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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $64.00 | Sector Outperform | Scotiabank |
| 7/10/2024 | $43.00 | Equal Weight | Barclays |
| 4/22/2024 | $40.00 | Equal Weight | Barclays |
| 3/25/2024 | $40.00 | Outperform | RBC Capital Mkts |
| 3/8/2024 | $38.00 → $40.00 | Neutral → Overweight | JP Morgan |
| 12/19/2023 | $35.00 | Neutral | Citigroup |
| 10/6/2023 | $39.00 | Buy | Goldman |
| 10/3/2023 | Neutral | Pickering Energy Partners |
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G - Kinetik Holdings Inc. (0001692787) (Subject)
3 - 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)
Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a
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
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
Scotiabank initiated coverage of Kinetik with a rating of Sector Outperform and set a new price target of $64.00
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
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE:PR) ("Permian Resources") whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the "Assets") primarily located in Reeves County, Texas for $180 million of cash consideration (the "Transaction"). The Transaction provides a multi-stream opportunity for natural gas gathering, compression and processing, as well as crude gathering services for Kinetik. Transaction Highlights: Approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for n
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