Kinetik Holdings Inc. (KNTK)
| Market Cap | 2.56B |
| Revenue (ttm) | 1.32B |
| Net Income (ttm) | 417.56M |
| Shares Out | 59.72M |
| EPS (ttm) | 2.69 |
| PE Ratio | 15.97 |
| Forward PE | 22.04 |
| Dividend | $3.00 (6.99%) |
| Ex-Dividend Date | Apr 26, 2024 |
| Volume | 715,228 |
| Open | 41.99 |
| Previous Close | 41.67 |
| Day's Range | 41.76 - 42.96 |
| 52-Week Range | 31.31 - 42.99 |
| Beta | 0.80 |
| Analysts | Buy |
| Price Target | 41.10 (-4.31%) |
| Earnings Date | Aug 5, 2024 |
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, KNTK's revenue was $1.26 billion, an increase of 3.54% compared to the previous year's $1.21 billion. Earnings were $386.45 million, an increase of 185.17%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for KNTK stock is "Buy." The 12-month stock price forecast is $41.1, which is a decrease of -4.31% from the latest price.
News
Morgan Stanley Energy Partners Completes Sale of Durango Permian to Kinetik Holdings
NEW YORK--(BUSINESS WIRE)--Investment funds managed by Morgan Stanley Energy Partners, announced today the closing of the sale of Durango Permian LLC (“Durango Permian” or the “Company”) to a subsidia...
Kinetik Completes Acquisition of Durango Midstream's New Mexico Gathering and Processing System
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today completed its previously announced acquisition of Durango Permian LLC (“Durango”), a ro...
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields
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Kinetik Completes Divestiture of Its Equity Interest in Gulf Coast Express Pipeline
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced the completion of its previously announced sale and direct transfer of its 16...
Arcadium Lithium's CEO Paul Graves to Speak at Multiple Upcoming Conferences in the Second Quarter
PHILADELPHIA and PERTH, Australia , May 16, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced that Paul Graves, chief executive officer, will speak a...
The Next Chapter: $1 Billion of Strategic, Accretive Northern Delaware Transactions and Divestiture of its 16% Interest in the Gulf Coast Express Pipeline
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a series of agreements under which Kinetik will (i) acqui...
Kinetik Reports First Quarter 2024 Financial and Operating Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Res...
Arcadium Lithium Releases First Quarter 2024 Results
PHILADELPHIA and PERTH, Australia , May 7, 2024 /PRNewswire/ -- Solid First Quarter Results Driven by Average Realized Pricing for Lithium Hydroxide and Carbonate of Over $20,000 / product metric ton ...
Kinetik Announces First Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces First Quarter Dividend and Financial Results Timing.
Infinium and Kinetik Reach Innovative CO2 Utilization Agreement to Advance eFuels Production
Long-term agreement represents a new model for delivering decarbonization benefits across heavy transport and chemical industries SACRAMENTO, Calif. , April 16, 2024 /PRNewswire/ -- eFuels leader, Inf...
Arcadium Lithium Announces Date for First Quarter 2024 Earnings Release and Webcast Conference Call
PHILADELPHIA and PERTH, Australia, April 11, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release first quarter 2024 earnings results on...
Kinetik Announces Changes to Its Board of Directors
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces Changes to Its Board of Directors.
Kinetik Executes New Accounts Receivable Securitization Facility
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, Nat...
Arcadium Lithium Responds to Provincial Court Ruling in Argentina
PHILADELPHIA and PERTH, Australia , March 15, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today released the following statement in response to a recent court ...
Kinetik Announces Pricing of Secondary Offering of Common Stock
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its...
Kinetik Announces Secondary Offering of Common Stock
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 11,373,801 shares o...
Kinetik Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Provides 2024 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, 2023. 2023 Resul...
Top 3 Materials Stocks That Are Preparing To Pump This quarter - Arcadium Lithium (NYSE:ALTM), Lifezone Metals (NYSE:LZM)
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These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Nordic American Tankers (NYSE:NAT), Kinetik Holdings (NYSE:KNTK)
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Arcadium Lithium Releases Fourth Quarter and Full Year 2023 Results and Provides 2024 Full Year Outlook
PHILADELPHIA and PERTH, Australia , Feb. 22, 2024 /PRNewswire/ -- Merger Between Allkem and Livent Completed on January 4, 2024 Arcadium Lithium 2024 Outlook Highlighted by a 40% Increase in Lithium C...
Consider Arcadium Ahead of Lithium Rebound
Lithium prices plummeted more than 80% in 2023 after a record-breaking 2022 in which prices reached all-time highs. Some of the reasons behind the collapse in lithium prices last year include an incre...
Arcadium Lithium's CEO Paul Graves to Speak at Multiple Upcoming Conferences
PHILADELPHIA and PERTH, Australia , Feb. 19, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced that Paul Graves, Chief Executive Officer, will speak ...
