Kinetik reports record Q1 Adjusted EBITDA, extends major contracts to 2039

Filed May 7, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Extended contracts covering 75% of legacy Durango volumes to mid-to-late 2030s (through 2039 for major customer), adding 12,000 gross acres (25% increase) and sour gas services, materially de-risking revenue base.

  Exhibit 99.1 verify on EDGAR →
• high

  Delivered record Q1 Adjusted EBITDA of $251.2M (up from $250.0M prior year) and Free Cash Flow of $101.4M despite $5.1M net loss driven by $101.8M depreciation and $53.4M interest expense.

  Exhibit 99.1 verify on EDGAR →
• high

  Affirmed 2026 Adjusted EBITDA guidance of $950M-$1,050M despite doubling Waha curtailment estimate to 220 Mmcf/d; wider Permian-to-Gulf Coast differentials and Gulf Coast positioning offset volume headwinds.

  Exhibit 99.1 verify on EDGAR →