Kinetik Reports Q3 2026 Results, $278.1 Million Adjusted EBITDA

What happened

Kinetik reported third-quarter 2026 revenue of $569.4 million, net income of $50.9 million and Adjusted EBITDA of $278.1 million. Processed gas volumes reached a quarterly record of 1.94 Bcf/d. The company expects full-year Adjusted EBITDA at the high end of its guidance and capital spending about 5% below its $560 million guidance.

Confirmed

Global impact / market context

Higher reported revenue and income, together with record processed gas volumes, point to increased activity across Kinetik’s operations. Its expectation of full-year earnings near the top of guidance and lower capital spending than planned could leave more cash available, although results depend on future performance.

Analyst inference

Kinetik also said volumes are tracking toward an approximately 2.2 Bcf/d fourth-quarter target and increased planned Kings Landing II processing capacity by more than 25% to 380 MMcf/d. That project remains on track for mid-2028, linking future capacity growth to continued execution.

Confirmed

What to watch

1. Check whether fourth-quarter processed gas volumes reach the approximately 2.2 Bcf/d target, since delivered throughput would indicate how quickly the company is using available processing capacity. Analyst inference
2. Compare full-year Adjusted EBITDA with the guidance range’s high end and capital spending with the $560 million plan, including the stated expectation of about 5% less spending. Confirmed
3. Track Kings Landing II construction toward its mid-2028 schedule and 380 MMcf/d capacity, as delays or changes could shift when the planned processing capacity becomes available. Analyst inference

Evidence

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