Earnings Call Summary | Kinetik Holdings(KNTK.US) Q1 2024 Earnings Conference
Earnings Call Summary | Kinetik Holdings(KNTK.US) Q1 2024 Earnings Conference
The following is a summary of the Kinetik Holdings Inc. (KNTK) Q1 2024 Earnings Call Transcript:
以下是Kinetik Holdings Inc.（KNTK）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Kinetik reported Q1 adjusted EBITDA of $234 million, marking a 25% increase YoY due to underlying volume growth and contributions from new pipeline expansion projects.
Processed gas volumes hit 1.53 billion cubic feet per day, a 13% YoY growth.
The Midstream Logistics segment reported a 20% YoY increase in Q1 adjusted EBITDA to $143 million.
The Pipeline Transportation segment marked a 32% YoY increase in Q1 adjusted EBITDA to $96 million.
Kinetik報告稱，第一季度調整後的息稅折舊攤銷前利潤爲2.34億美元，同比增長25％，這要歸因於基礎銷量增長和新管道擴建項目的貢獻。
加工天然氣量達到每天15.3億立方英尺，同比增長13％。
中游物流板塊報告稱，第一季度調整後的息稅折舊攤銷前利潤同比增長20％，至1.43億美元。
管道運輸板塊在第一季度調整後的息稅折舊攤銷前利潤同比增長32％，至9,600萬美元。
Business Progress:
業務進展：
Maintenance projects at Diamond Cryo East Toya and Pecos Bend processing facilities were completed, intended to improve plant recoveries and system efficiencies.
Kinetik finished a system-wide front-end amine treating project for enhanced blending and treating capabilities. This will allow acceptance of gas that previously didn't meet quality specifications.
Expansion into Lee County, New Mexico, resulted in volumes well above the expected threshold, positioning Kinetik for more market share.
The secondary offering completion boosted Kinetik's public float to approximately $1.5 billion and quadrupled their average daily trading volume.
A landmark deal with Infinium enables Kinetik to sell captured carbon dioxide for use in making ultra-low carbon eFuels, introducing a new revenue stream and pushing sustainability initiatives.
With project volumes expected to increase through the year, Kinetik anticipates growth opportunities in sour gas treatment and extraction.
Through an agreement with Infinium, Kinetik is turning its greenhouse emissions into a revenue stream at zero capital cost, and exploring similar opportunities.
Kinetik is focusing on TIL activity in Q2 with available space on the Permian Highway Pipeline (PHP) and increasing customer requests for assistance.
Both organic and inorganic growth opportunities are being considered, though execution of its current capital program remains a priority.
Diamond Cryo East Toya和Pecos Bend加工設施的維護項目已經完成，旨在提高工廠回收率和系統效率。
Kinetik 完成了一個全系統的前端胺處理項目，以增強混合和處理能力。這將允許接受以前不符合質量規格的天然氣。
向新墨西哥州李縣的擴張使銷量遠高於預期門檻，這使Kinetik獲得了更多的市場份額。
二次發行的完成使Kinetik的公開持股量達到約15億美元，平均每日交易量增長了四倍。
與Infinium達成的具有里程碑意義的協議使Kinetik能夠出售捕獲的二氧化碳用於製造超低碳電子燃料，引入新的收入來源並推動可持續發展計劃。
預計全年項目量將增加，Kinetik預計酸性氣體處理和開採將帶來增長機會。
通過與Infinium的協議，Kinetik正在將其溫室氣體排放轉化爲零資本成本的收入來源，並探索類似的機會。
Kinetik將重點放在第二季度的TIL活動上，二疊紀公路管道（PHP）上有可用空間，客戶的援助請求也越來越多。
儘管執行其當前資本計劃仍然是當務之急，但正在考慮有機和無機增長機會。
More details: Kinetik Holdings IR
更多詳情： Kinetik 控股投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。