Kinetik Holdings Q2 EPS $0.54 Beats $0.48 Estimate, Sales $359.46M Beat $337.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinetik Holdings (NASDAQ:KNTK) reported Q2 earnings per share (EPS) of $0.54, surpassing the analyst estimate of $0.48 by 12.5%. The company's sales were $359.46 million, exceeding the $337.40 million estimate by 6.54%. Both EPS and sales showed significant year-over-year growth.
August 07, 2024 | 9:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kinetik Holdings reported Q2 EPS of $0.54, beating the $0.48 estimate, and sales of $359.46M, beating the $337.40M estimate. Both metrics showed significant year-over-year growth.
Kinetik Holdings' strong Q2 performance, with EPS and sales both exceeding estimates and showing significant year-over-year growth, is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100