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Kinetik (KNTK)
NYSE:KNTK
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$1.7Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 10.06%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust financial performance, strategic expansions, and increased guidance, offset by challenges with negative gas prices and volume curtailments.Company Guidance
During Kinetik's Q3 2024 earnings call, the company provided updated guidance and several key metrics reflecting strong performance. Kinetik reported an adjusted EBITDA increase of 23% year-over-year, reaching $266 million for the quarter, with distributable cash flow at $184 million and free cash flow at $165 million, a threefold increase from the previous year. Gas processing volumes grew by 15% to 1.71 billion cubic feet per day, despite a challenging pricing environment at the Waha Hub. Kinetik increased its 2024 adjusted EBITDA guidance to a range of $970 million to $1 billion, highlighting a near 20% year-over-year growth. The company also announced a quarterly cash dividend increase to $3.12 on an annualized basis. Additionally, it highlighted significant strategic initiatives, including a new high-pressure gas pipeline expected to be in service by Q1 2026, which aims to optimize processing capacity and enhance operational flexibility.Record-Breaking Adjusted EBITDA
Kinetik reported its single best quarter as a public company in terms of adjusted EBITDA, with a 23% year-over-year increase.
Significant Gas Volume Growth
Processed gas volumes reached 1.71 billion cubic feet per day, marking a 15% growth year-over-year.
Strategic Partnership and Expansion with Diamondback Energy
Acquired an additional equity interest in EPIC Crude, increasing ownership to 27.5%. Diamondback Energy has committed 33% of the pipeline's capacity on a long-term basis.
MRV Plan Approval from EPA
Received MRV plan approval for acid gas injection wells, allowing economic benefits from CO2 sequestration through 45Q credits starting in 2025.
Capital Projects and Pipeline Expansion
Announced new pipeline connection between Eddy County, New Mexico, and Culberson County, Texas, expected to be in service in Q1 2026, increasing processing capacity and operational flexibility.
Raised Adjusted EBITDA Guidance
Increased full-year adjusted EBITDA guidance to $970 million to $1 billion, reflecting a 20% year-over-year growth.
Dividend Increase
Raised the quarterly cash dividend to $3.12 on an annualized basis, reflecting strong financial performance and confidence in future outlook.
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KNTK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KNTK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $52.48 | $56.42 | +7.51% |
| Aug 07, 2024 | $39.62 | $40.74 | +2.83% |
| May 08, 2024 | $38.06 | $37.66 | -1.05% |
| Feb 28, 2024 | $31.87 | $33.49 | +5.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kinetik (KNTK) report earnings?
Kinetik (KNTK) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Kinetik (KNTK) earnings time?
Kinetik (KNTK) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNTK EPS forecast?
KNTK EPS forecast for the fiscal quarter 2024 (Q4) is $0.49.
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