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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.

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Mizuho analyst Gabriel Moreen maintains a Buy rating on Kinetik Holdings (NYSE:KNTK) and raises the price target from $39 to $42.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:49 am

Barclays analyst Theresa Chen initiates coverage on Kinetik Holdings (NYSE:KNTK) with an Equal-Weight rating and a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:34 pm

JP Morgan analyst Jeremy Tonet has maintained an Overweight rating on Kinetik Holdings (NYSE:KNTK) and increased the price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:23 pm

Infinium and Kinetik Holdings Inc. (NYSE:KNTK) have entered into a long-term agreement for the purchase of CO2 for eFuels production. This partnership aims to advance decarbonization in heavy transport and chemical industries by utilizing CO2 from Kinetik's Permian Basin operations for Infinium's Project Roadrunner, which focuses on producing sustainable aviation fuel (eSAF). The agreement highlights both companies' commitment to sustainability and the reduction of carbon emissions, with Kinetik dedicating CO2 from its West Texas facility and Infinium receiving a $75 million equity commitment from Breakthrough Energy Catalyst.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:02 pm

RBC Capital analyst Elvira Scotto initiates coverage on Kinetik Holdings (NYSE:KNTK) with an Outperform rating and a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 9:02 am

Insiders at Cardlytics, AerSale, Paragon 28, and Kinetik Holdings have recently made significant stock purchases, signaling their confidence in the companies' futures. These transactions range from around $255,225 to $8.96 million, with each company having recent news that could influence these decisions. Cardlytics entered an Equity Distribution Agreement, AerSale reported disappointing Q4 results, Paragon 28 exceeded quarterly sales expectations, and Kinetik Holdings announced a secondary offering pricing.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 1:09 pm

Kinetik Holdings announced the pricing of a secondary offering of 11,373,801 shares at $33.75 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:38 am

Kinetik Holdings Inc. (NYSE:KNTK) announced a secondary offering of 11,373,801 shares at $33.75 each by Apache Midstream LLC, a subsidiary of Apache Corporation. Kinetik will not sell any shares nor receive proceeds from the sale. The underwriters have an option to buy an additional 1,706,070 shares. Kinetik's CEO will purchase 14,814 shares at the offering price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:36 am

Kinetik shares are trading lower following the announcement of a secondary offering of common stock. This move typically dilutes existing shareholders' equity and can lead to a decrease in stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:59 pm

Kinetik Holdings announced a secondary offering of 11.37 million shares of its Class A common stock by Apache Midstream, a selling stockholder. Kinetik itself is not selling any shares and will not receive proceeds from the sale. The CEO of Kinetik has indicated an interest in purchasing shares at the public offering price.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:48 pm

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