Diamondback Energy, Inc. (FANG) and Kinetik Holdings Inc. (KNTK) , an oil and gas storage and transportation company, in collaboration with EPIC Midstream Holdings LP have unveiled a series of transactions aimed at fortifying the financial foundation and operational efficiency of EPIC Crude Holdings, LP. These actions not only enhance the growth prospects of EPIC Crude (oil pipeline system) but also improve its long-term strategic alignment with FANG and KNTK. Through these transactions, FANG and KNTK acqui ...

Irina Starikova Thesis In my last quarterly update on Kinetik Holdings Inc. (NYSE:KNTK), I covered in detail the potential for the company's acquisition of Durango Midstream. The stock showed modest price gains in the two months that followed, just to be wiped out with the broader market decline during the first week of August. KNTK Price Performance (Seeking Alpha) This presents an opportunity as KNTK reported an earnings beat, reporting an EPS of $0.54/share, beating estimates by $0.18/share. This perform ...

Kinetik Holdings Inc. (KNTK) came out with a quarterly earnings of $0.54 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.41 per share a year ago. This quarterly report represents an earnings surprise of 25.58%. A quarter ago, it was expected that this company would post earnings of $0.44 per share when it actually produced earnings of $0.12, delivering a surprise of -72.73%. Over the last four quarters, the company has surpassed consensus EPS estimates twice. Kinetik ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 81-4675947 (Stat ...

Kinetik Holdings Inc. (NYSE:KNTK) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Madeleine Wagner - Investor Relations Jamie Welch - President & Chief Executive Officer Trevor Howard - Chief Financial Officer Kris Kindrick - Senior Vice President, Commercial Conference Call Participants Michael Blum - Wells Fargo Jeremy Tonet - JP Morgan Tristan Richardson - Scotiabank Spiro Dounis - Citi. Keith Stanley - Wolfe Research Theresa Chen - Barclays Neel Mitra - Bank of America Ja ...

INETIK Kinetik Reports Second Quarter 2024 Financial and Operating Results • Generated second quarter net income of $108.9 million, representing a 52% increase year-over-year, and Adjusted EBITDA of $234.4 million, a 13% increase in Adjusted EBITDA year-over-year 1 1 1 2 • Revised 2024 Adjusted EBITDA Guidance of $940 million to $980 million and 2024 Capital Expenditures Guidance of $260 million to $300 million ("2024 Guidance") • Completed acquisition of Durango Permian, LLC ("Durango") at the end of June ...

Monty Rakusen Thesis Kinetik Holdings (NYSE:KNTK) is a natural gas focused midstream company that operates in the Delaware basin of the Permian. The company recently announced Q1 earnings results, as well as a strategic acquisition of Durango Midstream to bolster its footprint in the Delaware Basin. Q1 earnings were reported at a 12% increase over Q4 2023 as a result of two new pipeline assets entering service. This earnings momentum is positioned to continue through 2026 through the roll up of Durango, the ...

These transactions solidify Kinetik's position in New Mexico and consolidate its value proposition as a pure- play midstream company within the Delaware Basin. U.S.-based Kinetik Holdings Inc. (KNTK) has announced a series of transactions aimed at expanding its operations in New Mexico and increasing its presence across the North Delaware Basin. Acquisition of Durango Permian LLC Kinetik has entered into an agreement to acquire Durango Permian LLC, expanding its footprint in Eddy and Lea Counties, New Mexic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

Kinetik Holdings Inc. (NYSE:KNTK) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Alex Durkee - Investor Relations Jamie Welch - President & Chief Executive Officer Trevor Howard - Chief Financial Officer Kris Kindrick - Senior Vice President, Commercial Conference Call Participants Michael Blum - Wells Fargo Spiro Dounis - Citi Tristan Richardson - Scotiabank Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Neel Mitra - Bank of America Operator Good morning, and thank ...