KNTK Stock Summary and Trading Ideas (Kinetik Holdings Class A | NYSE:KNTK)

Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.

Kinetik Holdings Class A trades on the NYSE stock market under the symbol KNTK.

As of March 3, 2025, KNTK stock price declined to $56.91 with 866,017 million shares trading.

KNTK has a beta of 1.07, meaning it tends to be more sensitive to market movements. KNTK has a correlation of 0.22 to the broad based SPY ETF.

KNTK has a market cap of $3.40 billion. This is considered a Mid Cap stock.

Last quarter Kinetik Holdings Class A reported $386 million in Revenue and $.01 earnings per share. This fell short of revenue expectation by $-49 million and missed earnings estimates by -$.36.

In the last 3 years, KNTK traded as high as $67.60 and as low as $26.32.

The top ETF exchange traded funds that KNTK belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

KNTK has outperformed the market in the last year with a return of +78.4%, while the SPY ETF gained +16.7%. In the last 3 month period, KNTK beat the market returning -1.7%, while SPY returned -2.2%. However, in the most recent 2 weeks KNTK has underperformed the stock market by returning -7.2%, while SPY returned -4.3%.

KNTK support price is $56.99 and resistance is $59.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KNTK shares will trade within this expected range on the day.