KNTK Stock Analysis: Kinetik Holdings | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 8.741m USD | 12M Return: 42.4% | US02215L2097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.0M
EPS Trend: -3.6%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 9.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kinetik Holdings Inc. (NYSE: KNTK) is a U.S.-based midstream energy company headquartered in Midland, Texas, focused on the Texas Delaware Basin. It operates through two segments-Midstream Logistics and Pipeline Transportation-providing gathering, compression, processing, stabilization, treating, storage, and pipeline transportation services, along with water gathering and disposal solutions, to producers of natural gas, natural gas liquids (NGL), and crude oil. The company also markets and sells condensates, natural gas residue, and NGLs.
As a midstream operator, Kinetik occupies the middle segment of the oil and gas value chain, handling the transportation, processing, and storage of hydrocarbons between the wellhead (upstream) and end markets or refineries (downstream). The Delaware Basin, a sub-basin of the Permian, is one of the most active oil-producing regions in the United States, giving the company direct exposure to growing production volumes in its core operating area.
- Permian gas volumes drive Pipeline Transportation segment growth
- Crude and NGL price weakness pressures producer drilling demand
- Fee-based contracts support dividend growth and capital returns
| Net Income: 476.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.13 > 1.0 |
| NWC/Revenue: -23.52% < 20% (prev -11.45%; Δ -12.07% < -1%) |
| CFO/TA 0.09 > 3% & CFO 639.7m > Net Income 476.7m |
| Net Debt (4.02b) to EBITDA (1.47b): 2.74 < 3 |
| Current Ratio: 0.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (75.8m) vs 12m ago 22.89% < -2% |
| Gross Margin: 40.07% > 18% (prev 35.69%; Δ 4.38% > 0.5%) |
| Asset Turnover: 26.28% > 50% (prev 23.10%; Δ 3.17% > 0%) |
| Interest Coverage Ratio: 3.71 > 6 (EBIT TTM 827.6m / Interest Expense TTM 222.8m) |
| A: -0.06 (Total Current Assets 68.8m - Total Current Liabilities 512.4m) / Total Assets 7.20b |
| B: -0.23 (Retained Earnings -1.68b / Total Assets 7.20b) |
| C: 0.12 (EBIT TTM 827.6m / Avg Total Assets 7.18b) |
| D: -0.28 (Book Value of Equity -1.19b / Total Liabilities 4.29b) |
| Altman-Z'' = -0.68 = B |
| DSRI: 3.0 (Receivables 285.9m/62.9m, Revenue 1.89b/1.65b) |
| GMI: 0.89 (GM 35.69% / 40.07%) |
| AQI: 1.03 (AQ_t 0.44 / AQ_t-1 0.42) |
| SGI: 1.14 (Revenue 1.89b / 1.65b) |
| TATA: -0.02 (NI 476.7m - CFO 639.7m) / TA 7.20b) |
| Beneish M = -1.36 (Cap -4..+1) = D |
As of August 18, 2026, the stock is trading at USD 52.98 with a total of 704,196 shares traded. Over the past week, the price has changed by +3.34%, over one month by +7.05%, over three months by +6.39% and over the past year by +42.35%.
Current recommended Stop Loss: 49.50 (which is 6.6% or 2.2 ATR below the current price).
Kinetik Holdings has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold KNTK.
- StrongBuy: 3
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 55.1 | 4.1% |
P/E Trailing = 17.9375
P/E Forward = 64.9351
P/S = 4.6351
P/B = 1.3379
P/EG = 8.6228
Revenue TTM = 1.89b USD
EBIT TTM = 827.6m USD
EBITDA TTM = 1.47b USD
Long Term Debt = 3.70b USD (from longTermDebt, last quarter)
Short Term Debt = 260.5m USD (from shortTermDebt, last quarter)
Debt = 4.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 51.5m
Net Debt = 4.02b USD (calculated: Debt 4.03b - CCE 7.83m)
Enterprise Value = 12.8b USD (8.74b + Debt 4.03b - CCE 7.83m)
Interest Coverage Ratio = 3.71 (Ebit TTM 827.6m / Interest Expense TTM 222.8m)
EV/FCF = 65.72x (Enterprise Value 12.8b / FCF TTM 194.2m)
FCF Yield = 1.52% (FCF TTM 194.2m / Enterprise Value 12.8b)
FCF Margin = 10.30% (FCF TTM 194.2m / Revenue TTM 1.89b)
Net Margin = 25.28% (Net Income TTM 476.7m / Revenue TTM 1.89b)
Gross Margin = 40.07% ((Revenue TTM 1.89b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 59.14% (prev 29.13%)
Tobins Q-Ratio = 1.77 (Enterprise Value 12.8b / Total Assets 7.20b)
Interest Expense / Debt = 5.53% (Interest Expense 222.8m / Debt 4.03b)
Taxrate = 9.01% (54.5m / 604.7m)
NOPAT = 753.0m (EBIT 827.6m * (1 - 9.01%))
Current Ratio = 0.13 (Total Current Assets 68.8m / Total Current Liabilities 512.4m)
Debt / Equity = -3.40 (negative equity) (Debt 4.03b / totalStockholderEquity, last quarter -1.19b)
Debt / EBITDA = 2.74 (Net Debt 4.02b / EBITDA 1.47b)
Debt / FCF = 20.71 (Net Debt 4.02b / FCF TTM 194.2m)
Total Stockholder Equity = -1.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.64% (Net Income 476.7m / Total Assets 7.20b)
RoE = -36.70% (negative equity) (Net Income TTM 476.7m / Total Stockholder Equity -1.30b)
RoCE = 34.46% (EBIT 827.6m / Capital Employed (Equity -1.30b + L.T.Debt 3.70b))
RoIC = 10.85% (NOPAT 753.0m / Invested Capital 6.94b)
WACC = 7.38% (E(8.74b)/V(12.8b) * Re(8.46%) + D(4.03b)/V(12.8b) * Rd(5.53%) * (1-Tc(0.09)))
Discount Rate = 8.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.58 | Cagr: 12.30%
[DCF] Terminal Value 73.10% ; FCFF base≈311.8m ; Y1≈273.4m ; Y5≈220.9m
[DCF] Fair Price = N/A (negative equity: EV 3.55b - Net Debt 4.02b = -474.6m; debt exceeds intrinsic value)
EPS Correlation: -3.60 | EPS CAGR: -1.74% | SUE: 0.63 | # QB: 0
Revenue Correlation: 99.01 | Revenue CAGR: 17.36% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.52 | Chg30d=+105.48% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=1.71 | Chg30d=+29.36% | Revisions=+0% | GrowthEPS=-44.8% | GrowthRev=+17.6%
EPS next Year (2027-12-31): EPS=1.75 | Chg30d=+4.24% | Revisions=-40% | GrowthEPS=+2.3% | GrowthRev=+7.9%
[Analyst] Revisions Ratio: -22% (up=2, down=4)