Kinetik Q2 EBITDA Jumps 16%, Lifts 2026 Outlook to $1.04B-$1.1B
KNTK sits 57% above its 52-week low of $31.33.
Summary
Kinetik posted record Q2 Adjusted EBITDA, up 16% year-over-year, driven by a 35% surge in Midstream Logistics. The company raised full-year 2026 Adjusted EBITDA guidance to $1.04B-$1.1B and lifted capex expectations to about $560M, signaling confidence in sustained momentum. Pipeline Transportation EBITDA fell 14% due to the EPIC Crude divestiture, partially offset by improved margins on remaining assets. This follows a Q1 net loss reported in May, making the strong Q2 rebound and raised outlook a material positive shift. The stock trades at 38x forward earnings with a median analyst target of $52, suggesting room to run if execution continues.
At the time of this announcement, KNTK was trading at $49.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $31.33 to $52.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.