Date | Price Target | Rating | Analyst |
---|---|---|---|
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 | |
9/18/2023 | $38.00 | Equal Weight | Wells Fargo |
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
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,
8-K/A - Kinetik Holdings Inc. (0001692787) (Filer)
IRANNOTICE - Kinetik Holdings Inc. (0001692787) (Filer)
10-Q - Kinetik Holdings Inc. (0001692787) (Filer)
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
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
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)
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
SC 13G - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13D/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13D/A - Kinetik Holdings Inc. (0001692787) (Subject)