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Kinetik Holdings Inc KNTK

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Stock XNYS Rating as of
$37.85 −0.49 (1.28%)
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Company Report

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Kinetik's Investments Bear Fruit in 2024

Stephen Ellis,

Kinetik Holdings is a midstream operator providing pipeline and gathering and processing services to E&P companies in the Permian Basin. In 2024, the volumes handled by its pipeline activities will evenly split between gas and natural gas liquids (NGLs) with less than 10% from crude oil. Its gathering and processing services collect and process natural gas and NGLs in order to feed them into its own pipelines for sale at the local Waha hub. Alternatively, the molecules will be transferred to larger transit pipelines to access the larger and more lucrative international export demand for liquefied natural gas (LNG) and from China for natural gas liquids.

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Price vs Fair Value

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KNTK is trading at a 3% discount.
Price
$37.85
Fair Value
$14.00
Uncertainty
Medium
1-Star Price
$43.26
5-Star Price
$96.70
Economic Moat
Cctt
Capital Allocation
Jblkcnbv

Bulls Say, Bears Say

Bulls

Kinetik will benefit from increased LNG export capacity on the Gulf Coast, which will drive demand for its gas.

Bears

The lack of operator status on Kinetik’s joint venture pipelines means that the operator could make decisions that would benefit its own investments and negatively impact Kinetik’s assets.

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News

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Trading Information

Previous Close Price
$38.34
Day Range
$37.65–38.56
52-Week Range
$26.32–40.42
Bid/Ask
$34.00 / $55.00
Market Cap
$2.26 Bil
Volume/Avg
409,710 / 634,196

Key Statistics

Price/Earnings (Normalized)
6.28
Price/Sales
4.40
Dividend Yield (Trailing)
7.93%
Dividend Yield (Forward)
7.93%
Total Yield
8.18%

Company Profile

Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Small Value
Total Number of Employees
330
Website
https://www.kinetik.com

Competitors

Valuation

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Metric
KNTK
KMI
ET
Price/Earnings (Normalized)
 6.2816.4112.47
Price/Book Value
 —1.331.72
Price/Sales
 4.402.660.63
Price/Cash Flow
 9.406.444.92
Price/Earnings
KNTK
KMI
ET

Financial Strength

Metric
KNTK
KMI
ET
Quick Ratio
 0.880.330.83
Current Ratio
 1.030.501.10
Interest Coverage
 1.762.803.17
Quick Ratio
KNTK
KMI
ET

Profitability

Metric
KNTK
KMI
ET
Return on Assets (Normalized)
 7.10%3.46%5.62%
Return on Equity (Normalized)
 —7.89%21.72%
Return on Invested Capital (Normalized)
 10.02%6.00%9.25%
Return on Assets
KNTK
KMI
ET
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