Recap: Kinetik Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Kinetik Holdings (NYSE:KNTK) reported Q4 earnings with an EPS of $1.7, surpassing estimates by 262% and showing significant revenue growth of $53.38 million year-over-year. This performance contrasts with the previous quarter's miss on EPS estimates, which led to a 4% share price drop the following day.
February 28, 2024 | 9:55 pm
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Kinetik Holdings reported a significant beat on Q4 earnings with an EPS of $1.7, greatly exceeding the estimated $0.47, and showed a substantial year-over-year revenue increase.
Kinetik Holdings' substantial beat on earnings estimates and significant revenue growth are likely to positively impact investor sentiment and the stock price in the short term. Historically, the company's stock price dropped after missing EPS estimates last quarter, indicating market sensitivity to its earnings performance.
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IMPORTANCE 90
RELEVANCE 100