Kinetik Holdings Inc.: Strategic Market Positioning Through PHP Capacity! 

Kinetik reported a strong start to the year, surpassing its own internal expectations and signaling robust growth prospects for 2024. In Q1, Kinetik recorded an adjusted EBITDA of $234 million, marking a 25% increase year-over-year. This positive performance was primarily driven by volume growth, leveraging contributions from the Permian Highway Pipeline (PHP) expansion, and the Delaware Link. Although gas processing volumes slightly dropped due to planned maintenance, the year-over-year growth has been significant at 13%, indicative of underlying robust operational capabilities.