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

Kinetik Holdings

07/08/2023 23:27

* Kinetik Holdings Inc  KNTK.N  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 11.7% to $296.20 million from a year ago;
analysts
expected $275.23 million. 
    * Kinetik Holdings Inc's reported EPS for the quarter was 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Kinetik Holdings Inc shares had risen by 1.5% this
quarter and
gained 7.9% so far this year.
    * The company reported quarterly net income of $25.01
million.
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $39.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.50           0.41           Missed
 Mar. 31 2023      0.49           -0.06          Missed
 Dec. 31 2022      0.66           0.25           Missed
 Sep. 30 2022      0.62           1.04           Beat