Kinetik Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 330.3 million compared to USD 325.18 million a year ago. Net income was USD 43.13 million compared to USD 49.42 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 1.04 a year ago.
For the nine months, revenue was USD 907.54 million compared to USD 918 million a year ago. Net income was USD 119.1 million compared to USD 202.26 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 1.24 a year ago.