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Kinetik Reports Fourth Quarter and Record Full Year 2024 Financial and Operating Results and Provides 2025 Guidance

1. Kinetik reported net income of $244.2 million for 2024. 2. The company generated Adjusted EBITDA of $971.1 million.

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$58.4302/26 05:14 PM EDTEvent Start
$56.0302/27 11:46 PM EDTLatest Updated
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Why Bullish?

The strong financial results indicate solid operational performance, which historically supports stock price increases. Previous earnings announcements have led to positive investor sentiment and price appreciation for KNTK.

How important is it?

The financial results are crucial indicators of Kinetik's performance, likely influencing investor confidence and stock price. Strong earnings often lead to an increased likelihood of dividends or reinvestment in growth, which is positive for investors.

Why Short Term?

Immediate reactions to quarterly results usually manifest soon after announcements. There is potential for short-term price movements based on investor sentiment following this news.

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ETWMBOKE
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2024. 2024 Results and Commentary For the three and twelve months ended December 31, 2024, Kinetik reported net income including non-controlling interest of $16.2 million and $244.2 million, respectively. Kinetik generated Adjusted EBITDA1 of $237.5 million and $971.1 million, Distributable Cash Flow1 of $155.4 mi.

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