Loading…
Loading…
Fresh off hiking its 2026 guidance and a gain of more than 7% in August, Kinetik Holdings remains a "buy" for energy income investors.
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NGL) exports. Companies also demonstrated the defensive nature of their fee-based cash flows.
Kinetik Holdings Inc. (NYSE: KNTK - Get Free Report) major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $50.52, for a total transaction of $11,889,831.48. Following the completion of the sale, the insider directly
Kinetik Holdings Inc. (NYSE: KNTK - Get Free Report) major shareholder Isq Global Fund Ii Gp Llc sold 26,550 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.24, for a total transaction of $1,333,872.00. Following the transaction, the insider directly owned
Kinetik NYSE: KNTK reported what President and Chief Executive Officer Jamie Welch described as the strongest financial results in the company's history for the second quarter of 2026, citing operating execution, system performance and a supportive commodity-price environment. The company raised its full-year Adjusted EBITDA guidance by $70 million at the midpoint and increased its capital spending outlook as it prepares for continued customer activity across the Permian Basin.
Empowered Funds LLC acquired a new stake in Kinetik Holdings Inc. (NYSE: KNTK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,577 shares of the company's stock, valued at approximately $1,432,000. Several other hedge funds
Kinetik Holdings is positioned as a constraint monetization platform in the Delaware Basin, leveraging integrated control across the midstream value chain. Record Q2 results featured 36% revenue growth, 35% Adjusted EBITDA growth, and strong dividend coverage, driven by NGL recoveries and downstream optimization. KNTK's growth outlook is underpinned by expansion projects like Kings Landing II, ECCC Pipeline, and increased Gulf Coast access, supporting multi-year EBITDA growth.