KNTK Chart
About

Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. It operates through two segments, Midstream Logistics and Pipeline Transportation. The company offers gathering, compression, processing, stabilization, treating, and storage services; transportation services through pipelines; and water gathering and disposal services for companies that produce natural gas, natural gas liquids (NGL), and crude oil. It also sells condensates, natural gas residue, and NGLs. Kinetik Holdings Inc. was founded in 2017 and is headquartered in Midland, Texas.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Midstream Market Cap 2.83B
Enterprise Value 11.44B Income 25.52M Sales 1.72B
Book/sh -27.70 Cash/sh 0.13 Dividend Yield 7.13%
Payout 7.61% Employees 460 IPO —
P/E 107.76 Forward P/E 27.29 PEG —
P/S 1.64 P/B -1.60 P/C —
EV/EBITDA 21.92 EV/Sales 6.65 Quick Ratio 0.17
Current Ratio 0.62 Debt/Eq 160.73 LT Debt/Eq —
EPS (ttm) 0.41 EPS next Y 1.62 EPS Growth -91.40%
Revenue Growth 17.10% Earnings 2026-02-25 ROA 1.35%
ROE 4.41% ROIC — Gross Margin 39.09%
Oper. Margin 5.50% Profit Margin 7.29% Shs Outstand 64.03M
Shs Float 46.63M Short Float 16.45% Short Ratio 7.28
Short Interest — 52W High 59.74 52W Low 31.33
Beta 0.97 Avg Volume 1.23M Volume 1.69M
Target Price $45.54 Recom Buy Prev Close $44.75
Price $44.18 Change -1.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$45.54
Mean price target
2. Current target
$44.18
Latest analyst target
3. DCF / Fair value
$-20.63
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$44.18
Low
$40.00
High
$55.00
Mean
$45.54

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 main Jefferies Buy → Buy $43
2026-01-05 up Raymond James Market Perform → Outperform $46
2025-12-02 init Jefferies — → Buy $41
2025-11-21 main Citigroup Buy → Buy $46
2025-11-19 main RBC Capital Outperform → Outperform $46
2025-11-17 main Goldman Sachs Buy → Buy $40
2025-11-13 main Scotiabank Sector Outperform → Sector Outperform $45
2025-10-22 up Wolfe Research Peer Perform → Outperform $45
2025-10-17 main Scotiabank Sector Outperform → Sector Outperform $51
2025-10-08 main Barclays Equal-Weight → Equal-Weight $40
2025-09-08 main Scotiabank Sector Outperform → Sector Outperform $53
2025-08-29 main Mizuho Outperform → Outperform $53
2025-08-14 main Scotiabank Sector Outperform → Sector Outperform $55
2025-07-15 main Mizuho Outperform → Outperform $57
2025-07-14 main Barclays Equal-Weight → Equal-Weight $43
2025-06-05 main Scotiabank Sector Outperform → Sector Outperform $57
2025-05-30 main RBC Capital Outperform → Outperform $55
2025-05-20 main Mizuho Outperform → Outperform $61
2025-05-20 main Barclays Equal-Weight → Equal-Weight $48
2025-05-20 up Citigroup Neutral → Buy $55
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 23016 — — Stock Award(Grant) at price 0.00 per share. WELCH JAMIE Chief Executive Officer — 2026-01-02 00:00:00 D
1 3596 — — Stock Award(Grant) at price 0.00 per share. STELLATO STEVEN M Officer — 2026-01-02 00:00:00 D
2 3020 — — Stock Award(Grant) at price 0.00 per share. ELLIS LINDSAY General Counsel — 2026-01-02 00:00:00 D
3 3776 — — Stock Award(Grant) at price 0.00 per share. WALL MATTHEW JOHN Chief Operating Officer — 2026-01-02 00:00:00 D
4 8083 291392.0 — Sale at price 36.05 per share. WALL MATTHEW JOHN Chief Operating Officer — 2026-01-02 00:00:00 D
5 4171 — — Stock Award(Grant) at price 0.00 per share. BYERS DEBORAH L Director — 2026-01-02 00:00:00 D
6 3236 — — Stock Award(Grant) at price 0.00 per share. HOWARD TREVOR Chief Financial Officer — 2026-01-02 00:00:00 D
7 8000 276560.0 — Purchase at price 34.57 per share. WELCH JAMIE Officer and Director — 2025-11-10 00:00:00 D
8 4262090 188213894.0 — Sale at price 44.16 per share. ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 2025-06-04 00:00:00 I
9 4262090 nan — — ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 2025-06-04 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems7.35M-4.47M500.45K-102.06K
TaxRateForCalcs0.090.210.010.27
NormalizedEBITDA716.02M655.47M604.90M351.28M
TotalUnusualItems85.24M-21.28M48.46M-378.00K
TotalUnusualItemsExcludingGoodwill85.24M-21.28M48.46M-378.00K
NetIncomeFromContinuingOperationNetMinorityInterest244.23M386.45M135.52M1.48M
ReconciledDepreciation324.20M280.99M260.35M243.56M
ReconciledCostOfRevenue944.82M796.71M801.86M477.18M
EBITDA801.26M634.19M653.37M350.90M
EBIT477.06M353.20M393.02M107.34M
NetInterestIncome-214.43M-203.85M-148.76M-113.22M
InterestExpense209.80M199.66M139.68M104.00M
InterestIncome2.80M2.00M489.00K4.14M
NormalizedIncome166.34M403.26M87.55M1.76M
NetIncomeFromContinuingAndDiscontinuedOperation244.23M386.45M135.52M1.48M
TotalExpenses1.30B1.08B1.05B608.17M
TotalOperatingIncomeAsReported179.23M159.25M150.49M53.49M
DilutedAverageShares60.12M52.06M41.36M37.79M
BasicAverageShares59.28M51.79M41.33M37.79M
DilutedEPS1.022.381.480.00
BasicEPS1.032.391.480.00
DilutedNIAvailtoComStockholders61.19M369.05M61.10M0.00
AverageDilutionEarnings0.0097.01M0.000.00
NetIncomeCommonStockholders61.19M272.04M61.10M0.00
OtherunderPreferredStockDividend183.05M114.42M74.41M1.48M
NetIncome244.23M386.45M135.52M1.48M
MinorityInterests0.000.00-115.20M0.00
NetIncomeIncludingNoncontrollingInterests244.23M386.45M250.72M1.48M
NetIncomeContinuousOperations244.23M386.45M250.72M1.48M
TaxProvision23.04M-232.91M2.62M1.86M
PretaxIncome267.27M153.54M253.34M3.35M
OtherIncomeExpense298.43M178.74M239.00M62.70M
OtherNonOperatingIncomeExpenses9.58M
SpecialIncomeCharges85.24M-21.28M-40.59M-378.00K
GainOnSaleOfPPE-4.04M-19.40M-12.61M-382.00K
GainOnSaleOfBusiness89.80M0.000.00
OtherSpecialCharges525.00K1.88M27.98M-4.00K
ImpairmentOfCapitalAssets0.000.00
EarningsFromEquityInterest213.19M200.01M180.96M63.07M
GainOnSaleOfSecurity89.05M
NetNonOperatingInterestIncomeExpense-214.43M-203.85M-148.76M-113.22M
TotalOtherFinanceCost7.44M6.19M9.57M13.37M
InterestExpenseNonOperating209.80M199.66M139.68M104.00M
InterestIncomeNonOperating2.80M2.00M489.00K4.14M
OperatingIncome183.27M178.66M163.10M53.87M
OperatingExpense354.84M281.05M248.53M130.99M
OtherOperatingExpenses195.97M161.52M137.29M90.89M
OtherTaxes24.71M21.62M16.97M11.51M
SellingGeneralAndAdministration134.16M97.91M94.27M28.59M
GeneralAndAdministrativeExpense134.16M97.91M94.27M28.59M
OtherGandA134.16M97.91M94.27M28.59M
GrossProfit538.11M459.70M411.63M184.87M
CostOfRevenue944.82M796.71M801.86M477.18M
TotalRevenue1.48B1.26B1.21B662.04M
OperatingRevenue1.47B1.24B1.20B658.30M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber59.93M57.10M45.68M37.79M
ShareIssued59.93M57.10M45.68M37.79M
NetDebt3.50B3.56B3.36B2.29B
TotalDebt3.53B3.60B3.40B2.37B
TangibleBookValue-3.63B-1.13B-1.54B-786.04M
InvestedCapital527.60M3.03B2.53B2.31B
WorkingCapital-123.80M7.16M14.04M-23.41M
NetTangibleAssets-3.63B-1.13B-1.54B-786.04M
CapitalLeaseObligations30.19M38.55M28.83M61.66M
CommonStockEquity-2.98B-530.82M-839.77M10.00K
TotalCapitalization387.40M3.03B2.53B2.25B
TotalEquityGrossMinorityInterest2.98B2.63B2.27B1.01B
MinorityInterest5.96B3.16B3.11B1.01B
StockholdersEquity-2.98B-530.82M-839.77M10.00K
OtherEquityInterest1.00K
RetainedEarnings-2.98B-723.52M-958.63M0.00
AdditionalPaidInCapital0.00192.68M118.84M0.00
CapitalStock15.00K15.00K14.00K10.00K
CommonStock15.00K15.00K14.00K10.00K
TotalLiabilitiesNetMinorityInterest3.84B3.87B3.65B2.55B
TotalNonCurrentLiabilitiesNetMinorityInterest3.42B3.62B3.42B2.31B
OtherNonCurrentLiabilities2.15M3.22M2.68M3.06M
DerivativeProductLiabilities1.94M5.36M8.33M200.00K
NonCurrentDeferredLiabilities37.75M39.01M33.71M18.86M
NonCurrentDeferredRevenue20.98M25.76M22.69M11.67M
NonCurrentDeferredTaxesLiabilities16.76M13.24M11.02M7.19M
LongTermDebtAndCapitalLeaseObligation3.38B3.57B3.37B2.28B
LongTermCapitalLeaseObligation11.49M9.35M6.02M29.89M
LongTermDebt3.36B3.56B3.37B2.25B
CurrentLiabilities418.55M250.14M227.83M240.93M
OtherCurrentLiabilities45.70M9.52M13.21M7.01M
CurrentDebtAndCapitalLeaseObligation158.90M29.20M22.81M86.06M
CurrentCapitalLeaseObligation18.70M29.20M22.81M31.78M
CurrentDebt140.20M54.28M
OtherCurrentBorrowings54.28M
LineOfCredit140.20M0.00
PayablesAndAccruedExpenses213.95M211.42M191.81M147.86M
CurrentAccruedExpenses171.18M176.79M154.41M131.34M
InterestPayable6.13M33.76M24.82M0.00
Payables42.78M34.63M37.41M16.52M
TotalTaxPayable15.54M632.00K19.51M4.30M
AccountsPayable27.24M34.00M17.90M12.22M
TotalAssets6.81B6.50B5.92B3.55B
TotalNonCurrentAssets6.52B6.24B5.68B3.34B
NonCurrentDeferredAssets280.99M320.88M32.27M22.32M
NonCurrentDeferredTaxesAssets204.00M235.63M0.00
FinancialAssets65.00K165.00K0.00
InvestmentsAndAdvances2.12B2.54B2.38B626.48M
LongTermEquityInvestment2.12B2.54B2.38B626.48M
GoodwillAndOtherIntangibleAssets657.57M596.75M700.47M786.05M
OtherIntangibleAssets652.49M591.67M695.39M786.05M
Goodwill5.08M5.08M5.08M0.00
NetPPE3.46B2.78B2.56B1.90B
AccumulatedDepreciation-813.37M-626.22M-474.26M-337.03M
GrossPPE4.28B3.41B3.04B2.24B
ConstructionInProgress215.17M74.37M70.33M24.89M
OtherProperties29.81M37.57M28.55M61.56M
MachineryFurnitureEquipment4.00B3.27B2.92B2.13B
LandAndImprovements30.71M23.85M21.48M19.63M
CurrentAssets294.76M257.30M241.87M217.52M
OtherCurrentAssets36.70M29.26M24.47M20.68M
HedgingAssetsCurrent2.31M7.81M6.96M0.00
RestrictedCash140.20M0.00
Receivables111.94M215.72M204.04M178.11M
AccountsReceivable111.94M215.72M204.04M178.11M
AllowanceForDoubtfulAccountsReceivable-1.00M-1.00M-1.00M-1.00M
GrossAccountsReceivable112.94M216.72M205.04M179.11M
CashCashEquivalentsAndShortTermInvestments3.61M4.51M6.39M18.73M
CashAndCashEquivalents3.61M4.51M6.39M18.73M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow361.47M254.93M391.43M152.86M
RepurchaseOfCapitalStock0.00-5.76M0.000.00
RepaymentOfDebt-1.28B-1.35B-3.17B-166.05M
IssuanceOfDebt1.22B1.55B3.56B68.69M
CapitalExpenditure-275.87M-329.55M-221.58M-82.71M
InterestPaidSupplementalData244.60M207.70M120.27M108.39M
IncomeTaxPaidSupplementalData560.00K480.00K0.000.00
EndCashPosition3.61M4.51M6.39M18.73M
BeginningCashPosition4.51M6.39M18.73M19.59M
ChangesInCash-904.00K-1.88M-12.34M-862.00K
FinancingCashFlow-461.36M99.96M-339.21M-136.81M
CashFlowFromContinuingFinancingActivities-461.36M99.96M-339.21M-136.81M
NetOtherFinancingCharges-222.35M-11.94M-689.93M-39.45M
CashDividendsPaid-175.21M-81.35M-41.15M0.00
PreferredStockDividendPaid0.000.00-1.85M0.00
CommonStockDividendPaid-175.21M-81.35M-39.30M0.00
NetPreferredStockIssuance-183.30M0.00
PreferredStockPayments-183.30M0.00
NetCommonStockIssuance0.00-5.76M0.000.00
CommonStockPayments0.00-5.76M0.000.00
NetIssuancePaymentsOfDebt-63.80M199.00M391.87M-97.36M
NetLongTermDebtIssuance-63.80M199.00M391.87M-97.36M
LongTermDebtPayments-1.28B-1.35B-3.17B-166.05M
LongTermDebtIssuance1.22B1.55B3.56B68.69M
InvestingCashFlow-176.89M-686.32M-286.13M-99.62M
CashFlowFromContinuingInvestingActivities-176.89M-686.32M-286.13M-99.62M
NetOtherInvestingChanges409.00K358.00K219.00K
DividendsReceivedCFI4.06M6.68M0.000.00
NetBusinessPurchaseAndSale94.52M-363.80M-64.77M-16.91M
SaleOfBusiness524.39M0.0013.40M3.61M
PurchaseOfBusiness-429.87M-363.80M-78.17M-20.52M
CapitalExpenditureReported-275.87M-329.55M-221.58M-82.71M
OperatingCashFlow637.35M584.48M613.01M235.57M
CashFlowFromContinuingOperatingActivities637.35M584.48M613.01M235.57M
DividendReceivedCFO289.99M272.49M256.76M68.33M
ChangeInWorkingCapital-43.40M-4.06M24.68M-24.54M
ChangeInOtherCurrentLiabilities-606.00K701.00K179.00K786.00K
ChangeInOtherCurrentAssets8.00M-5.91M-4.24M-11.48M
ChangeInPayablesAndAccruedExpense-43.76M13.28M37.07M74.64M
ChangeInAccruedExpense-2.91M-6.52M38.67M77.36M
ChangeInPayable-40.85M19.80M-1.60M-2.72M
ChangeInAccountPayable-40.85M19.80M-1.60M-2.72M
ChangeInReceivables-7.03M-12.13M-8.33M-88.49M
ChangesInAccountReceivables-7.03M-12.13M-8.33M-88.49M
OtherNonCashItems14.26M12.81M957.00K14.50M
StockBasedCompensation76.54M55.98M42.78M0.00
AssetImpairmentCharge0.000.00
DeferredTax19.50M-233.40M2.09M1.86M
DeferredIncomeTax19.50M-233.40M2.09M1.86M
DepreciationAmortizationDepletion324.20M280.99M260.35M243.56M
DepreciationAndAmortization324.20M280.99M260.35M243.56M
OperatingGainsLosses-287.97M-186.79M-225.34M-69.64M
EarningsLossesFromEquityInvestments-302.99M-200.01M-180.96M-63.07M
GainLossOnInvestmentSecurities10.46M-8.05M-84.97M-6.94M
NetIncomeFromContinuingOperations244.23M386.45M250.72M1.48M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for KNTK
Date User Asset Broker Type Position Size Entry Price Patterns