Kinetik Holdings Inc expected to post earnings of 47 cents a share - Earnings Preview

Kinetik Holdings

27/02/2024 24:47

* Kinetik Holdings Inc  KNTK.N   KNTK.K  is expected to show
a
rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
28.6% increase in revenue to $379.87 million from $295.49
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Kinetik Holdings Inc is
for
earnings of 47 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "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 $38.00​, above​ its last closing price of $33.85. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD900 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.56        0.58       0.21      Missed  -63.9
 Jun. 30 2023  0.54        0.50       0.41      Missed  -18.4
 Mar. 31 2023  0.33        0.49       -0.06     Missed  -112.2
                                                        ​
 Dec. 31 2022  0.67        0.66       0.25      Missed  -62.1
 ​​Sep.        0.56        0.62       1.04      Beat    67.2
 30 2022                                                
 Jun. 30 2022  0.69        0.69       0.06      Missed  -91.3​
 Mar. 31 2022  0.62        0.70       0.56      Missed  -20.4
 Dec. 31 2021  0.51        0.49       2.14      Beat    331.5
 This summary was machine generated February 27 at 00:46 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)