, up 3% from the previous quarter.
- Achieved lower operating costs for the eighth consecutive quarter while activity increased.
- Gathering and processing (G&P) volumes increased, driven by new well connections.
- 2021 G&P volumes and earnings guidance revised upward.
- Altus Midstream was cash flow positive for the second consecutive quarter.
Headline financials
Revenue & EPS history
Kinetik · Revenue · Quarterly
$35.6M
Forward guidance
Altus Midstream has adjusted its annual guidance based on its strong performance in the first half of the year. Gathered volume outlook raised to 415-430 million cubic feet per day. Adjusted EBITDA new range is now $260 million to $270 million for the year.
Tailwinds
- Gathered volume outlook raised to 415-430 million cubic feet per day.
- Adjusted EBITDA new range is now $260 million to $270 million for the year.
- New wells recently brought online at Alpine High.
- Improved outlook for legacy production.
- Positioned to generate meaningful free cash flow for the remainder of the year.
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 Q2 2021
+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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