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

Kinetik Holdings

03/05/2023 23:47

* Kinetik Holdings Inc  KNTK.N  reported a quarterly
adjusted loss
of 6 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 49 cents per share.
    * Revenue rose 9.2% to $281.04 million from a year ago;
analysts
expected $247.51 million. 
    * Kinetik Holdings Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Kinetik Holdings Inc shares had fallen by 5.7% this
quarter and
lost 10.7% so far this year.
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $37.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.69           0.06           Missed