Kinetik Holdings Inc expected to post earnings of 42 cents a share - Earnings Preview

Kinetik Holdings

06/08/2024 02:45

* Kinetik Holdings Inc  KNTK.N   KNTK.K  is expected to show
a
rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
13.9% increase in revenue to $337.405 million from $296.2
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Kinetik Holdings Inc is
for
earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $44.12​, above​ its last closing price of $38.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.43        0.43       0.12      Missed  -72.3
 Dec. 31 2024  0.35        0.47       1.70      Beat    261.1
 Sep. 30 2023  0.56        0.58       0.21      Missed  -63.9​
 Jan. 1 0001   0.54        0.50       0.41      Missed  -18.4
 ​​Mar.        0.33        0.49       -0.06     Missed  -112.2
 31 2023                                                
 Dec. 31 2022  0.67        0.66       0.25      Missed  -62.1​
 Sep. 30 2022  0.56        0.62       1.04      Beat    67.2
 Jun. 30 2022  0.69        0.69       0.06      Missed  -91.3
 This summary was machine generated August 6 at 01:45 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)