Kinetik Holdings, Inc. (NYSE:KNTK) Q1 2022 Results Conference Call May 11, 2022 9:00 AM ET

Company Participants

Maddie Wagner - Director, Investor Relations

Jamie Welch - President & Chief Executive Officer

Matt Wall - Chief Operating Officer

Annie Psencik - Chief Strategy Officer

Steve Stellato - Chief Administrative Officer

Todd Carpenter - General Counsel

Trevor Howard - VP, Finance

Kris Kindrick - VP, Commercial

Tyler Milam - VP, Commercial

Conference Call Participants

Spiro Dounis - Credit Suisse

Gabe Moreen - Mizuho

Neal Mitra - Bank of America

Operator

Hello everyone and welcome to the Kinetik First Quarter 2022 Earnings Call. My name is Sam and I will be operator for the call today. [Operator Instructions]

I would now like to hand the floor over to Maddie to begin. Please go ahead.

Maddie Wagner

Thank you. Good morning everyone, and welcome to Kinetik's first quarter 2022 earnings conference call. Here with me is our President and CEO Jamie Welch as well as Matt Wall our COO, and Annie Psencik, our Chief Strategy Officer; Steve Stellato, our CAO; Todd Carpenter, our GC; Trevor Howard, our VP of Finance and Kris Kindrick and Tyler Milam, our VPs of Commercial. The press release we issued yesterday, the slide presentation and access to the webcast for today's call are available at our website www.kinetik.com.

Before we begin, I would like to remind all listeners that, our remarks including the question-and-answer section, will provide forward-looking statements and actual results could differ from what is described in these statements. These statements are not guarantees of future performance and involve a number of risks and assumptions. We may also provide certain performance measures that do not conform to U.S. GAAP. We've provided schedules that reconcile these non-GAAP measures as part of our earnings press release. After our prepared remarks, we will open the call to Q&A.

With that, I will turn the call over to Jamie.

Jamie Welch

Thank you, Mattie. Good morning, everyone. Thanks for joining us. Thank you for your continued support of and interest in Kinetik. I'm pleased to be here this morning to review our first quarter 2022 achievements. This call today is important and an important milestone for us as it marks Kinetik inaugural results as a combined publicly traded company, following the Altus and BCP business combination in February.

We reported our first quarter 2022 results yesterday afternoon, and are pleased to share them with you this morning. It is worth highlighting that many of the figures today will be reported on a pro forma basis, assuming the business combination closed on January 1st of this year. We believe that is more effective of our actual results and provides our investors and others with more meaningful information and helps to reconcile our 2022 full year guidance.