Kinetik Holdings Inc reports results for the quarter ended in June - Earnings Summary

Kinetik Holdings

10/08/2022 07:56

* Kinetik Holdings Inc  KNTK.OQ  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 69 cents per share.
    * Revenue rose 842.8% to $335.57 million from a year ago;
analysts
expected $203.83 million. 
    * Kinetik Holdings Inc's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Kinetik Holdings Inc shares had risen by 16.3% this
quarter and
gained 29.5% so far this year.
    * The company reported quarterly net income of $6.44
million.
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $41.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 06:56 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.69           0.06           Missed
 Mar. 31 2022      0.70           0.56           Missed
 Dec. 31 2021      0.49           2.14           Beat
 Sep. 30 2021      0.61           0.04           Missed