Kinetik - Kinetik Reports Record Third Quarter 2024 Financial and ...

Nov 6, 2024 · HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)-- Kinetik Holdings Inc. (NYSE: KNTK) (“ Kinetik ” or the “ Company ”) today reported financial results for the quarter ended …

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Kinetik Holdings Reports Strong Q3 Results, Raises Guidance

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The company reported record financial results for the third quarter of 2024, showcasing significant growth in net income and adjusted EBITDA, which increased by 94% and 23% year-over-year, …

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Kinetik Reports Third Quarter 2023 Financial And Operating Results

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Nov 8, 2023 · Generated third quarter net income of $43.1 million and Adjusted EBITDA 1 of $215.3 million Achieved quarterly gas processed volumes of 1.49 Bcf/d, up 23% year-over …

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Kinetik's Q3 2024 Financial Results: Record Adjusted EBITDA, …

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Nov 6, 2024 · Kinetik Holdings Inc. reported record Q3 2024 financial results with a 94% increase in net income to $83.7 million and a 23% rise in Adjusted EBITDA to $265.7 million. The …

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Kinetik Holdings Inc (KNTK) Q3 2024 Earnings Call Highlights: …

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Nov 8, 2024 · Kinetik Holdings Inc (KNTK) reports a 23% increase in adjusted EBITDA and raises its dividend, while navigating challenges in gas pricing and strategic system connectivity.

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Kinetik Q3 2024: Net Income Surges 94%, Raises Full-Year …

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Nov 6, 2024 · • Kinetik Q3 2024 net income up 94% YoY to $83.7m• Adjusted EBITDA1 increased 23% YoY to $265.7m• Full-year 2024 Adjusted EBITDA1 guidance raised to $970m-$1bn• …

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Earnings Call: Kinetik Posts Strong Q3 Results, Raises EBITDA Guidance

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Nov 8, 2024 · Kinetik plans to issue 2025 financial guidance in February, aiming for a $1 billion adjusted EBITDA goal. The company projects an EBITDA increase of nearly 20% year-on …

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Kinetik Holdings Inc (KNTK) Q3 2024 Earnings Report Preview: …

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Nov 5, 2024 · Kinetik Holdings Inc is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $331.21 million, and the earnings are expected to …

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Kinetik Holdings Price Target Raised To $58 From $54 At Citi

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Dec 16, 2024 · Kinetik Holdings Reports Strong Q3 Results, Raises Guidance Kinetik Holdings reports Q3 EPS 35c, consensus 45c Kinetik Holdings price target raised to $55 from $47 at …

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Kinetik Holdings Q3 Profit Soars 94%, Boosts 2024 Guidance

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Nov 6, 2024 · Kinetik reports stellar Q3 with $83.7M net income, 23% EBITDA growth, and raises 2024 guidance. Company increases dividend 4% amid strong operational performance. ...

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FAQs about Kinetik - Kinetik Reports Record Third Quarter 2024 Financial and ... Coupon?

How did Kinetik holdings (KNTK) perform in Q3 2024?

Kinetik Holdings Inc (KNTK) Q3 2024 Earnings Call Highlights: Record EBITDA and Strategic ... Adjusted EBITDA: $266 million for the third quarter, a 23% increase year-over-year. Distributable Cash Flow: $184 million for the quarter. Free Cash Flow: $165 million, increasing more than threefold year-over-year. ...

Why did Kinetik raise its EBITDA guidance?

Kinetik raised its full-year adjusted EBITDA guidance and increased its quarterly dividend, reflecting confidence in its financial performance. Key highlights from Kinetik’s earnings report include a net income of $83.7 million and adjusted EBITDA of $265.7 million for the quarter. ...

How did Kinetik Holdings Inc's (KNTK) earnings compare to analysts' expectations?

In the previous quarter of June 30, 2024, Kinetik Holdings Inc's (NYSE:KNTK) actual revenue was $359.46 million, which beat analysts' revenue expectations of $337.41 million by 6.54%. Kinetik Holdings Inc's (NYSE:KNTK) actual earnings were $0.54 per share, which beat analysts' earnings expectations of $0.48 per share by 12.5%. ...

What is the target price for Kinetik Holdings Inc (KNTK)?

After releasing the results, Kinetik Holdings Inc (NYSE:KNTK) was up by 2.83% in one day. Based on the one-year price targets offered by 9 analysts, the average target price for Kinetik Holdings Inc (NYSE:KNTK) is $48.36 with a high estimate of $55 and a low estimate of $43. ...

Does Kinetik holdings (KNTK) have an MRV plan?

The company received MRV plan approval from the EPA for its acid gas injection wells, enabling economic benefits from CO2 sequestration through 45Q credits. Kinetik Holdings Inc (NYSE:KNTK) raised its quarterly cash dividend to $3.12 on an annualized basis, reflecting strong performance and confidence in future growth. ...

Will KNTK stock dilution in July?

The company's assets are located on prime acreage in the Delaware Basin, which should help the company continue to grow total volumes. However, KNTK stock is set up for a dilution event in July following the issuance of 7.7 million shares tied to the Durango acquisition. ...