Wells Fargo initiated coverage on Kinetik with a new price target
$KNTK
Natural Gas Distribution
Utilities
Wells Fargo initiated coverage of Kinetik with a rating of Equal Weight and set a new price target of $38.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2025 | $49.00 | Neutral | UBS |
| 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 |
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
Generated first quarter net income of $19.3 million and Adjusted EBITDA1 of $250.0 million Achieved quarterly gas processed volumes of 1.80 Bcf/d, up 17% year-over-year Progressed construction on the 220 Mmcf/d Kings Landing Complex ("Kings Landing") in New Mexico with commissioning expected to start in six weeks and commencing operations in early third quarter of 2025 Affirming 2025 Adjusted EBITDA1 Guidance range of $1.09 billion to $1.15 billion and Capital Guidance range of $450 million to $540 million Kinetik's Board of Directors authorized an increase to its existing share repurchase program to $500 million Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") toda
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, May 2, 2025 to shareholders of record as of market close on Friday, April 25, 2025. Kinetik will host its first quarter 2025 results conference call on Thursday, May 8, 2025 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 7, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Compa
Generated fourth quarter 2024 net income of $16.2 million and Adjusted EBITDA1 of $237.5 million Reported full year 2024 net income of $244.2 million, Adjusted EBITDA1 of $971.1 million, and Capital Expenditures2 of $264.5 million Announced bolt-on acquisition of natural gas and crude oil gathering systems primarily located in Reeves County, Texas, which closed in January 2025 ("Barilla Draw") Issuing full year 2025 Guidance ("2025 Guidance"): Adjusted EBITDA1 guidance of $1.09 billion to $1.15 billion Capital guidance of $450 million to $540 million, including growth and maintenance Capital Expenditures2 and the previously communicated $75 million of contingent consideration
Generated first quarter net income of $19.3 million and Adjusted EBITDA1 of $250.0 million Achieved quarterly gas processed volumes of 1.80 Bcf/d, up 17% year-over-year Progressed construction on the 220 Mmcf/d Kings Landing Complex ("Kings Landing") in New Mexico with commissioning expected to start in six weeks and commencing operations in early third quarter of 2025 Affirming 2025 Adjusted EBITDA1 Guidance range of $1.09 billion to $1.15 billion and Capital Guidance range of $450 million to $540 million Kinetik's Board of Directors authorized an increase to its existing share repurchase program to $500 million Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") toda
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced Anne Psencik, Chief Strategy Officer, informed Kinetik of her intent to retire from the Company, effective June 30, 2025. Ms. Psencik will continue her current day-to-day responsibilities until that time. Following her retirement, she will continue to support the Company as a consultant. "Annie has been a valuable leader at Kinetik, and I thank her for the significant contributions she has made to the Company and our long-term growth strategy," said Jamie Welch, Kinetik's President & Chief Executive Officer. "During her six-year tenure, Annie has managed risk and also served as a trusted advisor on numerous comm
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, May 2, 2025 to shareholders of record as of market close on Friday, April 25, 2025. Kinetik will host its first quarter 2025 results conference call on Thursday, May 8, 2025 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 7, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Compa
10-Q - Kinetik Holdings Inc. (0001692787) (Filer)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
SCHEDULE 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G - Kinetik Holdings Inc. (0001692787) (Subject)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
UBS initiated coverage of Kinetik with a rating of Neutral and set a new price target of $49.00
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
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