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

56.35

Mkt cap

3.3B

Volume

42K

High

56.35

P/E Ratio

18.87

52-wk high

57.15

Low

56.02

Div yield

0.08

52-wk low

31.73

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

Jenny Harrington announced on CNBC that she has bought shares of Kinetik Holdings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:25 pm

Scotiabank analyst Tristan Richardson maintains a Sector Outperform rating on Kinetik Holdings (NYSE:KNTK) and raises the price target from $42 to $48.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:28 pm

Wall Street's most accurate analysts have provided their ratings on three high-yielding energy stocks: Kimbell Royalty Partners (KRP), Kinetik Holdings (KNTK), and Sitio Royalties (STR). These stocks offer dividend yields over 7% and have received various ratings and price target adjustments from top analysts.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:12 pm

Wells Fargo analyst Michael Blum maintains an Equal-Weight rating on Kinetik Holdings (KNTK) and raises the price target from $37 to $40.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 1:26 pm

Scotiabank analyst Tristan Richardson maintains a Sector Outperform rating on Kinetik Holdings (KNTK) and raises the price target from $38 to $42.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:38 pm

Kinetik Holdings Inc. (KNTK) has announced a series of strategic transactions including the acquisition of Durango Permian LLC for $765 million in cash and equity, a new 15-year service agreement in Eddy County, New Mexico, and the sale of its 16% stake in the Gulf Coast Express pipeline (GCX) for $540 million. These moves aim to expand Kinetik's operations in the Permian Basin, doubling its pipeline mileage and processing capacity, and adding over 60 new customers. The transactions are expected to be over 10% accretive to Kinetik's free cash flow per share starting in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:22 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.