KNTK Kinetik (KNTK) Q1 FY26 earnings call
Kinetik delivered record Q1 FY26 earnings, primarily driven by strong marketing gains and operational execution, which offset significant Waha price-related production shut-ins. The company is actively managing the challenging near-term gas price environment through strategic Gulf Coast takeaway capacity and contract amendments, while maintaining its full-year adjusted EBITDA guidance. Management remains confident in its multiyear plan, with a focus on disciplined commercial conversion, reliable operational execution, and conservative financial stewardship.
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KNTK operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Curtailed gas volumes | ~170M cf/dSpread-based marketing gains have more than offset approximately 170 million cubic feet per day of Waha price-related production shut-ins in the quarter, converting what would have been a volume headwind into a margin tailwind.Source: earnings call transcript | 250M cf/dProcessed natural gas volumes were 1.74 billion cubic feet per day, flat year-over-year despite an estimated 250 million cubic feet per day of Waha price-related curtailments.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.