---
title: "Kinetik outlines $950M-$1.05B 2026 adjusted EBITDA range as Waha curtailments rise to ~220 MMcf/d"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285701840.md"
description: "Kinetik (KNTK) reported record earnings in Q1 2026, with adjusted EBITDA of $251 million. CEO Jamie Welch highlighted a significant contract amendment in New Mexico and strong commercial momentum for processing capacity expansion. CFO Trevor Howard reaffirmed the 2026 adjusted EBITDA guidance of $950M-$1.05B, factoring in average curtailments of 220 MMcf/d. The Midstream Logistics segment led performance with $179 million in adjusted EBITDA, while Pipeline Transportation saw a decline due to lower throughput. Kinetik ended the quarter with a leverage ratio of 3.9x and expects capital expenditures of $450M-$510M for 2026."
datetime: "2026-05-08T10:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285701840.md)
  - [en](https://longbridge.com/en/news/285701840.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285701840.md)
---

# Kinetik outlines $950M-$1.05B 2026 adjusted EBITDA range as Waha curtailments rise to ~220 MMcf/d

Earnings Call Insights: Kinetik (KNTK) Q1 2026 Management View "Kinetik delivered record earnings in the first quarter," said CEO Jamie Welch, adding, "We've seen strong conversion of opportunities into new and amended agreements across both Texas and New Mexico" (President, CEO & Director Jamie Welch). Welch highlighted a major New Mexico amendmen...

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