KNTK - Kinetik Holdings Inc. Stock Price, Fair Value and News

39.04USD-0.16 (-0.41%)Market Closed

Market Summary

USD39.04-0.16

Market Closed

-0.41%

KNTK Alerts

1 major insider buys and 4 major insider sales recently.

KNTK Stock Price

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KNTK RSI Chart

KNTK Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

5.24

Price/Sales (Trailing)

1.61

EV/EBITDA

8.69

Price/Free Cashflow

7.45

KNTK Price/Sales (Trailing)

KNTK Profitability

EBT Margin

12.22%

Return on Equity

-72.8%

Return on Assets

5.95%

Free Cashflow Yield

13.43%

KNTK Fundamentals

KNTK Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

18.06%

Rev. Growth (Qtr)

5.62%

KNTK Earnings

Earnings (TTM)

386.5M

Earnings Growth (Yr)

451.68%

Earnings Growth (Qtr)

519.87%

Breaking Down KNTK Revenue

Last 7 days

0.3%

Last 30 days

-0.7%

Last 90 days

16.1%

Trailing 12 Months

29.9%

How does KNTK drawdown profile look like?

KNTK Financial Health

Current Ratio

1.03

Debt/Equity

-6.71

Debt/Cashflow

0.16

KNTK Investor Care

Dividend Yield

7.68%

Dividend/Share (TTM)

Shares Dilution (1Y)

24.48%

Diluted EPS (TTM)

2.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	1.2B	1.2B	1.2B	1.3B
2022	771.2M	971.0M	1.1B	1.2B
2021	517.2M	621.3M	747.7M	662.0M
2020	142.8M	150.3M	156.5M	409.9M
2019	100.1M	111.7M	120.3M	135.8M
2018	27.2M	38.2M	58.3M	78.4M
2017	0	0	0	15.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Kinetik Holdings Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 04, 2024	ordemann william	acquired	-	-	413	-
Mar 28, 2024	wall matthew	sold	-228,965	39.82	-5,750	see remarks
Mar 28, 2024	carpenter todd	sold	-99,550	39.82	-2,500	see remarks
Mar 22, 2024	howard trevor	sold	-263,340	37.62	-7,000	see remarks
Mar 18, 2024	welch jamie	bought	499,972	33.75	14,814	see remarks
Mar 18, 2024	apache corp	sold	-441,446,000	33.75	-13,079,900	-
Mar 18, 2024	psencik anne	sold	-444,000	37.00	-12,000	see remarks
Mar 12, 2024	howard trevor	sold	-59,371	35.68	-1,664	see remarks
Mar 11, 2024	carpenter todd	sold	-113,184	35.57	-3,182	see remarks
Mar 11, 2024	stellato steven	sold	-113,077	35.57	-3,179	see remarks

Which funds bought or sold KNTK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-3,000	-	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	added	38.35	74,332	188,426	-%
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	58.00	359	-%
Apr 25, 2024	Bank of New York Mellon Corp	added	11.75	4,361,840	17,420,600	-%
Apr 25, 2024	Allworth Financial LP	reduced	-60.00	-174	160	-%
Apr 24, 2024	CHILDRESS CAPITAL ADVISORS, LLC	unchanged	-	117,010	721,049	0.21%
Apr 24, 2024	Catalyst Capital Advisors LLC	added	56.77	4,113,790	8,834,910	0.21%
Apr 24, 2024	CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT	added	200	9,734,940	13,490,900	1.14%
Apr 23, 2024	GRAHAM CAPITAL WEALTH MANAGEMENT, LLC	reduced	-3.13	282,932	2,108,880	3.60%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-4,721,120	-	-%

Are Funds Buying or Selling KNTK?

Are funds buying KNTK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KNTK

No. of Funds

KNTK Alerts

1 major insider buys and 4 major insider sales recently.

Unveiling Kinetik Holdings Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 20, 2024	apa corp	0%	0	SC 13D/A
Mar 11, 2024	isq global fund ii gp llc	39.1%	34,086,514	SC 13D/A
Mar 11, 2024	blackstone holdings iii l.p.	60.3%	69,988,700	SC 13D/A
Dec 18, 2023	apa corp	22.9%	13,079,871	SC 13D/A
Nov 27, 2023	isq global fund ii gp llc	39.6%	33,481,450	SC 13D/A
Nov 27, 2023	blackstone holdings iii l.p.	60.6%	68,746,815	SC 13D/A
Aug 18, 2023	apa corp	39.2%	20,485,398	SC 13D/A
Aug 18, 2023	isq global fund ii gp llc	40.1%	32,880,412	SC 13D/A
Aug 18, 2023	blackstone holdings iii l.p.	60.9%	67,513,192	SC 13D/A
May 19, 2023	isq global fund ii gp llc	40.6%	32,285,102	SC 13D/A

Recent SEC filings of Kinetik Holdings Inc.

View All Filings

Date Filed	Form Type	Document
Apr 08, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Apr 04, 2024	3	Insider Trading
Apr 04, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 28, 2024	144	Notice of Insider Sale Intent
Mar 28, 2024	144	Notice of Insider Sale Intent

Kinetik Holdings Inc. News

Latest updates

Kinetik Holdings Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.6%	349	330	296	281	295	325	336	257	212	167	136	148	297	40.00	32.00	41.00	44.00	34.00	24.00	34.00	28.00
Costs and Expenses	0.3%	293	292	259	254	250	279	295	238	206	151	135	117	1,367	21.00	20.00	22.00	1,322	41.00	29.00	30.00	24.00
S&GA Expenses	8.9%	25.00	23.00	23.00	28.00	22.00	23.00	26.00	23.00	11.00	7.00	5.00	6.00	13.00	3.00	3.00	4.00	2.00	3.00	2.00	3.00	2.00
EBITDA Margin	-6.2%	0.51*	0.54*	0.53*	0.51*	0.52*	0.50*	0.53*	0.47*	0.54*	-0.80*	-1.05*	-1.36*	-2.02*	-7.79*	-8.33*	-8.88*	-9.07*	0.25*	-	-	-
Interest Expenses	3.4%	42.00	40.00	89.00	37.00	44.00	24.00	27.00	26.00	27.00	27.00	27.00	27.00	105	0.00	-	-	0.00	-0.81	1.00	0.00	-
Income Taxes	-18130.5%	-234	1.00	0.00	0.00	0.00	1.00	0.00	1.00	1.00	1.00	-	-	2.00	-	-	-0.70	-0.01	-	-	-	-1.53
Earnings Before Taxes	-27.0%	32.00	44.00	72.00	5.00	49.00	51.00	132	22.00	-5.27	6.00	-15.37	18.00	-1,175	31.00	16.00	-26.07	-1,265	-8.69	-5.93	6.00	4.00
EBT Margin	-13.5%	0.12*	0.14*	0.15*	0.19*	0.21*	0.18*	0.16*	0.01*	0.01*	-1.56*	-1.84*	-2.15*	-2.82*	-7.95*	-8.54*	-9.15*	-9.38*	-0.04*	-	-	-
Net Income	519.9%	267	43.00	72.00	4.00	48.00	49.00	131	21.00	-5.93	5.00	-15.37	18.00	-1,177	31.00	16.00	-25.37	-363	-8.19	-5.50	6.00	1.00
Net Income Margin	120.8%	0.31*	0.14*	0.15*	0.19*	0.21*	0.17*	0.16*	0.01*	0.00*	-1.57*	-1.84*	-2.15*	-2.82*	-2.18*	-2.54*	-2.82*	-2.74*	-0.06*	-	-	-
Free Cashflow	25.8%	112	89.00	10.00	61.00	114	95.00	128	69.00	59.00	44.00	33.00	22.00	-187	48.00	28.00	32.00	-10.88	-29.97	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.4%	6,497	6,286	6,227	6,125	5,920	6,007	5,996	6,014	3,553	1,866	1,854	1,843	1,800	1,756	1,642	1,589	1,501	2,662	2,445	1,868	1,857
Current Assets	-10.8%	257	288	248	246	242	319	342	309	218	130	98.00	76.00	43.00	20.00	21.00	38.00	32.00	50.00	394	226	468
Cash Equivalents	6517.6%	5.00	0.00	2.00	2.00	6.00	12.00	5.00	18.00	19.00	35.00	19.00	31.00	20.00	2.00	2.00	19.00	50.00	3.00	377	177	450
Inventory	-	3.00	-	-	-	5.00	-	-	-	3.00	3.00	3.00	4.00	4.00	4.00	4.00	4.00	4.00	15.00	6.00	6.00	6.00
Net PPE	0.8%	2,743	2,720	2,692	2,634	2,535	2,529	2,481	2,478	1,839	189	191	193	196	205	207	209	206	1,443	1,449	1,360	1,227
Goodwill	0%	5.00	5.00	5.00	5.00	5.00	5.00	4.00	4.00	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-1.2%	3,870	3,916	3,890	3,850	3,647	3,780	3,363	3,505	2,546	878	880	906	863	844	749	713	597	428	202	135	131
Current Liabilities	-0.4%	250	251	199	248	228	285	306	389	241	27.00	25.00	22.00	30.00	17.00	12.00	13.00	34.00	56.00	71.00	101	99.00
Long Term Debt	-1.2%	3,563	3,607	3,626	3,512	3,369	3,448	2,971	2,894	2,253	657	657	657	624	580	493	468	396	235	-	-	-
Shareholder's Equity	-Infinity%	-530	-	-	-	-839	-	-	-	0.00	0.00	0.00	0.00	0.00	72.00	69.00	70.00	0.00	444	449	228	-
Retained Earnings	22.2%	-723	-929	-902	-863	-958	-941	-1,181	-1,137	-	-484	-506	-369	-369	-400	-402	-369	-392	-29.02	-24.16	-212	-213
Additional Paid-In Capital	110.0%	193	92.00	-	230	119	107	-	-	-	-	-	38.00	122	474	474	122	40.00	474	474	441	-
Accumulated Depreciation	-	626	-	-	-	474	-	-	-	25.00	22.00	19.00	16.00	13.00	10.00	7.00	4.00	1.00	52.00	40.00	32.00	24.00
Shares Outstanding	-2.8%	52.00	53.00	49.00	47.00	42.00	42.00	39.00	37.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	17.00
Float	-	-	-	639	-	-	-	565	-	-	-	219	-	-	-	41.00	-	-	-	245	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	2.5%	178,895	174,538	111,456	119,591	159,762	184,326	170,525	98,393	76,219	65,140	52,616	41,594	-35,351	50,650	35,259	51,538	36,837	17,748	11,634	10,054	661
Share Based Compensation	-	-	-	-	-	11,801	12,700	12,200	6,132	-	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	23.0%	-103,720	-134,697	-201,435	-246,468	-69,712	-147,359	-49,667	-19,392	-18,298	-18,806	-21,460	-41,057	-204,306	-125,985	-77,680	-97,615	-188,641	-617,349	-415,147	-282,551	-175,100
Cashflow From Financing	-68.4%	-70,733	-42,010	90,232	122,467	-95,384	-30,558	-133,185	-80,084	-74,371	-30,197	-43,037	10,795	212,941	75,438	25,000	59,395	155,193	225,275	602,995	-	624,374
Dividend Payments	6.8%	23,322	21,834	19,269	16,927	14,947	13,112	11,239	-	5,600	5,600	5,600	5,600	-	-	-	-	-	-	-	-	-
Buy Backs	100.0%	-	-21.50	3,325	2,432	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

KNTK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

^[2]

Dec. 31, 2021

^[2]

Operating revenues:

Gain on redemption of mandatorily redeemable Preferred units

^[1]

$ 1,256,412

$ 1,213,490

$ 662,044

Operating costs and expenses:

Costs of sales (exclusive of depreciation and amortization expenses)

^[3],[4]

515,721

541,518

233,619

Operating expenses

161,520

137,289

90,894

Ad valorem taxes

21,622

16,970

11,512

General and administrative expenses

97,906

94,268

28,588

Depreciation and amortization expenses

280,986

260,345

243,558

Loss on disposal of assets

19,402

12,611

382

Total operating costs and expenses

1,097,157

1,063,001

608,553

Operating income

159,255

150,489

53,491

Other income (expense):

Interest and other income

2,004

489

4,143

Gain on redemption of mandatorily redeemable Preferred Units

9,580

(Loss) gain on debt extinguishment

(1,876)

(27,975)

Gain on embedded derivative

89,050

Interest expense

(205,854)

(149,252)

(117,365)

Equity in earnings of unconsolidated affiliates

200,015

180,956

63,074

Total other (expense) income, net

(5,711)

102,848

(50,144)

Income before income taxes

153,544

253,337

3,347

Income tax expense (benefit)

(232,908)

2,616

1,865

Net income including noncontrolling interest

386,452

250,721

1,482

Net income attributable to Preferred Unit limited partners

115,203

Net income attributable to common shareholders

386,452

135,518

1,482

Net income attributable to Common Unit limited partners

97,010

94,783

1,482

Net income attributable to Class A Common Stock Shareholders

$ 289,442

$ 40,735

$ 0

Net income attributable to Class A Common Shareholders per share

Basic (in USD per share)

$ 5.25

$ 1.47

$ 0

Diluted (in USD per share)

$ 2.52

$ 1.47

$ 0

Weighted-average shares

Basic (in shares)

^[5],[6]

51,823

41,630

Diluted (in shares)

^[5],[6]

146,197

41,665

Service revenue

Operating revenues:

Gain on redemption of mandatorily redeemable Preferred units

$ 417,751

$ 393,954

$ 272,677

Product revenue

Operating revenues:

Gain on redemption of mandatorily redeemable Preferred units

822,410

806,353

385,622

Other revenue

Operating revenues:

Gain on redemption of mandatorily redeemable Preferred units

$ 16,251

$ 13,183

$ 3,745

[1]	Includes amounts of $104.1 million, $107.7 million, and $7.3 million associated with related parties for the years ended December 31, 2023, 2022, and 2021, respectively. Refer to Note 18—Related Party Transactions in the Notes to our Consolidated Financial Statements in this Annual Report for further information
[2]	The results of the legacy ALTM business are not included in the Company’s consolidated financials prior to February 22, 2022. Refer to the Annual Report basis of presentation in Note 1—Description of Business and Basis of Presentation in the Notes to Consolidated Financial Statements in this Annual Report, for further information.
[3]	Includes related party amounts of $59.1 million, $39.3 million, and $62.9 million for the years ended December 31, 2023, 2022, and 2021, respectively. Refer to Note 18—Related Party Transactions in the Notes to our Consolidated Financial Statements in this Annual Report for further information.
[4]	Cost of sales (exclusive of depreciation and amortization) is net of gas service revenues totaling $148.3 million, $70.4 million and $29.7 million for the years ended December 31, 2023, 2022 and 2021, respectively, for certain volumes where we act as principal.
[5]	Share and per share amounts have been retrospectively restated to reflect the Company’s reverse stock split, which was effected June 8, 2022. Refer to Note 11—Equity and Warrants in the Notes to our Consolidated Financial Statements in this Annual Report for further information
[6]	Weighted average Class A common shares have been retrospectively restated due to bonus effect of Class A common shares issued under the Reinvestment Agreement for all periods presented in which the Class A common shares were outstanding.

KNTK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

CURRENT ASSETS:

Cash and cash equivalents

$ 4,510

$ 6,394

Accounts receivable, net of allowance for credit losses of $1,000 in 2023 and 2022

^[1]

215,721

204,036

Derivative assets

7,812

6,963

Prepaid and other current assets

29,256

24,474

Current assets

257,299

241,867

NONCURRENT ASSETS:

Property, plant and equipment, net

2,743,227

2,535,212

Intangible assets, net

591,670

695,389

Derivative asset, non-current

165

Operating lease right-of-use assets

37,569

28,551

Deferred tax asset

235,627

Deferred charges and other assets

85,250

32,275

Investments in unconsolidated affiliates

2,540,989

2,381,340

Goodwill

5,077

Noncurrent assets

6,239,574

5,677,844

Total assets

6,496,873

5,919,711

CURRENT LIABILITIES:

Accounts payable

34,000

17,899

Accrued expenses

177,421

173,914

Derivative liabilities

1,734

5,718

Current portion of operating lease liabilities

29,203

22,810

Other current liabilities

7,786

7,487

Current liabilities

250,144

227,828

NONCURRENT LIABILITIES

Long term debt, net

3,562,809

3,368,510

Contract liabilities

25,761

22,693

Operating lease liabilities

9,349

6,023

Derivative liabilities

5,363

8,328

Other liabilities

3,219

2,677

Deferred tax liabilities

13,244

11,018

Noncurrent liabilities

3,619,745

3,419,249

Total liabilities

3,869,889

3,647,077

COMMITMENTS AND CONTINGENCIES (NOTE 17)

Redeemable noncontrolling interest — Common Unit limited partners

3,157,807

3,112,409

EQUITY:

Additional paid-in capital

192,678

118,840

Accumulated deficit

(723,516)

(958,629)

Total equity

(530,823)

(839,775)

Total liabilities, noncontrolling interest, and equity

6,496,873

5,919,711

Class A Common Stock

EQUITY:

Common stock

^[2]

Class C Common Stock

EQUITY:

Common stock

^[2]

$ 9

[1]	Includes amounts of $15.8 million and $17.6 million associated with related parties as of December 31, 2023 and 2022, respectively. Refer to Note 18—Related Party Transactions in the Notes to our Consolidated Financial Statements in this Annual Report for further information.
[2]	Share amounts have been retrospectively restated to reflect the Company’s reverse stock split, which was effected June 8, 2022. Refer to Note 11—Equity and Warrants in the Notes to our Consolidated Financial Statements in this Annual Report for further information.

About Kinetik Holdings Inc.

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. Kinetik Holdings Inc. was founded in 2017 and is based in Houston, Texas.

CEO	Mr. Jamie W. Welch
WEBSITE	kinetik.com
INDUSTRY	Oil - Midstream
EMPLOYEES	300

Kinetik Holdings Inc. Frequently Asked Questions

What is the ticker symbol for Kinetik Holdings Inc.? What does KNTK stand for in stocks?

KNTK is the stock ticker symbol of Kinetik Holdings Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Kinetik Holdings Inc. (KNTK)?

As of Fri Apr 26 2024, market cap of Kinetik Holdings Inc. is 2.02 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KNTK stock?

You can check KNTK's fair value in chart for subscribers.

What is the fair value of KNTK stock?

You can check KNTK's fair value in chart for subscribers. The fair value of Kinetik Holdings Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Kinetik Holdings Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KNTK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Kinetik Holdings Inc. a good stock to buy?

The fair value guage provides a quick view whether KNTK is over valued or under valued. Whether Kinetik Holdings Inc. is cheap or expensive depends on the assumptions which impact Kinetik Holdings Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KNTK.

What is Kinetik Holdings Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, KNTK's PE ratio (Price to Earnings) is 5.24 and Price to Sales (PS) ratio is 1.61. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KNTK PE ratio will change depending on the future growth rate expectations of investors.