Kinetik Holdings (KNTK) reported Q1 earnings late Wednesday of $0.05 per diluted share, down from $0.12 a year earlier.
Analysts polled by FactSet expected $0.31.
Revenue for the quarter ended March 31 was $443.3 million, up from $341.4 million a year earlier.
Four analysts surveyed by FactSet expected $438.8 million.
The company affirmed full-year 2025 adjusted earnings before interest, taxes, depreciation and amortization outlook of $1.09 billion to $1.15 billion. Analysts polled by FactSet expect $1.11 billion.
Kinetik said its board authorized an increase to its existing share repurchase program to $500 million.
Shares of the company were up nearly 1.3% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.