Kinetik Announces Fourth Quarter Dividend and Financial Results Timing

Rhea-AI Summary

Kinetik Holdings (NYSE: KNTK) has announced its fourth quarter dividend of $0.78 per share ($3.12 annualized), payable on February 12, 2025, to shareholders of record as of February 3, 2025. The company will release its Q4 2024 earnings after market close on February 26, 2025, followed by a conference call on February 27, 2025.

The company maintains an active Dividend Reinvestment Plan (DRIP) that is open to all shareholders. Details of the plan are available in the company's S-3 registration statement filed with the SEC on July 12, 2024. Shareholders can register for the DRIP through Broadridge Corporate Issuers, , either online or through various contact methods.

Positive

• Consistent quarterly dividend payment of $0.78 per share
• Maintained annual dividend rate of $3.12 per share
• Active Dividend Reinvestment Plan (DRIP) available to all shareholders

Negative

• None.

Insights

Financial Analyst

Kinetik Holdings' declaration of a $0.78 quarterly dividend represents a substantial 8.04% forward yield based on the current stock price, positioning it as an attractive income-generating investment in the midstream energy sector. This dividend level demonstrates the company's robust cash flow generation capabilities and commitment to shareholder returns.

The dividend reinvestment plan (DRIP) offers a strategic advantage for long-term investors, enabling them to compound returns by automatically reinvesting dividends into additional shares, potentially at a discount to market prices. This mechanism can significantly enhance total returns over time, particularly in a high-yield scenario like Kinetik's.

Looking at the broader context, Kinetik's business model as a midstream energy infrastructure company typically generates stable, fee-based revenues through long-term contracts, supporting the sustainability of its dividend program. The $3.12 annualized dividend reflects management's confidence in the company's operational stability and cash flow generation capabilities.

The timing of the Q4 earnings release in late February aligns with industry norms and will provide important insights into the company's operational performance, particularly in areas such as throughput volumes, contract renewals and capital allocation strategies. Investors should focus on free cash flow coverage of the dividend, which is essential for maintaining the current payout level.

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 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss fourth quarter results. The Company will issue its earnings release after market close on Wednesday, February 26, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Company’s website at www.ir.kinetik.com. A replay of the conference call will also be available on the website following the call.

Kinetik previously implemented a Dividend Reinvestment Plan (the “DRIP” or the “Plan”) open to all shareholders. A complete description of the Plan is included in the Company’s Form S-3 registration statement filed with the SEC on July 12, 2024 and is posted on the Company’s website at www.kinetik.com.

To participate, shareholders of record may register online by visiting the Broadridge website at shareholder.broadridge.com/KNTK or by contacting Broadridge Corporate Issuers, LLC, the Plan Administrator, by telephone toll free from inside the United States at 1-(877)-830-4936 or outside of the United States at 1-(720)-378-5591. Shareholders may also contact the Plan Administrator in writing at Broadridge Shareholder Services, Broadridge Corporate Issuer Solutions, LLC, PO Box 1342, Brentwood, NY 11717-0718. Please include a reference to Kinetik Holdings Inc. in all correspondence. Shareholders who own common stock through a broker should consult their broker regarding participation in the Plan.

About Kinetik Holdings Inc.

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250122849380/en/

Kinetik Investors:

Alex Durkee

(713) 574-4743

investors@kinetik.com

Source: Kinetik Holdings Inc.

FAQ

What is Kinetik's (KNTK) Q4 2024 dividend amount?

Kinetik's Q4 2024 dividend is $0.78 per share, equivalent to $3.12 per share annually.

When will KNTK pay its Q4 2024 dividend?

KNTK will pay its Q4 2024 dividend on February 12, 2025, to shareholders of record as of February 3, 2025.

When will Kinetik (KNTK) release its Q4 2024 earnings?

Kinetik will release its Q4 2024 earnings after market close on February 26, 2025.

How can shareholders participate in KNTK's Dividend Reinvestment Plan?

Shareholders can register for KNTK's DRIP online at shareholder.broadridge.com/KNTK or by contacting Broadridge Corporate Issuers,

When is KNTK's Q4 2024 earnings conference call?

KNTK's Q4 2024 earnings conference call is scheduled for February 27, 2025, at 8:00 am Central Standard Time.