Kinetik Holdings Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Houston & midland, texas--(business wire)--kinetik announces first quarter dividend and financial results timing.

Long-term agreement represents a new model for delivering decarbonization benefits across heavy transport and chemical industries sacramento, calif. , april 16, 2024 /prnewswire/ -- efuels leader, infinium, has reached an agreement with a subsidiary of midstream energy company  kinetik holdings inc. (nyse: kntk) ("kinetik") to purchase carbon dioxide ("co2") captured from kinetik's gas gathering and processing system in the permian basin for use as a feedstock in the production of ultra-low carbon electrofuels ("efuels").

Houston & midland, texas--(business wire)--kinetik announces changes to its board of directors.

Houston & midland, texas--(business wire)--kinetik holdings inc. (nyse: kntk) (“kinetik” or the “company”) today announced that one of its subsidiaries has entered into an agreement with pnc bank, national association for a $150 million accounts receivable securitization facility (“a/r facility”) which matures april 2025 with an ongoing renewal mechanism. the initial borrowing base of $150 million will vary with the value of the company's accounts receivable balance. borrowings under the a/r fa.

Houston & midland, texas--(business wire)--kinetik holdings inc. (nyse: kntk) (“kinetik” or the “company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its class a common stock (the “offering”) by apache midstream llc (the “selling stockholder”), a subsidiary of apache corporation, at a price of $33.75 per share. kinetik is not selling any shares of class a common stock in the offering and will not receive the proceeds from any sale of shares by the.

Today, we revisit Kinetik Holdings Inc. whose stock yields just over nine percent. The company expects to cut capex spending by $390 million in FY24, covering a significant amount of the annual disbursement. Recent insider buying and the company's strong financials merited another deep dive.

Kinetik Holdings is an energy firm that offers comprehensive gathering, processing, and transportation services in the Permian Basin. The company has experienced significant revenue growth in the past three years, driven by robust demand for oil and natural gas. KNTK has been consistently paying dividends and has a solid dividend yield of 8.94%, making it an attractive stock for dividend seeking investors.

Kinetik Holdings has a high amount of debt, which has affected its margins and may lead to share dilution. KNTK operates in the Permian Basin and is embarking on ambitious expansion projects, but managing the financial aspects will be critical for growth. Earnings results for the company were mixed, but the dividend is currently over 11% and sustainable at a payout ratio of 74%.

Kinetik Holdings Inc. (KNTK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Kinetik Holdings offers an 8.8%-yielding payout. Plains All American Pipeline has plenty of room to grow its 8%-yielding payout.

Kinetik is a pure-play midstream firm in the Permian Basin. Its balance sheet is in mediocre shape, and when combined with a capex backlog, some are concerned. Selling its non-operated stake in Gulf Coast Express raises money at a great price to rotate into higher return projects.

Kinetik Holdings, Inc. (NYSE:KNTK ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Maddie Wagner - Director, IR Jamie Welch - President & CEO Trevor Howard - VP of Finance Matt Wall - Chief Operating Officer Steve Stellato - Chief Accounting and Administrative Officer Tod Carpenter - General Counsel Chris Kendrick - VP of Commercial Tyler Mylan - VP of Commercial Conference Call Participants Spiro Dounis - Citigroup Tristan Richardson - Scotiabank Indraneel Mitra - Bank of America Keith Stanley - Wolfe Research Robert Mosca - Mizuho Securities Operator Hello, everyone, and welcome to the Kinetik First Quarter 2023 Earnings Call. My name is Chach, and I'll be the coordinator for this conference.

Kinetik Holdings Inc. (KNTK) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.37. This compares to earnings of $0.18 per share a year ago.

Given the current uncertainty, I believe high-quality, favorably valued, and low-risk investments warrant increased attention. Some midstream energy companies boast durable revenue, profitability, and well-supported high dividend yields.

Public and private producers are parting ways in the Permian Basin. Led by Exxon Mobil, public companies have been steadily adding rigs in.