Kinetik Holdings Inc Stock Price, News & Analysis

Kinetik Holdings (NYSE:KNTK) has released its 2024 Sustainability Report, showcasing significant environmental and operational achievements. The company reported a 14% reduction in Scope 1 and 2 greenhouse gas emissions and a 50% reduction in methane emissions from their 2021 baseline.

Notable accomplishments include achieving their 2030 methane intensity reduction target six years ahead of schedule, partnering with Infinium for CO2 supply, and receiving EPA approval for their injection wells monitoring plan. The company demonstrated strong safety improvements with a 90% reduction in Lost Time Incident Rate and contributed $1.9 million to nonprofit organizations.

Kinetik Holdings (NYSE:KNTK) has announced its dual listing on NYSE Texas, a new fully electronic equities exchange based in Dallas. While maintaining its primary listing on the New York Stock Exchange, Kinetik will begin trading on NYSE Texas on July 18, 2025, under the same ticker symbol "KNTK".

As a Founding Member of NYSE Texas, Kinetik emphasizes its strong Texas presence with operations in the Permian Basin and dual headquarters in Houston and Midland. The company aims to strengthen its partnerships with NYSE and Texas to support the state's growing economy and energy sector.

Kinetik Holdings (NYSE:KNTK) has declared a quarterly cash dividend of $0.78 per share ($3.12 annualized), payable on August 1, 2025, to shareholders of record as of July 25, 2025.

The company will release its Q2 2025 earnings after market close on August 6, 2025, followed by a conference call on August 7, 2025. Additionally, Kinetik reminds shareholders about its Dividend Reinvestment Plan (DRIP), which allows for automatic dividend reinvestment through Broadridge Corporate Issuers, LLC.

Kinetik Holdings (NYSE: KNTK) reported solid Q1 2025 financial results with net income of $19.3 million and Adjusted EBITDA of $250.0 million, up 7% year-over-year. The company achieved gas processed volumes of 1.80 Bcf/d, a 17% increase from the previous year. Kinetik is progressing with the construction of its 220 Mmcf/d Kings Landing Complex in New Mexico, expected to start operations in early Q3 2025. The company affirmed its 2025 guidance with Adjusted EBITDA of $1.09-1.15 billion and Capital Guidance of $450-540 million. Notably, the Board authorized an increase in the share repurchase program to $500 million. Despite macroeconomic uncertainties and lower energy commodity prices, management remains confident in the company's growth trajectory, supported by fee-based contracts and strategic positioning in the Permian Basin.

Kinetik Holdings has announced the upcoming retirement of Anne Psencik, Chief Strategy Officer, effective June 30, 2025. Psencik will maintain her current responsibilities until her retirement date and will transition to a consulting role afterward.

During her six-year tenure, Psencik has been instrumental in managing risk and advising on commercial and investment opportunities. She has served as Chief Strategy Officer since 2019, bringing over 35 years of experience in the oil and gas industry, with expertise in:

• Midstream business development
• Trading operations
• Engineering and construction

Jamie Welch, Kinetik's President & CEO, acknowledged Psencik's valuable leadership and significant contributions to the company's long-term growth strategy.

Kinetik Holdings (NYSE: KNTK) has announced a quarterly cash dividend of $0.78 per share ($3.12 annualized), payable on May 2, 2025, to shareholders of record as of April 25, 2025. The company will release its first quarter 2025 earnings after market close on May 7, 2025, followed by a conference call on May 8, 2025.

The company has implemented a Dividend Reinvestment Plan (DRIP) available to all shareholders. Shareholders can register for the DRIP through Broadridge's website or by contacting Broadridge Corporate Issuers, , the Plan Administrator.

Kinetik Holdings (NYSE: KNTK) has announced the pricing of $250 million in sustainability-linked senior notes through its subsidiary Kinetik Holdings LP. The notes, priced at 101.25% of par, carry a 6.625% interest rate and will mature on December 15, 2028.

These new notes are an addition to the existing $800 million sustainability-linked notes issued under the same terms. Interest payments will be made semi-annually on June 15 and December 15, with the first payment scheduled for June 15, 2025. The offering is expected to close on March 19, 2025.

The interest rate is tied to Kinetik's performance against sustainability targets outlined in their Sustainability-Linked Financing Framework from May 16, 2022. The proceeds will be used for general corporate purposes, including repaying revolving credit facility borrowings.

Kinetik Holdings (NYSE: KNTK) has announced that its subsidiary, Kinetik Holdings LP, plans to offer $250 million in 6.625% sustainability-linked senior notes due 2028. These notes are additional to the previously issued $800 million aggregate principal amount under the same terms.

The new notes will be offered under Rule 144A and Regulation S of the Securities Act, exclusively to qualified institutional buyers and non-U.S. persons. The proceeds will be used for general corporate purposes, including repaying a portion of revolving credit facility borrowings.

The interest rate on these notes is linked to Kinetik's performance against sustainability targets outlined in their Sustainability-Linked Financing Framework from May 16, 2022, which received a second party opinion from ISS ESG.

Kinetik Holdings (NYSE: KNTK) reported strong financial results for Q4 and full-year 2024. The company achieved Q4 net income of $16.2 million and Adjusted EBITDA of $237.5 million. For the full year 2024, Kinetik posted net income of $244.2 million and record Adjusted EBITDA of $971.1 million, representing 16% year-over-year growth.

The company completed strategic expansions including the Durango Permian acquisition and Barilla Draw assets purchase. Q4 results were temporarily impacted by negative gas prices at Waha and maintenance activities, resulting in a $15 million headwind.

Looking ahead, Kinetik provided 2025 guidance with projected Adjusted EBITDA between $1.09-1.15 billion and capital expenditure guidance of $450-540 million. The company expects approximately 20% growth in gas processed volumes and projects Q4 2025 annualized Adjusted EBITDA to exceed $1.2 billion.