KinetikKNTK
KNTK
About: Kinetik Holdings Inc is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines. The company operates in two reportable segments which include The Midstream Logistics segment operates under three service offerings, 1) gas gathering and processing, 2) crude oil gathering, stabilization, and storage services, and 3) produced water gathering and disposal. The Pipeline Transportation segment consists of three EMI pipelines originating in the Permian Basin with various access points to the U.S. Gulf Coast, Kinetik NGL Pipelines, and Delaware Link Pipeline.
Employees: 460
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
214% more call options, than puts
Call options by funds: $8.33M | Put options by funds: $2.65M
192% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 26
100% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 6 (+3) [Q4]
27% more capital invested
Capital invested by funds: $2.3B [Q3] → $2.93B (+$628M) [Q4]
20% more funds holding
Funds holding: 229 [Q3] → 275 (+46) [Q4]
18% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 78
1.35% more ownership
Funds ownership: 85.05% [Q3] → 86.4% (+1.35%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$58
42%
upside
Avg. target
$60
46%
upside
High target
$63
54%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Barclays Theresa Chen 33% 1-year accuracy 11 / 33 met price target | 42%upside $58 | Equal-Weight Maintained | 16 Apr 2025 |
RBC Capital Elvira Scotto 64% 1-year accuracy 21 / 33 met price target | 54%upside $63 | Outperform Maintained | 13 Mar 2025 |
Scotiabank Brandon Bingham 11% 1-year accuracy 1 / 9 met price target | 47%upside $60 | Sector Outperform Maintained | 6 Mar 2025 |
Wells Fargo Michael Blum 51% 1-year accuracy 18 / 35 met price target | 42%upside $58 | Equal-Weight Maintained | 28 Feb 2025 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Kinetik Prices $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $250 million 6.625% sustainability-linked senior notes due 2028 (the “New Notes”) at 101.25% of par, plus accrued and unpaid interest from December 15, 2024 (the “Offering”). The New Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15.
Neutral
Business Wire
1 month ago
Kinetik Announces $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $250 million aggregate principal amount of 6.625% sustainability-linked senior notes due 2028 (the “New Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The New Notes are being of.
Negative
Seeking Alpha
1 month ago
Kinetik Holdings: Approaching The Buy Zone After A Pullback
A pullback in Kinetik Holdings' stock has brought the company's valuation back into the range of historical valuations for C-Corp midstream providers. A significant portion of growth projects is already in service to start the year, giving reasonable assurance that the company's 15% growth targets can be met. KNTK is pursuing an aggressive growth rate. The capital spending required to achieve this growth will cause the company to be slightly free cash flow negative in 2025.
Neutral
Seeking Alpha
1 month ago
Kinetik Holdings Inc. (KNTK) Q4 2024 Earnings Call Transcript
Kinetik Holdings Inc. (NYSE:KNTK ) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants Alex Durkee - Investor Relations Jamie Welch - President and Chief Executive Officer Trevor Howard - Senior Vice President and Chief Financial Officer Kris Kindrick - Senior Vice President of Commercial Conference Call Participants Spiro Dounis - Citigroup Inc. Jeremy Tonet - JPMorgan Chase & Co. Indraneel Mitra - Bank of America Merrill Lynch Michael Blum - Wells Fargo Securities Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Group, Inc. Theresa Chen - Barclays Bank Gabriel Moreen - Mizuho Securities USA Operator Good morning. Thank you for attending today's Kinetik Fourth Quarter and Full-Year 2024 Results.
Negative
Zacks Investment Research
1 month ago
Kinetik Holdings Inc. (KNTK) Q4 Earnings and Revenues Miss Estimates
Kinetik Holdings Inc. (KNTK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $1.70 per share a year ago.
Neutral
Business Wire
1 month ago
Kinetik Reports Fourth Quarter and Record Full Year 2024 Financial and Operating Results and Provides 2025 Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2024. 2024 Results and Commentary For the three and twelve months ended December 31, 2024, Kinetik reported net income including non-controlling interest of $16.2 million and $244.2 million, respectively. Kinetik generated Adjusted EBITDA1 of $237.5 million and $971.1 million, Distributable Cash Flow1 of $155.4 mi.
Neutral
Business Wire
2 months ago
Kinetik Announces Fourth Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis, for the fourth quarter ended December 31, 2024. The announced quarterly dividend will be paid on Wednesday, February 12, 2025 to shareholders of record as of market close on Monday, February 3, 2025. Kinetik will host its fourth quarter 2024 results conference call on Thursday, February 27, 2025 at.
Positive
Investors Business Daily
3 months ago
Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly
Meta Platforms leads five stocks flashing entries as they rebound above key moving averages within consolidations. The post Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly appeared first on Investor's Business Daily.
Positive
Investors Business Daily
3 months ago
Energy Play Kinetik Flashes Early Entry As Oil Prices Climb
Oil prices climbed Thursday, propelling Kinetik Holdings past an early entry opportunity. Energy stocks cleared key levels.
Neutral
Business Wire
4 months ago
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the “Assets”) primarily located in Reeves County, Texas for $180 million of cash consideration (the “Transaction”). The Transaction provides a multi-stream opportunity for.
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