Kinetik (NYSE:KNTK) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Key Points

• Kinetik reported quarterly EPS of $0.26, missing the $0.40 consensus estimate by $0.14; its shares fell $2.74 to $51.50 in Wednesday trading.
• Major shareholder ISQ Global Fund II sold 14,889 shares for about $820,000, and insiders have sold nearly 4 million shares worth about $214 million over the past 90 days.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $55.47; ratings include 11 Buys and 7 Holds.

Kinetik (NYSE:KNTK - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14), Zacks reports. Kinetik had a negative return on equity of 38.96% and a net margin of 26.19%.

Kinetik Price Performance

Shares of Kinetik stock traded down $2.74 during trading on Wednesday, reaching $51.50. 1,195,485 shares of the stock traded hands, compared to its average volume of 1,179,065. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.19 and a beta of 0.67. Kinetik has a 52-week low of $31.33 and a 52-week high of $58.90. The business has a fifty day simple moving average of $54.13 and a two-hundred day simple moving average of $48.79.

Key Headlines Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Zacks upgraded Kinetik to Rank #2 (Buy), citing optimism about its earnings prospects. The upgrade could support the shares if expectations continue to improve. Zacks upgrade article
• Neutral Sentiment: A preview of Kinetik’s Q3 2026 earnings focuses investor attention on the upcoming report; the article does not provide results, so the quarter’s impact will depend on the figures and outlook when released. Q3 2026 earnings preview
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC continued trimming its position, selling shares on Oct. 30 and Nov. 2–3. The latest reported sales were relatively small compared with its remaining stake, but the repeated transactions may add selling pressure or raise concern among investors. Shareholder transaction details

Insider Activity

In other news, major shareholder Isq Global Fund Ii Gp Llc sold 14,889 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $55.07, for a total value of $819,937.23. Following the completion of the sale, the insider directly owned 961,114 shares of the company's stock, valued at $52,928,547.98. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 3,968,344 shares of company stock worth $214,033,510. 3.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KNTK has been the subject of several analyst reports. Scotiabank restated an "outperform" rating and set a $59.00 price target on shares of Kinetik in a research report on Thursday, October 15th. Jefferies Financial Group restated a "hold" rating and issued a $54.00 target price (down from $56.00) on shares of Kinetik in a research note on Monday, October 19th. The Goldman Sachs Group reissued a "buy" rating and set a $58.00 price objective on shares of Kinetik in a research note on Wednesday, October 14th. Zacks Research cut shares of Kinetik from a "strong-buy" rating to a "hold" rating in a report on Friday, October 30th. Finally, Citigroup restated a "buy" rating and set a $55.00 price target (up from $52.00) on shares of Kinetik in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.47.

About Kinetik

Kinetik Holdings Inc is a midstream energy company that provides infrastructure and services for the gathering, processing, transportation and treatment of natural gas, crude oil and natural gas liquids. Its operations are focused primarily on the Permian Basin, where it connects hydrocarbon production to processing facilities, pipelines and downstream markets.

The company's assets include natural gas gathering and processing systems, crude oil gathering infrastructure, natural gas liquids services and long-haul pipeline interests.

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