Energy -
Oil & Gas Midstream - NASDAQ - US
$ 43.6
0.322 %
$ 2.62 B
Market Cap
42.75
P/E
1. INTRINSIC VALUE
Balance Sheet
Kinetik Holdings Inc.
| Current Assets | 295 M |
| Cash & Short-Term Investments | 3.61 M |
| Receivables | 112 M |
| Other Current Assets | 179 M |
| Non-Current Assets | 6.44 B |
| Long-Term Investments | 2.12 B |
| PP&E | 3.46 B |
| Other Non-Current Assets | 862 M |
| Current Liabilities | 198 M |
| Accounts Payable | 27.2 M |
| Short-Term Debt | 159 M |
| Other Current Liabilities | 11.5 M |
| Non-Current Liabilities | 3.64 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 3.64 B |
EFFICIENCY
Earnings Waterfall
Kinetik Holdings Inc.
| Revenue | 1.48 B |
| Cost Of Revenue | 945 M |
| Gross Profit | 538 M |
| Operating Expenses | 359 M |
| Operating Income | 179 M |
| Other Expenses | -65 M |
| Net Income | 244 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Kinetik Holdings Inc.
| Net Income | 244 M |
| Depreciation & Amortization | 324 M |
| Capital Expenditures | -276 M |
| Stock-Based Compensation | 76.5 M |
| Change in Working Capital | -43.4 M |
| Others | 33.2 M |
| Free Cash Flow | 361 M |
Wall Street Analysts Price Targets
Kinetik Holdings Inc.
Wall Street analysts predict an average 1-year price target for KNTK of $47.3 , with forecasts ranging from
a
low of
$40 to a high of $60 .
KNTK Lowest Price Target
Wall Street Target
40 USD
-8.26%
KNTK Average Price Target
Wall Street Target
47.3 USD
8.49%
KNTK Highest Price Target
Wall Street Target
60 USD
37.61%
4. DIVIDEND
ANALYSIS
1.38%
DIVIDEND YIELD
0.78 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Kinetik Holdings Inc.
Sold
0-3 MONTHS
310 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Kinetik Prices $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $250 million 6.625% sustainability-linked senior notes due 2028 (the “New Notes”) at 101.25% of par, plus accrued and unpaid interest from December 15, 2024 (the “Offering”). The New Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15.
businesswire.com
- 1 month ago
Kinetik Announces $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $250 million aggregate principal amount of 6.625% sustainability-linked senior notes due 2028 (the “New Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The New Notes are being of.
businesswire.com
- 1 month ago
Kinetik Holdings: Approaching The Buy Zone After A Pullback
A pullback in Kinetik Holdings' stock has brought the company's valuation back into the range of historical valuations for C-Corp midstream providers. A significant portion of growth projects is already in service to start the year, giving reasonable assurance that the company's 15% growth targets can be met. KNTK is pursuing an aggressive growth rate. The capital spending required to achieve this growth will cause the company to be slightly free cash flow negative in 2025.
seekingalpha.com
- 1 month ago
Kinetik Holdings Inc. (KNTK) Q4 2024 Earnings Call Transcript
Kinetik Holdings Inc. (NYSE:KNTK ) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants Alex Durkee - Investor Relations Jamie Welch - President and Chief Executive Officer Trevor Howard - Senior Vice President and Chief Financial Officer Kris Kindrick - Senior Vice President of Commercial Conference Call Participants Spiro Dounis - Citigroup Inc. Jeremy Tonet - JPMorgan Chase & Co. Indraneel Mitra - Bank of America Merrill Lynch Michael Blum - Wells Fargo Securities Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Group, Inc. Theresa Chen - Barclays Bank Gabriel Moreen - Mizuho Securities USA Operator Good morning. Thank you for attending today's Kinetik Fourth Quarter and Full-Year 2024 Results.
seekingalpha.com
- 1 month ago
Kinetik Holdings Inc. (KNTK) Q4 Earnings and Revenues Miss Estimates
Kinetik Holdings Inc. (KNTK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $1.70 per share a year ago.
zacks.com
- 1 month ago
Kinetik Reports Fourth Quarter and Record Full Year 2024 Financial and Operating Results and Provides 2025 Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2024. 2024 Results and Commentary For the three and twelve months ended December 31, 2024, Kinetik reported net income including non-controlling interest of $16.2 million and $244.2 million, respectively. Kinetik generated Adjusted EBITDA1 of $237.5 million and $971.1 million, Distributable Cash Flow1 of $155.4 mi.
businesswire.com
- 1 month ago
Kinetik Announces Fourth Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis, for the fourth quarter ended December 31, 2024. The announced quarterly dividend will be paid on Wednesday, February 12, 2025 to shareholders of record as of market close on Monday, February 3, 2025. Kinetik will host its fourth quarter 2024 results conference call on Thursday, February 27, 2025 at.
businesswire.com
- 2 months ago
Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly
Meta Platforms leads five stocks flashing entries as they rebound above key moving averages within consolidations. The post Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly appeared first on Investor's Business Daily.
investors.com
- 3 months ago
Permian Resources Announces Divestiture of Midstream Gathering Systems
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently p.
businesswire.com
- 4 months ago
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the “Assets”) primarily located in Reeves County, Texas for $180 million of cash consideration (the “Transaction”). The Transaction provides a multi-stream opportunity for.
businesswire.com
- 4 months ago
Kinetik Holdings Inc. (KNTK) is a Great Momentum Stock: Should You Buy?
Does Kinetik Holdings Inc. (KNTK) have what it takes to be a top stock pick for momentum investors? Let's find out.
zacks.com
- 5 months ago
Earnings Estimates Moving Higher for KINETIK HLDGS (KNTK): Time to Buy?
KINETIK HLDGS (KNTK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
zacks.com
- 5 months ago
8. Profile
Summary
Kinetik Holdings Inc. KNTK
COUNTRY
US
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 2.62 B
Dividend Yield
1.38%
Description
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.
Contact
500 West Illinois Avenue, Midland, TX, 79701
https://www.kinetik.com
IPO
Date
Nov. 13, 2018
Employees
460
Officers
Mr. Tyler A. Milam
Senior Vice President, Crude, Water & New Energy Ventures
Mr. Kris Kindrick
Senior Vice President, Commercial
Mr. Steven M. Stellato
Executive Vice President, Chief Accounting & Chief Administrative Officer
Mr. Jamie W. Welch
President, Chief Executive Officer & Director
Ms. Maddie Wagner
Director of Investor Relations