Kinetik (NYSE:KNTK) Posts Earnings Results

07 May 2026, 21:44 by Scott Moore · The Cerbat Gem

Kinetik (NYSE:KNTK – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.23), Zacks reports. Kinetik had a net margin of 28.58% and a negative return on equity of 38.92%. The company had revenue of $409.98 million during the quarter. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis.

Kinetik Trading Up 0.3%

Kinetik stock traded up $0.14 during mid-day trading on Thursday, hitting $48.36. The company’s stock had a trading volume of 1,768,103 shares, compared to its average volume of 1,080,208. The firm has a market capitalization of $7.84 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61. Kinetik has a 1 year low of $31.33 and a 1 year high of $51.11. The stock’s fifty day moving average is $46.84 and its two-hundred day moving average is $40.77.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KNTK. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 price target (up from $49.00) on shares of Kinetik in a report on Wednesday, April 15th. Wolfe Research cut Kinetik from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Citigroup increased their price target on Kinetik from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company raised Kinetik from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $47.00 to $52.00 in a report on Wednesday, March 25th. Finally, Scotiabank increased their price target on Kinetik from $49.00 to $51.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.33.

Get Our Latest Stock Analysis on Kinetik

Insiders Place Their Bets

In related news, major shareholder Isq Global Fund Ii Gp Llc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $44.85, for a total value of $179,400,000.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at approximately $44.85. This represents a 100.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew Wall sold 3,222 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total value of $151,176.24. Following the completion of the transaction, the insider owned 585,556 shares of the company’s stock, valued at $27,474,287.52. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 5,078,855 shares of company stock valued at $232,935,999. 3.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KNTK. Boothbay Fund Management LLC acquired a new stake in shares of Kinetik in the third quarter valued at $253,000. Maryland State Retirement & Pension System grew its stake in shares of Kinetik by 5.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock valued at $238,000 after buying an additional 337 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Kinetik in the third quarter valued at $237,000. Fox Run Management L.L.C. acquired a new stake in shares of Kinetik in the fourth quarter valued at $223,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Kinetik in the third quarter valued at $202,000. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

About Kinetik

(Get Free Report)

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.