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Kinetik Holdings Inc - KNTK STOCK NEWS

Welcome to our dedicated page for Kinetik Holdings news (Ticker: KNTK), a resource for investors and traders seeking the latest updates and insights on Kinetik Holdings stock.

Overview

Kinetik Holdings Inc (NYSE: KNTK) is a fully integrated midstream operator that plays a pivotal role in the oil and gas sector. Specializing in gas and oil gathering, processing, and pipeline transportation, the company offers critical infrastructure solutions designed to connect upstream production with downstream markets. Leveraging extensive assets in the Permian Basin and beyond, Kinetik incorporates advanced gathering systems, processing facilities, and transportation pipelines with a strategic focus on operational efficiency and reliability. Keywords such as midstream, pipeline transportation, and decarbonization underscore its dual commitment to traditional energy infrastructure and evolving environmental considerations.

Business Segments and Core Services

Kinetik Holdings Inc operates through two principal segments that together form a comprehensive service portfolio:

  • Midstream Logistics: This segment encapsulates a range of services including gas gathering and processing, crude oil gathering, stabilization, and storage services, as well as produced water gathering and disposal. These services are integral to maintaining the flow of energy products from production centers to processing and refining hubs.
  • Pipeline Transportation: Kinetik’s pipeline transportation segment includes operations on multiple pipeline systems. The company not only operates its own pipelines but also holds substantial ownership stakes in critical pipeline assets. These pipelines connect the prolific regions of the Permian Basin with access points along the U.S. Gulf Coast, ensuring efficient and safe transportation of natural gas liquids (NGLs) and crude oil.

Operational Excellence and Infrastructure

The company’s infrastructure is a testament to its operational sophistication. Its network includes state‐of‐the‐art gathering systems, robust processing facilities, and strategically located pipelines that serve as lifelines between production areas and markets. By ensuring consistent and reliable service, Kinetik reinforces its position as an indispensable participant in the midstream industry. The company’s operations are characterized by a high degree of integration, allowing for streamlined service delivery across diverse energy products. Each element of its network is engineered to maximize efficiency while minimizing downtime and operational risk.

Sustainability and Decarbonization Initiatives

While rooted in traditional midstream operations, Kinetik Holdings Inc also demonstrates an active commitment to sustainability within the energy sector. A notable example is the company’s collaboration with an eFuels provider, which involves the strategic capture and sale of carbon dioxide (CO2) generated in its gas gathering and processing systems. This captured CO2 is repurposed as a valuable feedstock in the production of ultra-low carbon electrofuels (eFuels). Such initiatives not only reflect Kinetik’s responsiveness to evolving regulatory and market dynamics but also its role in fostering innovative decarbonization strategies. By participating in these sustainable endeavors, Kinetik illustrates how traditional midstream operations can integrate environmental stewardship into their business model without compromising core service delivery.

Rhea-AI Summary
Kinetik Holdings Inc. (NYSE: KNTK) announced that its subsidiary, Kinetik Holdings LP, priced its offering of $500 million sustainability-linked senior notes due 2028. The Senior Notes will mature on December 15, 2028, with an interest rate of 6.625% per year. The Issuer intends to use the net proceeds to repay a portion of the outstanding borrowings under its existing Term Loan Credit Facility.
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Kinetik Holdings Inc. (NYSE: KNTK) announced the intention of its subsidiary, Kinetik Holdings LP, to offer $500 million aggregate principal amount of sustainability-linked senior notes due 2028. The proceeds will be used to repay a portion of the outstanding borrowings under its existing Term Loan Credit Facility. The interest rate on the Senior Notes will be linked to Kinetik’s performance against sustainability targets related to greenhouse gas and methane emissions reduction, as well as the representation of women in corporate officer positions.
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Kinetik Holdings Inc. (NYSE: KNTK) reported third quarter net income of $43.1 million and Adjusted EBITDA of $215.3 million, with 23% year-over-year growth in gas processed volumes. The company updated its 2023 Adjusted EBITDA Guidance range to $820 million to $860 million and expects 2023 Capital Expenditures to be at the top end of the range of $490 million to $540 million.
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Kinetik Holdings Inc. (NYSE: KNTK) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for Q3 2023. The dividend will be paid on November 22, 2023, to shareholders of record as of November 13, 2023. The company will host its Q3 2023 results conference call on November 9, 2023. Kinetik previously implemented a Dividend Reinvestment Plan (DRIP) open to all shareholders.
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Kinetik Holdings Inc. announces senior leadership promotions
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Kinetik Holdings Inc. has published its 2022 Sustainability Report, highlighting its progress in advancing a safer, cleaner, and more reliable energy future. The report outlines the company's sustainability initiatives and achievements, including reductions in greenhouse gas and methane emissions, enhanced safety programs, and the implementation of carbon accounting and emissions forecasting software.
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Kinetik Holdings Inc. (NYSE: KNTK) has announced a cash dividend of $0.75 per share, equating to $3.00 annually, for Q1 2023, to be paid on May 17, 2023. Shareholders on record as of May 5, 2023 will receive this dividend. This announcement aligns with prior communications from the Company.

The first-quarter results conference call is scheduled for May 4, 2023, at 8:00 AM CDT. The earnings release will be available post-market on May 3, 2023. Kinetik has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends into additional shares.

Further details on the DRIP are outlined in the Company’s Form S-3 registration statement filed with the SEC.

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FAQ

What is the current stock price of Kinetik Holdings (KNTK)?

The current stock price of Kinetik Holdings (KNTK) is $42.81 as of April 10, 2025.

What is the market cap of Kinetik Holdings (KNTK)?

The market cap of Kinetik Holdings (KNTK) is approximately 2.6B.

What are the core services offered by Kinetik Holdings Inc?

Kinetik Holdings Inc provides integrated midstream services including gas gathering, processing, crude oil stabilization and storage, produced water management, and pipeline transportation.

How does the company generate revenue?

The company earns revenue by offering gathering and processing services, stabilizing and storing crude oil, managing produced water disposal, and through its involvement in pipeline transportation, including ownership stakes in key pipeline assets.

What are the two main reportable segments of Kinetik Holdings Inc?

Kinetik operates in two primary segments: the Midstream Logistics segment, which includes various processing and storage services, and the Pipeline Transportation segment, which focuses on the operation and ownership of key pipelines.

How is Kinetik Holdings Inc positioned in the midstream industry?

Kinetik Holdings Inc is well-positioned in the midstream industry due to its comprehensive service offerings, strategic asset locations, and its ability to facilitate efficient product flow from production sites to key market hubs.

Can you explain the company's involvement in decarbonization initiatives?

Kinetik has engaged in initiatives that convert captured CO2, sourced from its gas processing facilities, into a feedstock for ultra-low carbon electrofuels, demonstrating its commitment to integrating sustainability into traditional midstream operations.

In what regions does Kinetik Holdings Inc primarily operate?

The company’s operations are largely centered in the Permian Basin with an extended network that facilitates transportation to the U.S. Gulf Coast, serving as a critical link between production and market areas.

How does Kinetik differentiate itself from competitors?

Kinetik differentiates itself by offering a fully integrated midstream service portfolio that includes both hands-on operations and strategic asset ownership. Additionally, its focus on innovative decarbonization projects sets it apart in an industry traditionally focused solely on operational efficiency.

What does the Pipeline Transportation segment include?

This segment consists of Kinetik’s operation of various pipelines, including those serving the natural gas liquids market and strategically located pipelines that bridge the Permian Basin with Gulf Coast refining and export centers.
Kinetik Holdings Inc

NYSE:KNTK

KNTK Rankings

KNTK Stock Data

2.59B
43.68M
10.5%
87.8%
7.35%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States
HOUSTON