KINETIK HOLDINGS INC CLASS A (KNTK)

What KINETIK HOLDINGS INC CLASS A does

Kinetik Holdings is a midstream energy company that operates gathering and processing systems, as well as transportation pipelines primarily in the Permian Basin. The company provides crude oil gathering, natural gas and NGL (natural gas liquids) processing, and pipeline transportation services to oil and gas producers. Kinetik generates revenue through service fees and product revenue from its midstream infrastructure, and maintains interests in unconsolidated affiliates and joint ventures.

Fundamentals

• Price$48.28 as of 2026-07-09 close
• Market cap$8.1B as of 2026-07-10
• 1-year return+14.1% as of 2026-07-09 close
• P/E47.44 as of 2026-07-10
• Net margin+9.8% as of 2026-07-10
• Gross margin+54.8% as of 2026-07-10
• ROE-8.7% as of 2026-07-10
• Debt / equity7.97 as of 2026-07-10
• Revenue growth (YoY)+9.2% as of 2026-07-10
• Revenue CAGR (3y)+13.3% SEC XBRL
• Beta0.57 as of 2026-07-10

Dividend: yield +6.6%; 2-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Geographic concentration risk: majority of assets located in Permian Basin, exposing company to single-region operational and commodity risks","Commodity throughput dependency: company relies on customers' development and completion activity to maintain hydrocarbon production volumes on its dedicated acreage","Regulatory and climate risk: legislative initiatives on pipeline safety, hydraulic fracturing regulation, climate change, and induced seismic activity from produced-water disposal could reduce throughput demand and increase compliance costs"]

See KNTK's biggest risks from its latest 10-Q →

Competitors & peers

• Energy Transfer (ET)
• Targa Resources (TRGP)
• Ciner Resources (CINR)
• Blueknight Energy Partners (KMI segments)
• DCP Midstream

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