STOCK TITAN

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 reported a strong financial performance for the full year 2022, with net income of $250.7 million and Pro Forma Adjusted EBITDA of $822.2 million. For Q4 2022, net income was $48.5 million and Pro Forma Adjusted EBITDA reached $211.1 million. Kinetik issued guidance for 2023 Adjusted EBITDA between $800 million and $860 million, projecting a 15% increase in processed gas volumes. The company announced a $100 million share repurchase program and is expanding its operations into Lea County, New Mexico, underpinned by a long-term gathering agreement. Capital expenditures for 2023 are estimated at $490 million to $540 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.69%
Tags
none
-
Rhea-AI Summary

Kinetik Holdings Inc. (NYSE: KNTK) announced a cash dividend of $0.75 per share, amounting to $3.00 annually, for Q4 2022. This dividend aligns with previous communications and will be paid on February 16, 2023, to shareholders on record as of February 6, 2023. A conference call to discuss Q4 results is scheduled for February 28, 2023, at 8:00 AM CST. Kinetik also offers a Dividend Reinvestment Plan (DRIP), where major stakeholders are reinvesting their dividends. Full details are available on their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
Tags
dividends earnings
-
Rhea-AI Summary

Kinetik Holdings reported a strong third quarter for 2022, achieving a net income of $49.4 million and an Adjusted EBITDA of $212.4 million. The company processed a record 1.2 Bcf/d of natural gas. Kinetik has reaffirmed its 2022 guidance for Pro Forma Adjusted EBITDA of $820 to $840 million and capital expenditures of $280 to $300 million. The acquisition of the Brandywine NGL pipeline enhances Kinetik's system. Kinetik declared a quarterly dividend of $0.75 per share, with a significant number of shares reinvested.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
Tags
none
Rhea-AI Summary

Kinetik Holdings Inc. (NASDAQ: KNTK) announced a cash dividend of $0.75 per share for the third quarter ending September 30, 2022, consistent with prior announcements. This equates to an annualized dividend of $3.00 and will be paid on November 17, 2022. Shareholders of record by the market close on November 7, 2022 will receive this payment. The company will release its third-quarter earnings on November 9, 2022, followed by a conference call on November 10, 2022. Kinetik also has a Dividend Reinvestment Plan (DRIP) in place to allow shareholders to reinvest dividends into additional shares.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
dividends earnings
-
Rhea-AI Summary

Kinetik Holdings Inc. (NASDAQ: KNTK) announced its transfer of Class A Common Stock to the New York Stock Exchange (NYSE) from Nasdaq. Trading on NYSE will commence on October 24, 2022, under the existing ticker symbol 'KNTK.' Until October 21, 2022, Kinetik's shares will continue trading on Nasdaq before being delisted. The CEO, Jamie Welch, and management will commemorate the listing by ringing the NYSE opening bell, also marking the one-year anniversary of Kinetik's formation from a business combination of Altus Midstream Company and BCP Raptor Holdco LP.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
-
Rhea-AI Summary

Kinetik Holdings Inc. (NASDAQ: KNTK) has revised its 2022 Pro Forma Adjusted EBITDA guidance upwards to $820 million to $840 million, reflecting a 5% increase. The company completed a $3.0 billion sustainability-linked refinancing, retiring all existing debt, and issued a new $1.25 billion revolving credit facility. The Permian Highway Pipeline expansion has been greenlit, with completion expected by November 2023. Kinetik processed natural gas volumes of 1.16 Bcf/d for Q2 2022, reporting net income of $131.4 million and Pro Forma Free Cash Flow of $127 million for the same period.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.64%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.74%
Tags
management
-
Rhea-AI Summary

Kinetik Holdings declared a cash dividend of $0.75 per share for Q2 2022, aligning with prior communications. The annualized total is $3.00 and will be paid on August 17, 2022, to shareholders recorded by close on August 5, 2022. The company will hold a conference call on August 10, 2022, at 8:00 am CDT to discuss second quarter results. Kinetik also completed the accelerated redemption of its Series A Preferred, further enhancing cash flow. A Dividend Reinvestment Plan is in place, with significant reinvestment from major stakeholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
Tags
dividends earnings
-
Rhea-AI Summary

Kinetik Holdings (NASDAQ: KNTK) announced the successful completion of a comprehensive refinancing involving a new $1.25 billion unsecured revolving credit facility and a $2.0 billion unsecured term loan A facility. This refinancing leads to a fully unsecured capital structure.

Kinetik also issued $1.0 billion in sustainability-linked senior notes due 2030, aimed at enhancing liquidity and aligning with sustainability performance targets. Additionally, Kinetik's Class A Common Stock will begin trading on a stock split adjusted basis from June 9, 2022, following a two-for-one stock split.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
none

FAQ

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

The current stock price of Kinetik Holdings (KNTK) is $53.12 as of April 1, 2025.

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

The market cap of Kinetik Holdings (KNTK) is approximately 3.2B.

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

Nasdaq:KNTK

KNTK Rankings

KNTK Stock Data

3.19B
42.84M
10.5%
87.8%
7.35%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States
HOUSTON