Kinetik Holdings Inc. (KNTK)
| Market Cap | 10.27B |
| Revenue (ttm) | 1.45B |
| Net Income (ttm) | 303.87M |
| Shares Out | 157.54M |
| EPS (ttm) | 2.62 |
| PE Ratio | 24.86 |
| Forward PE | 34.17 |
| Dividend | $3.12 (4.79%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 399,844 |
| Open | 64.49 |
| Previous Close | 64.60 |
| Day's Range | 64.11 - 65.38 |
| 52-Week Range | 31.73 - 65.38 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 75.33 (+15.59%) |
| Earnings Date | Feb 26, 2025 |
About KNTK
Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. The company was founded in 2017 and is based in Houston, Texas. [Read more]
Financial Performance
In 2023, Kinetik Holdings's revenue was $1.26 billion, an increase of 3.54% compared to the previous year's $1.21 billion. Earnings were $272.04 million, an increase of 345.19%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for KNTK stock is "Buy." The 12-month stock price forecast is $75.33, which is an increase of 15.59% from the latest price.
News
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters...
Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto
PHILADELPHIA and PERTH, Australia , Jan. 8, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, announced that the Commit...
Rio Tinto: Growth Could Accelerate After Arcadium Deal
Arcadium Lithium is undervalued with a 13% upside to Rio Tinto's buyout price, expected to close mid 2025. Rio Tinto's acquisition of ALTM positions it as a major lithium player, with potential revenu...
Arcadium Lithium shareholders approve $6.7 bln Rio Tinto deal
Arcadium Lithium shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto , the company said on Monday.
Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update
PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it ...
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 ...
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...
ARCADIUM LITHIUM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Arcadium Lithium plc - ALTM
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arcadium Lithium...
Kinetik Holdings: An Overvalued Rapidly Growing Midstream Idea
Kinetik's stock price has surged into expensive territory. Higher stock prices incentivize conversion of privately held stock. Despite a 4% dividend increase and rapid earnings growth, the stock's cur...
Arcadium Lithium Releases Third Quarter 2024 Results
PHILADELPHIA and PERTH, Australia , Nov. 7, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the third quarter of 2024. ...
Kinetik Holdings Inc. (KNTK) Q3 2024 Earnings Call Transcript
Kinetik Holdings Inc. (NYSE:KNTK) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Alex Durkee – Investor Relations Jamie Welch – President and Chief Executive Office...
Kinetik Reports Record Third Quarter 2024 Financial and Operating Results and Again Increases Full-Year 2024 Adjusted EBITDA Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2024. Third Quarter 2024...
Lithium Miners News For The Month Of October 2024
Lithium prices were flat the past month. Lithium market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. BloombergNEF forecasts lithium...
Arcadium Lithium Announces Date for Third Quarter 2024 Earnings Release
PHILADELPHIA and PERTH, Australia , Oct. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release third quarter 2024 earnings results on...
Kinetik Increases Quarterly Cash Dividend and Announces Timing of Third Quarter 2024 Financial Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that its Board of Directors has declared an increase to its quarterly cash di...
Top 5 Beaten Down Lithium Companies To Buy Now
Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle...
These 3 Stocks Just Spiked—Buy the Rally or Sell the News?
Selling the news is a common trading strategy in which traders buy a stock in anticipation of expected news, then sell once the event occurs. It's a short-term strategy based on the psychology that th...
Top 5 Tax-Loss Stocks To Sell By October 31, 2024
Wolfe Research recommends selling certain stocks based on year-to-date returns and volume-weighted average price, especially before mutual funds' October 31 year-end. Investors should consider tax-los...
Why lithium is such a critical resource for batteries
Rio Tinto (RIO) recently announced its agreement to acquire Arcadian Lithium (ALTM) in a deal valued at $6.7 billion, positioning the company to become the world's third-largest lithium miner. CRU Gro...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTM and OB on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / October 10, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or br...
Rio Tinto's Arcadium Acquisition An Intelligent Move
Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong ea...
Rio Tinto's real prize: Arcadium's lithium extraction technology
Rio Tinto's $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle ...
Rio Tinto's Acquisition of Arcadium Lithium (ALTM) Boosts Lithium Stocks
Arcadium Lithium (ALTM, Financial) shares soared 30.54% today, reaching a price of $5.54, following Rio Tinto's announcement of its plan to acquire the company for $6.7 billion. This strategic move po...
RIO to Buy ALTM, BA Strike Talks Break Down, HD & LOW Upgrades
Rio Tinto (RIO) has agreed to buy Arcadium Lithium (ALTM) that could thrust the metal-producer into the industry's driver seat. Home Depot (HD) and Lowe's (LOW) get an upgrade from Loop Capital, while...
Arcadium Lithium Stock Soars as Rio Tinto Announces $6.7B Acquisition
Shares of Arcadium Lithium (ALTM) are soaring in premarket trading Wednesday, after Rio Tinto (RIO) announced plans to acquire the lithium miner for $5.85 per share in an all-cash deal.