Kinetik (KNTK)
NYSE:KNTK
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a confident and constructive tone: management reported record Q1 adjusted EBITDA, strong cash generation, meaningful commercial contract amendments, regulatory approvals and tangible progress on capital projects (King’s Landing AGI/sour conversion, ECCC pipeline, power interconnections). These positives are balanced against significant short‑term headwinds from extreme Waha price dislocation and materially higher-than-expected gas curtailments that reduced near‑term volume growth assumptions. Management has offset much of the near-term revenue impact through marketing spreads, hedges, and additional Gulf Coast exposure, affirmed full‑year adjusted EBITDA guidance, and emphasized structural long‑term tailwinds (new egress capacity, LNG contract, commercial momentum). Given the record results, balance‑sheet strength, project and contract progress and management’s articulated plans to mitigate Waha risk — despite meaningful short‑term volume and price challenges — the overall tone is constructive and resilient.Company Guidance
Record Q1 Adjusted EBITDA and Strong Cash Generation
Q1 adjusted EBITDA was a quarterly record of $251 million (above the high end of prior range). Distributable cash flow was $181 million and free cash flow was $101 million, demonstrating strong cash generation and liquidity.
Midstream Logistics Segment Outperformance
Midstream Logistics delivered record adjusted EBITDA of $179 million, up 12% year-over-year on essentially flat volumes, driven by Gulf Coast takeaway capacity, stronger-than-expected system operating performance, higher condensate/NGL recoveries and slightly lower unit operating costs.
Commercial Wins and Contract Amendments (Durango)
Completed a significant New Mexico contract amendment expanding dedicated acreage by ~25%, consolidating agreements and extending terms through 2039. ~75% of legacy Durango gas processing volumes have been amended in the last four months, increasing fee-based mix and long-term visibility; management estimates a modest 2026 EBITDA uplift (~1%–2% of base business) and a higher fee percentage versus the pre-acquisition ~60% fee / 40% commodity mix.
Regulatory Approvals and Sour Conversion Progress (King’s Landing)
Received all required BLM and NMOCD approvals to proceed with AGI and sour gas conversion for full 20 MMcf/d TAG capacity; long‑lead materials ordered, construction underway, first AGI well to be spud this summer. Project will provide total operational TAG capacity of 26.5 MMcf/d and permitted capacity >31 MMcf/d; phase one remains on track for in‑service by year‑end 2026.
Pipeline and Power Commercialization Momentum
Near-completion of ECCC pipeline (in‑service later this quarter) and progress on 40 MW behind‑the‑meter power at Diamond Cryer. Signed zero CapEx interconnection with Pecos Power and earlier CPV Basin Ranch interconnection — demonstrating a fee-based template to monetize residue gas as Permian power demand grows.
Hedging and Commodity Mark-to-Market Benefits
Management reports ~50% of transport spread exposure hedged in 2026; equity volume hedges ~75% for propane/butane and ~85% for crude and C5+. Mark-to-market estimate: ~+$20 million uplift to full‑year 2026 adjusted EBITDA at current forward commodity pricing (excluding Gulf Coast marketing spread).
Cost & Data Initiatives and Capital Discipline
Operating and G&A expenses tracking in line with budget; piloted Palantir in February to drive data-driven execution. Management progressing on operating cost reduction initiatives and insourcing opportunities to optimize cost structure for 2027+. 2026 CapEx guidance affirmed at $450M–$510M with Q1 CapEx of $91M.
Healthy Balance Sheet and Long-Term Takeaway Positioning
Leverage at 3.9x (within target) with ample revolver capacity. Company secured additional Gulf Coast transport exposure (beginning 2028) and an INEOS European LNG contract starting early 2027; management highlights >5 Bcf/d new Permian egress by early 2027 and an additional ~6 Bcf/d across 2028–29 as structural tailwinds for long‑term growth.
KNTK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KNTK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $48.22 | $48.50 | +0.58% |
Feb 25, 2026 | $42.78 | $46.21 | +8.02% |
Nov 05, 2025 | $35.97 | $33.04 | -8.14% |
Aug 06, 2025 | $39.26 | $39.25 | -0.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kinetik (KNTK) report earnings?
Kinetik (KNTK) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Kinetik (KNTK) earnings time?
Kinetik (KNTK) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNTK EPS forecast?
KNTK EPS forecast for the fiscal quarter 2026 (Q2) is 0.26.