Streetbeat News

KNTK

Kinetik Holdings Inc.

https://www.kinetik.com

Industry

Oil & Gas Midstream

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas.

Open

52.25

Mkt cap

3.2B

Volume

916K

High

53.61

P/E Ratio

51.95

52-wk high

67.60

Low

51.94

Div yield

0.06

52-wk low

36.56

Barclays analyst Theresa Chen has maintained an Equal-Weight rating on Kinetik Holdings (NYSE:KNTK) while raising the price target from $43 to $47.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 2:24 pm

Several large-cap stocks experienced significant declines last week, with notable downgrades and investigations impacting their performance. Key companies affected include Summit Therapeutics, MakeMyTrip, Medpace Holdings, Regeneron Pharmaceuticals, Global Payments, Affirm Holdings, Super Micro Computer, TechnipFMC, First Citizens BancShares, and ServiceNow.

Portfolio Pulse from Lekha Gupta

September 29, 2024 | 5:25 pm

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

Diamondback Energy and Kinetik Holdings have increased their stakes in EPIC Crude Holdings, each acquiring a 27.5% equity interest. This strategic move involves long-term volume commitments and aims to enhance financial returns and reduce costs. Diamondback is also increasing its crude commitment following its merger with Endeavor Energy Resources.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 4:58 pm

Diamondback Energy, Kinetik, and EPIC Midstream have announced a series of transactions aimed at supporting the growth and financial strength of EPIC Crude Holdings, LP.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:12 am

On CNBC's 'Halftime Report Final Trades,' analysts discussed Apple, Cisco, and Kinetik Holdings. Apple is set to unveil its iPhone 16, potentially marking a major upgrade cycle. Cisco received an analyst upgrade, and Kinetik Holdings reported strong earnings.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:02 pm

The CNBC Halftime Report highlighted final trades including Apple, Cisco Systems, Kinetik, and the U.S. 2 Year Treasury. These assets were discussed as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:03 pm

RBC Capital analyst Elvira Scotto maintains an Outperform rating on Kinetik Holdings (NYSE:KNTK) and raises the price target from $43 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:41 pm

Kinetik has revised its 2024 guidance upwards, now expecting full year Adjusted EBITDA between $940 million and $980 million, a 3% increase at the midpoint versus previous guidance. This implies over 14% Adjusted EBITDA growth year-over-year. The revision follows earnings outperformance, the successful Durango acquisition, and the divestiture of its equity interest in GCX. Capital expenditures are also revised upwards to $260 million to $300 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:07 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:06 pm

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