Symbols / KNTK Stock $48.90 +1.79% Kinetik Holdings Inc.

Energy • Oil & Gas Midstream • United States • NYQ
KNTK (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Mr. Jamie W. Welch
Exch · Country NYQ · United States
Market Cap 3.60B
Enterprise Value 12.00B
Income 157.42M
Sales 1.73B
FCF (ttm) -117.93M
Book/sh -24.26
Cash/sh 0.03
Employees 500
Insider 10d —
IPO Nov 13, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 125.50%
P/E 19.48
Forward P/E 23.06
PEG 3.49
P/S 2.08
P/B -2.02
P/C —
EV/EBITDA 21.40
EV/Sales 6.93
Quick Ratio 0.18
Current Ratio 0.59
Debt/Eq 136.84
LT Debt/Eq —
EPS (ttm) 2.51
EPS next Y 2.12
EPS Growth —
Revenue Growth -7.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA 1.49%
ROE 17.47%
ROIC —
Gross Margin 40.83%
Oper. Margin -0.94%
Profit Margin 28.97%
Shs Outstand 73.60M
Shs Float 54.92M
Insider Own 8.01%
Instit Own 98.08%
Short Float 12.67%
Short Ratio 5.96
Short Interest 6.55M
52W High 51.11
vs 52W High -4.32%
52W Low 31.33
vs 52W Low 56.08%
Beta 0.84
Impl. Vol. 3.13%
Rel Volume 0.64
Avg Volume 1.37M
Volume 882.52K
Target (mean) $50.57
Tgt Median $51.00
Tgt Low $46.00
Tgt High $55.00
# Analysts 14
Recom Buy
Prev Close $48.04
Price $48.90
Change 1.79%
About

Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It 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. The company also sells condensates, natural gas residue, and NGLs. Kinetik Holdings Inc. was founded in 2017 and is headquartered in Midland, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$50.57
Mean price target
2. Current target
$48.90
Latest analyst target
3. DCF / Fair value
$-28.84
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$48.90
Low
$46.00
High
$55.00
Mean
$50.57

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-12 main Citigroup Buy → Buy $52
2026-05-12 main Scotiabank Sector Outperform → Sector Outperform $52
2026-04-28 main Mizuho Outperform → Outperform $51
2026-04-16 main RBC Capital Outperform → Outperform $50
2026-04-15 main Jefferies Hold → Hold $50
2026-04-10 main Barclays Equal-Weight → Equal-Weight $46
2026-03-25 up Wells Fargo Equal-Weight → Overweight $52
2026-03-24 init Truist Securities — → Buy $53
2026-03-19 main Barclays Equal-Weight → Equal-Weight $44
2026-03-17 main Scotiabank Sector Outperform → Sector Outperform $51
2026-03-16 main UBS Neutral → Neutral $48
2026-03-13 main Wells Fargo Equal-Weight → Equal-Weight $47
2026-03-10 main RBC Capital Outperform → Outperform $49
2026-03-05 main Scotiabank Sector Outperform → Sector Outperform $49
2026-03-05 main Barclays Equal-Weight → Equal-Weight $43
2026-03-02 main Citigroup Buy → Buy $51
2026-02-27 main Jefferies Hold → Hold $49
2026-02-27 main Wells Fargo Equal-Weight → Equal-Weight $44
2026-02-06 down Jefferies Buy → Hold $43
2026-01-22 main Jefferies Buy → Buy $43
News
RSS: Latest KNTK news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-30 ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 534,564 $49.20 $27,005,477
2026-04-29 ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 376,343 $48.01 $18,451,283
2026-04-23 ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 160,200 $48.02 $7,714,019
2026-04-06 ISQ GLOBAL FUND II GP LLC Beneficial Owner of more than 10% of a Class of Security — 1,500,000 — —
2026-03-04 STELLATO STEVEN M Officer — 2,907 $46.92 $136,396
2026-03-04 ELLIS LINDSAY General Counsel — 1,260 $46.92 $59,119
2026-03-04 WALL MATTHEW JOHN Chief Operating Officer — 3,222 $46.92 $151,176
2026-03-04 HOWARD TREVOR Chief Financial Officer — 1,619 $46.92 $75,963
2026-03-02 WELCH JAMIE Chief Executive Officer — 16,101 $0.00 $0
2026-03-02 STELLATO STEVEN M Officer — 7,245 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,764.39
+18.98%
1,482.93
+18.03%
1,256.41
+3.54%
1,213.49
Operating Revenue
1,752.72
+19.15%
1,470.99
+18.61%
1,240.16
+3.32%
1,200.31
Cost Of Revenue
1,168.59
+23.68%
944.82
+18.59%
796.71
-0.64%
801.86
Reconciled Cost Of Revenue
1,168.59
+23.68%
944.82
+18.59%
796.71
-0.64%
801.86
Gross Profit
595.80
+10.72%
538.11
+17.06%
459.70
+11.68%
411.63
Operating Expense
430.87
+21.43%
354.84
+26.26%
281.05
+13.09%
248.53
Selling General And Administration
130.62
-2.64%
134.16
+37.03%
97.91
+3.86%
94.27
General And Administrative Expense
130.62
-2.64%
134.16
+37.03%
97.91
+3.86%
94.27
Other Gand A
130.62
-2.64%
134.16
+37.03%
97.91
+3.86%
94.27
Other Operating Expenses
271.40
+38.49%
195.97
+21.33%
161.52
+17.65%
137.29
Total Expenses
1,599.46
+23.07%
1,299.66
+20.59%
1,077.76
+2.61%
1,050.39
Operating Income
164.93
-10.01%
183.27
+2.58%
178.66
+9.54%
163.10
Total Operating Income As Reported
164.92
-7.99%
179.23
+12.54%
159.25
+5.83%
150.49
EBITDA
1,184.80
+47.87%
801.26
+26.34%
634.19
-2.93%
653.37
Normalized EBITDA
770.04
+7.54%
716.02
+9.24%
655.47
+8.36%
604.90
Reconciled Depreciation
382.64
+18.03%
324.20
+15.38%
280.99
+7.93%
260.35
EBIT
802.16
+68.14%
477.06
+35.07%
353.20
-10.13%
393.02
Total Unusual Items
414.77
+386.60%
85.24
+500.59%
-21.28
-143.90%
48.46
Total Unusual Items Excluding Goodwill
414.77
+386.60%
85.24
+500.59%
-21.28
-143.90%
48.46
Special Income Charges
414.77
+386.60%
85.24
+500.59%
-21.28
+47.57%
-40.59
Other Special Charges
0.64
+20.95%
0.53
-72.01%
1.88
-93.29%
27.98
Impairment Of Capital Assets
—
—
—
0.00
Net Income
525.93
+115.34%
244.23
-36.80%
386.45
+185.17%
135.52
Pretax Income
576.66
+115.76%
267.27
+74.07%
153.54
-39.39%
253.34
Net Non Operating Interest Income Expense
-229.39
-6.97%
-214.43
-5.19%
-203.85
-37.03%
-148.76
Interest Expense Non Operating
225.50
+7.49%
209.80
+5.08%
199.66
+42.94%
139.68
Net Interest Income
-229.39
-6.97%
-214.43
-5.19%
-203.85
-37.03%
-148.76
Interest Expense
225.50
+7.49%
209.80
+5.08%
199.66
+42.94%
139.68
Interest Income Non Operating
3.98
+42.15%
2.80
+39.82%
2.00
+309.82%
0.49
Interest Income
3.98
+42.15%
2.80
+39.82%
2.00
+309.82%
0.49
Other Income Expense
641.12
+114.83%
298.43
+66.96%
178.74
-25.21%
239.00
Other Non Operating Income Expenses
—
—
—
9.58
Gain On Sale Of Security
—
—
—
89.05
Gain On Sale Of Business
415.41
+362.58%
89.80
0.00
0.00
Tax Provision
50.73
+120.22%
23.04
+109.89%
-232.91
-9003.21%
2.62
Tax Rate For Calcs
0.00
+2.09%
0.00
-58.95%
0.00
+1933.70%
0.00
Tax Effect Of Unusual Items
36.50
+396.76%
7.35
+264.43%
-4.47
-992.88%
0.50
Net Income Including Noncontrolling Interests
525.93
+115.34%
244.23
-36.80%
386.45
+54.14%
250.72
Net Income From Continuing Operation Net Minority Interest
525.93
+115.34%
244.23
-36.80%
386.45
+185.17%
135.52
Net Income From Continuing And Discontinued Operation
525.93
+115.34%
244.23
-36.80%
386.45
+185.17%
135.52
Net Income Continuous Operations
525.93
+115.34%
244.23
-36.80%
386.45
+54.14%
250.72
Minority Interests
—
0.00
0.00
+100.00%
-115.20
Normalized Income
147.66
-11.23%
166.34
-58.75%
403.26
+360.58%
87.55
Net Income Common Stockholders
165.04
+169.73%
61.19
-77.51%
272.04
+345.19%
61.10
Otherunder Preferred Stock Dividend
360.89
+97.16%
183.05
+59.98%
114.42
+53.76%
74.41
Diluted EPS
—
1.02
-57.14%
2.38
+60.81%
1.48
Basic EPS
—
1.03
-56.90%
2.39
+61.49%
1.48
Basic Average Shares
—
59.28
+14.47%
51.79
+25.32%
41.33
Diluted Average Shares
—
60.12
+15.47%
52.06
+25.87%
41.36
Diluted NI Availto Com Stockholders
165.04
+169.73%
61.19
-83.42%
369.05
+503.95%
61.10
Average Dilution Earnings
0.00
0.00
-100.00%
97.01
0.00
Earnings From Equity Interest
226.35
+6.17%
213.19
+6.59%
200.01
+10.53%
180.96
Gain On Sale Of PPE
-0.01
+99.80%
-4.04
+79.18%
-19.40
-53.85%
-12.61
Other Taxes
28.85
+16.74%
24.71
+14.30%
21.62
+27.41%
16.97
Total Other Finance Cost
7.87
+5.79%
7.44
+20.08%
6.19
-35.27%
9.57
Line Item Trend 2023-12-31
Total Assets
6,496.87
Current Assets
257.30
Cash Cash Equivalents And Short Term Investments
4.51
Cash And Cash Equivalents
4.51
Receivables
215.72
Accounts Receivable
215.72
Gross Accounts Receivable
216.72
Allowance For Doubtful Accounts Receivable
-1.00
Restricted Cash
0.00
Hedging Assets Current
7.81
Other Current Assets
29.26
Total Non Current Assets
6,239.57
Net PPE
2,780.80
Gross PPE
3,407.02
Accumulated Depreciation
-626.22
Land And Improvements
23.85
Machinery Furniture Equipment
3,271.23
Construction In Progress
74.37
Other Properties
37.57
Goodwill And Other Intangible Assets
596.75
Goodwill
5.08
Other Intangible Assets
591.67
Investments And Advances
2,540.99
Long Term Equity Investment
2,540.99
Non Current Deferred Assets
320.88
Non Current Deferred Taxes Assets
235.63
Total Liabilities Net Minority Interest
3,869.89
Current Liabilities
250.14
Payables And Accrued Expenses
211.42
Payables
34.63
Accounts Payable
34.00
Current Accrued Expenses
176.79
Total Tax Payable
0.63
Current Debt And Capital Lease Obligation
29.20
Current Debt
—
Other Current Borrowings
—
Current Capital Lease Obligation
29.20
Other Current Liabilities
9.52
Total Non Current Liabilities Net Minority Interest
3,619.74
Long Term Debt And Capital Lease Obligation
3,572.16
Long Term Debt
3,562.81
Long Term Capital Lease Obligation
9.35
Non Current Deferred Liabilities
39.01
Non Current Deferred Revenue
25.76
Non Current Deferred Taxes Liabilities
13.24
Other Non Current Liabilities
3.22
Stockholders Equity
-530.82
Common Stock Equity
-530.82
Capital Stock
0.01
Common Stock
0.01
Share Issued
57.10
Ordinary Shares Number
57.10
Treasury Shares Number
0.00
Additional Paid In Capital
192.68
Retained Earnings
-723.52
Minority Interest
3,157.81
Total Equity Gross Minority Interest
2,626.98
Total Capitalization
3,031.99
Working Capital
7.16
Invested Capital
3,031.99
Total Debt
3,601.36
Net Debt
3,558.30
Capital Lease Obligations
38.55
Net Tangible Assets
-1,127.57
Tangible Book Value
-1,127.57
Derivative Product Liabilities
5.36
Financial Assets
0.17
Interest Payable
33.76
Line Of Credit
0.00
Other Equity Interest
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
604.12
-5.21%
637.35
+9.04%
584.48
-4.65%
613.01
Cash Flow From Continuing Operating Activities
604.12
-5.21%
637.35
+9.04%
584.48
-4.65%
613.01
Net Income From Continuing Operations
525.93
+115.34%
244.23
-36.80%
386.45
+54.14%
250.72
Depreciation Amortization Depletion
382.64
+18.03%
324.20
+15.38%
280.99
+7.93%
260.35
Depreciation And Amortization
382.64
+18.03%
324.20
+15.38%
280.99
+7.93%
260.35
Other Non Cash Items
14.46
+1.43%
14.26
+11.28%
12.81
+1238.98%
0.96
Stock Based Compensation
62.62
-18.19%
76.54
+36.71%
55.98
+30.86%
42.78
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
50.66
+159.75%
19.50
+108.36%
-233.40
-11246.13%
2.09
Deferred Income Tax
50.66
+159.75%
19.50
+108.36%
-233.40
-11246.13%
2.09
Operating Gains Losses
-660.56
-129.38%
-287.97
-54.17%
-186.79
+17.11%
-225.34
Gain Loss On Investment Securities
-19.44
-285.96%
10.46
+229.86%
-8.05
+90.52%
-84.97
Change In Working Capital
-17.64
+59.36%
-43.40
-969.78%
-4.06
-116.44%
24.68
Change In Receivables
1.66
+123.66%
-7.03
+42.02%
-12.13
-45.65%
-8.33
Changes In Account Receivables
1.66
+123.66%
-7.03
+42.02%
-12.13
-45.65%
-8.33
Change In Payables And Accrued Expense
-7.98
+81.77%
-43.76
-429.46%
13.28
-64.17%
37.07
Change In Accrued Expense
-12.61
-332.92%
-2.91
+55.33%
-6.52
-116.86%
38.67
Change In Payable
4.63
+111.34%
-40.85
-306.27%
19.80
+1339.30%
-1.60
Change In Account Payable
4.63
+111.34%
-40.85
-306.27%
19.80
+1339.30%
-1.60
Change In Other Current Assets
-12.45
-255.56%
8.00
+235.36%
-5.91
-39.32%
-4.24
Change In Other Current Liabilities
1.12
+285.31%
-0.61
-186.45%
0.70
+291.62%
0.18
Investing Cash Flow
-199.09
-12.55%
-176.89
+74.23%
-686.32
-139.86%
-286.13
Cash Flow From Continuing Investing Activities
-199.09
-12.55%
-176.89
+74.23%
-686.32
-139.86%
-286.13
Capital Expenditure
-529.67
-92.00%
-275.87
+16.29%
-329.55
-48.73%
-221.58
Capital Expenditure Reported
-529.67
-92.00%
-275.87
+16.29%
-329.55
-48.73%
-221.58
Net Business Purchase And Sale
327.50
+246.49%
94.52
+125.98%
-363.80
-461.68%
-64.77
Purchase Of Business
-176.69
+58.90%
-429.87
-18.16%
-363.80
-365.39%
-78.17
Net Other Investing Changes
0.23
-44.50%
0.41
+14.25%
0.36
+63.47%
0.22
Financing Cash Flow
-404.68
+12.29%
-461.36
-561.57%
99.96
+129.47%
-339.21
Cash Flow From Continuing Financing Activities
-404.68
+12.29%
-461.36
-561.57%
99.96
+129.47%
-339.21
Net Issuance Payments Of Debt
286.80
+546.03%
-64.30
-132.31%
199.00
-49.22%
391.87
Issuance Of Debt
3,140.40
+158.26%
1,216.00
-21.67%
1,552.50
-56.45%
3,565.00
Repayment Of Debt
-2,853.60
-122.89%
-1,280.30
+5.41%
-1,353.50
+57.34%
-3,173.13
Long Term Debt Issuance
3,140.40
+158.26%
1,216.00
-21.67%
1,552.50
-56.45%
3,565.00
Long Term Debt Payments
-2,853.60
-122.89%
-1,280.30
+5.41%
-1,353.50
+57.34%
-3,173.13
Net Long Term Debt Issuance
286.80
+546.03%
-64.30
-132.31%
199.00
-49.22%
391.87
Net Common Stock Issuance
-176.00
0.00
+100.00%
-5.76
0.00
Common Stock Payments
-176.00
0.00
+100.00%
-5.76
0.00
Common Stock Dividend Paid
-193.73
-10.57%
-175.21
-115.37%
-81.35
-107.01%
-39.30
Cash Dividends Paid
-193.73
-10.57%
-175.21
-115.37%
-81.35
-97.71%
-41.15
Repurchase Of Capital Stock
-176.00
0.00
+100.00%
-5.76
0.00
Net Other Financing Charges
-321.75
-45.03%
-221.85
-1758.86%
-11.94
+98.27%
-689.93
Changes In Cash
0.34
+138.16%
-0.90
+52.02%
-1.88
+84.73%
-12.34
Beginning Cash Position
3.61
-20.04%
4.51
-29.47%
6.39
-65.86%
18.73
End Cash Position
3.95
+9.57%
3.61
-20.04%
4.51
-29.47%
6.39
Free Cash Flow
74.45
-79.40%
361.47
+41.80%
254.93
-34.87%
391.43
Interest Paid Supplemental Data
216.07
-11.67%
244.60
+17.77%
207.70
+72.69%
120.27
Income Tax Paid Supplemental Data
3.64
+550.54%
0.56
+16.67%
0.48
0.00
Dividend Received CFO
246.00
-15.17%
289.99
+6.42%
272.49
+6.12%
256.76
Dividends Received CFI
2.85
-29.71%
4.06
-39.23%
6.68
0.00
Earnings Losses From Equity Investments
-641.76
-111.81%
-302.99
-51.49%
-200.01
-10.53%
-180.96
Net Preferred Stock Issuance
—
—
—
-183.30
Preferred Stock Dividend Paid
—
0.00
0.00
+100.00%
-1.85
Preferred Stock Payments
—
—
—
-183.30
Sale Of Business
504.18
-3.85%
524.39
0.00
-100.00%
13.40
SEC Filings

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

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