Kinetik Reports Fourth Quarter and Full Year 2022 Financial and Operating Results and Provides 2023 Guidance
Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022.
- Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022.
- “We are extremely proud of the results we achieved in 2022,” said Jamie Welch, Kinetik’s Chief Executive Officer and President.
- At the same time, our full year 2022 Capital Expenditures5 were $284.0 million, near the bottom of our $280 million to $300 million revised guidance.
- As a result, our 2023 Guidance does not include the $70 million of commodity price benefits that we realized in 2022.