Kinetik Holdings Inc. to Post FY2026 Earnings of $2.98 Per Share, US Capital Advisors Forecasts (NASDAQ:KNTK)

Kinetik Holdings Inc. (NASDAQ:KNTK) – Investment analysts at US Capital Advisors upped their FY2026 EPS estimates for Kinetik in a note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the company will earn $2.98 per share for the year, up from their prior forecast of $2.60. The consensus estimate for Kinetik’s current full-year earnings is $2.32 per share.

Kinetik (NASDAQ:KNTK) last issued its earnings results on Wednesday, February 28th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $1.24. The business had revenue of $348.87 million during the quarter, compared to analysts’ expectations of $301.49 million. Kinetik had a net margin of 28.57% and a negative return on equity of 49.32%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.

A number of other brokerages have also recently commented on KNTK. JPMorgan Chase & Co. increased their target price on shares of Kinetik from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Royal Bank of Canada initiated coverage on shares of Kinetik in a research report on Monday, March 25th. They set an “outperform” rating and a $40.00 price objective for the company. Mizuho raised their price objective on shares of Kinetik from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Barclays initiated coverage on shares of Kinetik in a research report on Monday, April 22nd. They set an “equal weight” rating and a $40.00 price objective for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Kinetik Stock Down 0.2 %

Shares of NASDAQ KNTK opened at $38.14 on Thursday. The firm has a 50-day simple moving average of $37.69 and a 200-day simple moving average of $35.43. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.99 and a beta of 2.81. Kinetik has a 52 week low of $26.32 and a 52 week high of $40.42.

Hedge Funds Weigh In On Kinetik

A number of institutional investors and hedge funds have recently made changes to their positions in KNTK. Virtu Financial LLC acquired a new position in shares of Kinetik during the 4th quarter worth $223,000. Principal Financial Group Inc. purchased a new stake in shares of Kinetik in the 3rd quarter worth about $232,000. Arizona State Retirement System purchased a new stake in shares of Kinetik in the 4th quarter worth about $240,000. SG Americas Securities LLC purchased a new position in Kinetik in the 3rd quarter valued at about $245,000. Finally, Graham Capital Management L.P. purchased a new position in Kinetik in the 3rd quarter valued at about $252,000. 21.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Kinetik news, insider Jamie Welch bought 14,814 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $33.75 per share, with a total value of $499,972.50. Following the acquisition, the insider now directly owns 3,599,225 shares of the company’s stock, valued at approximately $121,473,843.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jamie Welch acquired 14,814 shares of the company’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $33.75 per share, with a total value of $499,972.50. Following the purchase, the insider now owns 3,599,225 shares of the company’s stock, valued at approximately $121,473,843.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Wall sold 5,750 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $39.82, for a total transaction of $228,965.00. Following the completion of the transaction, the insider now directly owns 530,066 shares in the company, valued at $21,107,228.12. The disclosure for this sale can be found here. Insiders have sold 13,095,803 shares of company stock valued at $442,051,135 in the last ninety days. 3.71% of the stock is currently owned by company insiders.

Kinetik Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $3.00 annualized dividend and a dividend yield of 7.87%. Kinetik’s dividend payout ratio is presently 132.74%.

Kinetik Company Profile

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.