RBC Capital Mkts initiated coverage on Kinetik with a new price target
$KNTK
Natural Gas Distribution
Utilities
RBC Capital Mkts initiated coverage of Kinetik with a rating of Outperform and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2025 | $55.00 | Neutral → Buy | Citigroup |
| 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 |
Citigroup upgraded Kinetik from Neutral to Buy and set a new price target of $55.00
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
Generated second quarter net income of $74.4 million and Adjusted EBITDA1 of $242.9 million Commenced commissioning at the Kings Landing Complex ("Kings Landing") with full commercial in-service expected in late September 2025, providing long overdue relief for producers with material curtailed production on the Delaware North system and allowing for resumption of new development activity Updating the Company's 2025 Adjusted EBITDA1 Guidance range to $1.03 billion to $1.09 billion Continue to expect fourth quarter 2025 annualized Adjusted EBITDA1,2 of approximately $1.2 billion Narrowing the 2025 Capital Guidance range to $460 million to $530 million, including growth and m
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. Kinetik will maintain its primary listing on the New York Stock Exchange (the "NYSE") and will commence trading on July 18, 2025 under the same ticker symbol, "KNTK," on NYSE Texas. "We are excited to join NYSE Texas as a Founding Member," said Jamie Welch, Kinetik's President & Chief Executive Officer. "We are proud of our deep roots in Texas with significant operations spanning the Permian Basin and headquarters in Houston and Midland. We look forward to further strengtheni
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, August 1, 2025 to shareholders of record as of market close on Friday, July 25, 2025. Kinetik will host its second quarter 2025 results conference call on Thursday, August 7, 2025 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 6, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available o
SCHEDULE 13G - Kinetik Holdings Inc. (0001692787) (Subject)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
CERT - Kinetik Holdings Inc. (0001692787) (Filer)
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)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G - Kinetik Holdings Inc. (0001692787) (Subject)
Generated second quarter net income of $74.4 million and Adjusted EBITDA1 of $242.9 million Commenced commissioning at the Kings Landing Complex ("Kings Landing") with full commercial in-service expected in late September 2025, providing long overdue relief for producers with material curtailed production on the Delaware North system and allowing for resumption of new development activity Updating the Company's 2025 Adjusted EBITDA1 Guidance range to $1.03 billion to $1.09 billion Continue to expect fourth quarter 2025 annualized Adjusted EBITDA1,2 of approximately $1.2 billion Narrowing the 2025 Capital Guidance range to $460 million to $530 million, including growth and m
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, August 1, 2025 to shareholders of record as of market close on Friday, July 25, 2025. Kinetik will host its second quarter 2025 results conference call on Thursday, August 7, 2025 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 6, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available o
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 the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. Kinetik will maintain its primary listing on the New York Stock Exchange (the "NYSE") and will commence trading on July 18, 2025 under the same ticker symbol, "KNTK," on NYSE Texas. "We are excited to join NYSE Texas as a Founding Member," said Jamie Welch, Kinetik's President & Chief Executive Officer. "We are proud of our deep roots in Texas with significant operations spanning the Permian Basin and headquarters in Houston and Midland. We look forward to further strengtheni
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