Kinetik Holdings Inc. (KNTK) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - Kinetik Holdings Inc. reported quarterly earnings of $0.05 per share, significantly missing the Zacks Consensus Estimate of $0.23 per share, representing a -78.26% earnings surprise [1]. Financial Performance - The company posted revenues of $443.26 million for the quarter ended March 2025, which was 19.09% below the Zacks Consensus Estimate and an increase from $341.39 million year-over-year [2]. - Over the last four quarters, Kinetik Holdings has surpassed consensus EPS estimates only once [2]. Stock Performance - Kinetik Holdings shares have declined approximately 28.6% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3]. - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $594.5 million, and for the current fiscal year, it is $2.03 on revenues of $2.61 billion [7]. Industry Outlook - The Oil and Gas - Field Services industry, to which Kinetik Holdings belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges ahead [8]. - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Kinetik Holdings' stock performance [5].