US Capital Advisors Expects Reduced Earnings for Kinetik

Kinetik Holdings Inc. (NASDAQ:KNTK) – Analysts at US Capital Advisors dropped their FY2026 earnings per share (EPS) estimates for Kinetik in a report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $3.12 per share for the year, down from their previous forecast of $3.19. The consensus estimate for Kinetik’s current full-year earnings is $1.44 per share.

Kinetik (NASDAQ:KNTK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.11. The firm had revenue of $359.50 million for the quarter, compared to analysts’ expectations of $305.94 million. Kinetik had a negative return on equity of 48.16% and a net margin of 30.96%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share.

Several other equities analysts have also commented on the company. Scotiabank upped their target price on Kinetik from $42.00 to $48.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 2nd. Barclays upped their price target on shares of Kinetik from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Mizuho boosted their target price on shares of Kinetik from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on Kinetik from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.71.

Kinetik Stock Performance

Kinetik stock opened at $48.88 on Tuesday. The firm’s 50-day moving average is $46.47 and its 200-day moving average is $42.78. Kinetik has a 1 year low of $31.73 and a 1 year high of $51.97. The company has a market cap of $7.51 billion, a P/E ratio of 20.03, a PEG ratio of 2.38 and a beta of 2.91.

Kinetik Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Monday, October 28th will be issued a $0.78 dividend. This is a positive change from Kinetik’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, October 28th. This represents a $3.12 annualized dividend and a dividend yield of 6.38%. Kinetik’s dividend payout ratio is 127.87%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blackstone Inc. lifted its stake in Kinetik by 13.8% during the first quarter. Blackstone Inc. now owns 11,913,154 shares of the company’s stock valued at $474,977,000 after buying an additional 1,442,653 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Kinetik by 148.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,348,540 shares of the company’s stock valued at $93,636,000 after acquiring an additional 1,402,751 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kinetik by 52.0% in the 1st quarter. Vanguard Group Inc. now owns 3,314,713 shares of the company’s stock worth $132,158,000 after purchasing an additional 1,134,570 shares during the period. Kayne Anderson Capital Advisors LP grew its position in Kinetik by 1,992.8% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,164,974 shares of the company’s stock worth $46,448,000 after purchasing an additional 1,109,308 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in Kinetik during the 1st quarter valued at $30,867,000. Institutional investors own 21.11% of the company’s stock.

Kinetik Company Profile

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.