Kinetik Sees FY23 Capital Expenditures At Top End Of $490M-$540M
Portfolio Pulse from Benzinga Newsdesk
Kinetik has projected its capital expenditures for FY23 to be at the higher end of the range between $490M and $540M.
August 07, 2023 | 8:14 pm
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POSITIVE IMPACT
Kinetik's higher capital expenditure for FY23 indicates potential growth and expansion plans.
Higher capital expenditure often indicates a company's plans for growth and expansion. This could potentially lead to increased revenues in the future, making the company more attractive to investors. Therefore, this news is likely to have a positive impact on Kinetik's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100