Kinetik Holdings Inc. reports results for the quarter ended June 30 - Earnings Summary
Kinetik Holdings Inc. reports results for the quarter ended June 30 - Earnings Summary
Kinetik Holdings Inc. KNTK.N reported quarterly adjusted earnings of 64 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 13 cents to 33 cents per share.
Revenue rose 36.3% to $581.44 million from a year ago; analysts expected $445.27 million.
Kinetik Holdings Inc.'s reported EPS for the quarter was 64 cents.
The company reported quarterly net income of $49.54 million.
Kinetik Holdings Inc. shares had risen by 0.0% this quarter and gained 34.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.3% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"
Wall Street's median 12-month price target for Kinetik Holdings Inc. is $52.00, about 7% above its last closing price of $48.35
This summary was machine generated from LSEG data August 6 at 07:09 a.m. UTC. 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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.24 | 0.64 | Beat |
Mar. 31 2026 | 0.20 | -0.07 | Missed |
Dec. 31 2025 | 0.28 | 2.16 | Beat |
Sep. 30 2025 | 0.33 | 0.03 | Missed |
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