Barclays resumed coverage of Kinetik with a rating of Equal Weight and set a new price target of $43.00

Barclays initiated coverage of Kinetik with a rating of Equal Weight and set a new price target of $40.00

RBC Capital Mkts initiated coverage of Kinetik with a rating of Outperform and set a new price target of $40.00

JP Morgan upgraded Kinetik from Neutral to Overweight and set a new price target of $40.00 from $38.00 previously

Citigroup resumed coverage of Kinetik with a rating of Neutral and set a new price target of $35.00

Goldman resumed coverage of Kinetik with a rating of Buy and set a new price target of $39.00

Pickering Energy Partners initiated coverage of Kinetik with a rating of Neutral

Wells Fargo initiated coverage of Kinetik with a rating of Equal Weight and set a new price target of $38.00

Citigroup downgraded Kinetik from Buy to Neutral and set a new price target of $34.00

Scotiabank upgraded Kinetik from Sector Perform to Sector Outperform and set a new price target of $37.00 from $34.00 previously

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") announced the appointment of William ("Bill") Ordemann to the Kinetik Board of Directors, effective April 3, 2024. Mr. Ordemann will serve as a member of the Audit and Governance & Sustainability Committees. Mr. Ordemann holds thirty-eight years of energy industry experience, with twenty-five years focused on natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. From 1999 until his retirement in 2019, Mr. Ordemann served in numerous executive positions at Enterprise Products Partners L.P. and its affiliates, including serving as an Executive Vice President. Throughout his tenure, he held various po

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today published its 2022 Sustainability Report (the "Report"), highlighting its sustainability advancements during the 2022 calendar year. The Report provides a comprehensive review of Kinetik's progress towards advancing a safer, cleaner, and more reliable energy future and its commitment to integrating sustainability across its operations. "I am proud of the achievements we made throughout 2022 advancing our environmental and other sustainability initiatives," said Jamie Welch, President and CEO. "We took several tangible steps to enhance our efforts across our organization, including the appointment of a Vice President of S

HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today published its 2021 Environmental, Social and Governance Report (the "Report"), highlighting the sustainability achievements of its predecessors, Altus Midstream Company ("Altus") and BCP Raptor Holdco, LP ("BCP"), during the 2021 calendar year. The Report provides a comprehensive review of Kinetik's progress towards advancing a safer, cleaner and more reliable energy future, building a more diverse and inclusive culture, and investing in the communities in which it operates. "We are pleased to share our progress achieved in 2021," said Jamie Welch, President

Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-year Raising the Company's 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 million Increased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividend Acquired an additional equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), bringing the Company's ownership interest to 27.5%, in a series of transactions with Diamondback Energy tha

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024. The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024. "The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company's outlook," sa

Generated second quarter net income of $108.9 million, representing a 52% increase year-over-year, and Adjusted EBITDA1 of $234.4 million, a 13% increase in Adjusted EBITDA1 year-over-year Revised 2024 Adjusted EBITDA1 Guidance of $940 million to $980 million and 2024 Capital Expenditures2 Guidance of $260 million to $300 million ("2024 Guidance") Completed acquisition of Durango Permian, LLC ("Durango") at the end of June and closed divestiture of 16% non-operated equity interest in Gulf Coast Express pipeline ("GCX") at the beginning of June Sanctioned pre-FID work scope and long-lead critical path items for Kings Landing II and advanced subsurface and permitting workstreams

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 7, 2024 to shareholders of record as of market close on Monday, July 29, 2024. Kinetik will host its second quarter 2024 results conference call on Thursday, August 8, 2024 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market close on Wednesday, August 7, 2024. The text of the earnings release,

In a series of transactions: Kinetik agreed to acquire Durango Permian LLC ("Durango"), which expands its operations in Eddy and Lea Counties, New Mexico, the most active counties in the Permian Basin ("Durango Acquisition"). The Durango Acquisition increases Kinetik's processing capacity by 420 million cubic feet per day, doubles gathering pipeline mileage, and adds over 60 new customers, many of whom are private, including one of the most active producers in the Delaware Basin. Kinetik executed a new 15-year low-pressure and high-pressure gas gathering and processing agreement with one of its largest customers, which has a substantial presence throughout Eddy County ("New Eddy Count

Generated first quarter net income of $35.4 million, representing a 724% increase year-over-year, and Adjusted EBITDA1 of $233.6 million, representing a 25% increase year-over-year Achieved quarterly gas processed volumes of 1.53 Bcf/d, up 13% year-over-year and down less than 1% sequentially from impacts of planned maintenance, winter weather, and lower Alpine High volumes due to natural gas prices at Waha hub Completed Kinetik's system-wide front-end amine treating projects, allowing Kinetik to handle natural gas containing elevated levels of carbon dioxide ("CO2"), hydrogen sulfide, and other impurities Entered into a long-term agreement with Infinium to partially dedicate t

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the first quarter ended March 31, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, May 9, 2024 to shareholders of record as of market close on Monday, April 29, 2024. Kinetik will host its first quarter 2024 results conference call on Thursday, May 9, 2024 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results. The Company will issue its earnings release after market close on Wednesday, May 8, 2024. The text of the earnings release, the accompa

Generated fourth quarter 2023 net income of $267.4 million and Adjusted EBITDA1 of $228.0 million Reported full year 2023 net income of $386.5 million, Adjusted EBITDA1 of $838.8 million, and Capital Expenditures2 and investments of $531.2 million Issuing full year 2024 Adjusted EBITDA1 guidance of $905 million to $960 million and $125 million to $165 million of 2024 Capital Expenditures2 guidance ("2024 Guidance") Completing the core shareholder dividend reinvestment obligation with the upcoming dividend to be paid on March 7th, 2024; and going forward, all shareholders will now be eligible to receive 100% cash dividends Placed Delaware Link and the Permian Highway Pipelin

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth quarter ended December 31, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, March 7, 2024 to shareholders of record as of market close on Thursday, February 22, 2024. Kinetik will host its fourth quarter 2023 results conference call on Thursday, February 29, 2024 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 28, 2024. The text of the earn

Generated third quarter net income of $43.1 million and Adjusted EBITDA1 of $215.3 million Achieved quarterly gas processed volumes of 1.49 Bcf/d, up 23% year-over-year Updated the Company's 2023 Adjusted EBITDA1 Guidance range to $820 million to $860 million 2023 Capital Expenditures expected to be at the top end of the Company's Guidance range of $490 million to $540 million Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended September 30, 2023. Third Quarter 2023 Results and Commentary For the three and nine months ended September 30, 2023, Kinetik processed natural gas volumes of 1.49 Bcf/d and 1.44 Bc

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

4 - Kinetik Holdings Inc. (0001692787) (Issuer)

Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-year Raising the Company's 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 million Increased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividend Acquired an additional equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), bringing the Company's ownership interest to 27.5%, in a series of transactions with Diamondback Energy tha

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024. The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024. "The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company's outlook," sa

EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") today announced that it has completed the issuance of a new $1,200 million senior secured Term Loan B due 2031. The Company used the net proceeds from the Term Loan to repay its existing $1,125 million Term Loan B and Term Loan C due 2026 and repay its existing $40 million senior secured revolver due 2026. As part of the transaction, the Company entered into a new agreement for a super-priority revolving credit facility of $125 million due 2029, undrawn at close. This refinancing is a key component of the overall transformation of the EPIC Crude business and is reflected in the Company's Ba3 and BB- credit ratings from Moody's and S&P,

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced Todd Carpenter, General Counsel and Chief Compliance Officer, informed Kinetik of his intent to retire from the Company effective February 28, 2025. Mr. Carpenter will continue his current day-to-day responsibilities and ensure a seamless transition. Following his retirement, he will provide ongoing support to the Company. Kinetik has commenced an internal and external search for Mr. Carpenter's successor and will make an announcement in due course. "Todd's decision marks the end of an exceptional and distinguished almost 40-year legal career," said Jamie Welch, Kinetik's President & Chief Executive Officer. "To

HOUSTON, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") and EPIC Midstream Holdings LP ("EPIC Midstream"), today announced a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, LP ("EPIC Crude"), an affiliate of EPIC Midstream, including:   Diamondback and Kinetik (together, the "Partners") acquired a 30% equity interest in EPIC Crude. The Partners now each own 27.5% of EPIC Crude.EPIC Midstream continues to own a 45% equity interest in and manage the operations of EPIC Crude.Diamondback is converting its existing commitment on EPIC Crude

Existing Partners increase ownership and commitments to further strengthen EPIC Crude's financial profile and growth prospects Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") and EPIC Midstream Holdings LP ("EPIC Midstream"), today announced a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, LP ("EPIC Crude"), an affiliate of EPIC Midstream, including: Diamondback and Kinetik (together, the "Partners") acquired a 30% equity interest in EPIC Crude. The Partners now each own 27.5% of EPIC Crude. EPIC Midstream continues to own a 45% equity interest in and manage the oper

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") published its 2023 Sustainability Report (the "Report"), highlighting its sustainability initiatives, advancements and achievements throughout 2023. The Report provides a transparent and comprehensive review of Kinetik's progress towards a safer, cleaner, and more reliable energy future and its continued commitment to sustainability and responsible corporate practices. "2023 marks another year of milestones towards our environmental, safety and sustainability priorities," said Jamie Welch, President and CEO. "Our commitment has enabled us to advance our initiatives including greenhouse gas emissions reductions, employee safety

Generated second quarter net income of $108.9 million, representing a 52% increase year-over-year, and Adjusted EBITDA1 of $234.4 million, a 13% increase in Adjusted EBITDA1 year-over-year Revised 2024 Adjusted EBITDA1 Guidance of $940 million to $980 million and 2024 Capital Expenditures2 Guidance of $260 million to $300 million ("2024 Guidance") Completed acquisition of Durango Permian, LLC ("Durango") at the end of June and closed divestiture of 16% non-operated equity interest in Gulf Coast Express pipeline ("GCX") at the beginning of June Sanctioned pre-FID work scope and long-lead critical path items for Kings Landing II and advanced subsurface and permitting workstreams

Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 7, 2024 to shareholders of record as of market close on Monday, July 29, 2024. Kinetik will host its second quarter 2024 results conference call on Thursday, August 8, 2024 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market close on Wednesday, August 7, 2024. The text of the earnings release,

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 subsidiary of Kinetik Holdings Inc. (("Kinetik", NYSE:KNTK). Consideration for the Durango Permian sale includes a combination of cash and equity, including contingent consideration payable upon the successful commissioning of Durango Permian's Kings Landing Gas Gathering and Processing Development ("Kings Landing"). Durango Permian, a subsidiary of Durango Midstream LLC ("Durango"), is a leading gas gathering, processing, and carbon dioxide ("CO2") sequestration business operating in the Permian Basin of southeast New Mexico. D

Barclays analyst Theresa Chen reinstates Kinetik Holdings (NYSE:KNTK) with a Equal-Weight and announces $43 price target.

Scotiabank analyst Tristan Richardson maintains Kinetik Holdings (NYSE:KNTK) with a Sector Outperform and raises the price target from $42 to $48.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Kimbell Royalty Partners, LP (NYSE:KRP) Dividend Yield: 10.84% Raymond James analyst John Freeman maintained a Strong Buy rating and

Wells Fargo analyst Michael Blum maintains Kinetik Holdings (NYSE:KNTK) with a Equal-Weight and raises the price target from $37 to $40.

Scotiabank analyst Tristan Richardson maintains Kinetik Holdings (NYSE:KNTK) with a Sector Outperform and raises the price target from $38 to $42.

In a series of transactions:Kinetik agreed to acquire Durango Permian LLC ("Durango"), which expands its operations in Eddy and Lea Counties, New Mexico, the most active counties in the Permian Basin ("Durango Acquisition").The Durango Acquisition increases Kinetik's processing capacity by 420 million cubic feet per day, doubles gathering pipeline mileage, and adds over 60 new customers, many of whom are private, including one of the most active producers in the Delaware Basin.Kinetik executed a new 15-year low-pressure and high-pressure gas gathering and processing agreement with one of its largest customers, which has a substantial presence throughout Eddy County ("New Eddy County Agreemen

Kinetik Holdings (NASDAQ:KNTK) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.48 by 75 percent. This is a 300 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $341.394 million which beat the analyst consensus estimate of $277.518 million by 23.02 percent. This is a 21.48 percent increase over sales of $281.040 million the same period last year.

Mizuho analyst Gabriel Moreen maintains Kinetik Holdings (NYSE:KNTK) with a Buy and raises the price target from $39 to $42.

Barclays analyst Theresa Chen initiates coverage on Kinetik Holdings (NYSE:KNTK) with a Equal-Weight rating and announces Price Target of $40.

JP Morgan analyst Jeremy Tonet maintains Kinetik Holdings (NYSE:KNTK) with a Overweight and raises the price target from $40 to $43.

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8-K - Kinetik Holdings Inc. (0001692787) (Filer)