(KNTK) Kinetik Holdings - NYSE
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 7.644m USD | Total Return: 16.9% in 12m
Avg Turnover: 41.2M
EPS Trend: 37.7%
Qual. Beats: 0
Rev. Trend: 98.1%
Qual. Beats: -2
Warnings
Earnings expected to drop: P/E 18.2 → Forward 57.5
Altman Z'' -0.64 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Kinetik Holdings Inc. is a midstream energy company focused on the Texas Delaware Basin, providing infrastructure for natural gas, natural gas liquids (NGLs), and crude oil. The firm operates through two primary segments: Midstream Logistics, which handles gathering, processing, and storage, and Pipeline Transportation, which manages long-haul movement of hydrocarbons.
The company’s business model is characterized by fee-based contracts, which aim to provide stable cash flows regardless of direct commodity price fluctuations. As a midstream operator in the Permian Basin, Kinetik serves as a critical link between upstream production and downstream demand centers on the Gulf Coast. For a deeper look into the companys valuation and growth metrics, visit ValueRay.
In addition to hydrocarbon logistics, Kinetik provides essential water gathering and disposal services, a necessary component for unconventional shale drilling operations. The company also generates revenue through the sale of processed NGLs and natural gas residue, integrating its service offerings across the energy value chain.
- Natural gas production volumes in the Texas Delaware Basin drive gathering revenue
- Natural gas liquid price volatility impacts processed commodity sales margins
- Pipeline transportation capacity utilization determines long-term infrastructure cash flow stability
- Strategic acquisitions and capital expenditures influence debt-to-equity leverage ratios
- Regional regulatory shifts in Permian Basin water disposal affect operational costs
| Net Income: 228.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: -12.96% < 20% (prev -10.12%; Δ -2.85% < -1%) |
| CFO/TA 0.09 > 3% & CFO 607.7m > Net Income 228.1m |
| Net Debt (3.95b) to EBITDA (1.17b): 3.37 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.7m) vs 12m ago 9.32% < -2% |
| Gross Margin: 25.11% > 18% (prev 34.78%; Δ -9.67% > 0.5%) |
| Asset Turnover: 23.81% > 50% (prev 22.54%; Δ 1.27% > 0%) |
| Interest Coverage Ratio: 3.40 > 6 (EBIT TTM 778.0m / Interest Expense TTM 229.1m) |
| A: -0.03 (Total Current Assets 318.8m - Total Current Liabilities 537.1m) / Total Assets 7.11b |
| B: -0.23 (Retained Earnings -1.67b / Total Assets 7.11b) |
| C: 0.11 (EBIT TTM 778.0m / Avg Total Assets 7.07b) |
| D: -0.39 (Book Value of Equity -1.67b / Total Liabilities 4.27b) |
| Altman-Z'' = -0.64 = B |
| DSRI: 2.15 (Receivables 279.8m/122.5m, Revenue 1.68b/1.58b) |
| GMI: 1.39 (GM 34.78% / 25.11%) |
| AQI: 0.93 (AQ_t 0.40 / AQ_t-1 0.43) |
| SGI: 1.06 (Revenue 1.68b / 1.58b) |
| TATA: -0.05 (NI 228.1m - CFO 607.7m) / TA 7.11b) |
| Beneish M = -1.74 (Cap -4..+1) = CCC |
As of June 19, 2026, the stock is trading at USD 46.53 with a total of 1,069,243 shares traded.
Over the past week, the price has changed by -1.42%,
over one month by -8.03%,
over three months by +3.40% and
over the past year by +16.91%.
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 | 52.6 | 13% |
P/E Trailing = 18.2191
P/E Forward = 57.4713
P/S = 4.4158
P/B = 1.3379
P/EG = 8.6228
Revenue TTM = 1.68b USD
EBIT TTM = 778.0m USD
EBITDA TTM = 1.17b USD
Long Term Debt = 3.64b USD (from longTermDebt, last quarter)
Short Term Debt = 227.1m USD (from shortTermDebt, last quarter)
Debt = 3.95b USD (from shortLongTermDebtTotal, last quarter) + Leases 58.1m
Net Debt = 3.95b USD (calculated: Debt 3.95b - CCE 720k)
Enterprise Value = 11.6b USD (7.64b + Debt 3.95b - CCE 720k)
Interest Coverage Ratio = 3.40 (Ebit TTM 778.0m / Interest Expense TTM 229.1m)
EV/FCF = 33.43x (Enterprise Value 11.6b / FCF TTM 346.7m)
FCF Yield = 2.99% (FCF TTM 346.7m / Enterprise Value 11.6b)
FCF Margin = 20.59% (FCF TTM 346.7m / Revenue TTM 1.68b)
Net Margin = 13.55% (Net Income TTM 228.1m / Revenue TTM 1.68b)
Gross Margin = 25.11% ((Revenue TTM 1.68b - Cost of Revenue TTM 1.26b) / Revenue TTM)
Gross Margin QoQ = -1.97% (prev 22.19%)
Tobins Q-Ratio = 1.63 (Enterprise Value 11.6b / Total Assets 7.11b)
Interest Expense / Debt = 5.80% (Interest Expense 229.1m / Debt 3.95b)
Taxrate = 8.63% (47.4m / 548.9m)
NOPAT = 710.8m (EBIT 778.0m * (1 - 8.63%))
Current Ratio = 0.59 (Total Current Assets 318.8m / Total Current Liabilities 537.1m)
Debt / Equity = -2.36 (negative equity) (Debt 3.95b / totalStockholderEquity, last quarter -1.67b)
Debt / EBITDA = 3.37 (Net Debt 3.95b / EBITDA 1.17b)
Debt / FCF = 11.38 (Net Debt 3.95b / FCF TTM 346.7m)
Total Stockholder Equity = -1.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.23% (Net Income 228.1m / Total Assets 7.11b)
RoE = -16.36% (negative equity) (Net Income TTM 228.1m / Total Stockholder Equity -1.39b)
RoCE = 34.58% (EBIT 778.0m / Capital Employed (Equity -1.39b + L.T.Debt 3.64b))
RoIC = 10.45% (NOPAT 710.8m / Invested Capital 6.80b)
WACC = 7.72% (E(7.64b)/V(11.6b) * Re(8.97%) + D(3.95b)/V(11.6b) * Rd(5.80%) * (1-Tc(0.09)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 8.17%
[DCF] Terminal Value 74.80% ; FCFF base≈353.4m ; Y1≈341.3m ; Y5≈334.4m
[DCF] Fair Price = 17.65 (EV 5.25b - Net Debt 3.95b = Equity 1.30b / Shares 73.6m; r=8.35% [WACC [floored]]; 5y FCF grow -4.57% → 2.50% )
EPS Correlation: 37.71 | EPS CAGR: 19.51% | SUE: 0.75 | # QB: 0
Revenue Correlation: 98.10 | Revenue CAGR: 16.57% | SUE: -2.47 | # QB: -2
EPS current Quarter (2026-06-30): EPS=0.19 | Chg30d=-32.20% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=-36.44% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=1.32 | Chg30d=+3.25% | Revisions=+20% | GrowthEPS=-57.5% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=1.68 | Chg30d=-16.44% | Revisions=+20% | GrowthEPS=+27.5% | GrowthRev=+18.1%
[Analyst] Revisions Ratio: +20%