KNTK
Kinetik Holdings Inc.
KNTK's fundamentals are strong: its operating margin rose 4 points to 12% and revenue grew 16%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
KNTK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Weak |
KNTK's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
KNTK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $54.28 | -0.4% |
| Current | 18x | $54.48 | — |
| Fair | 19x | $57.90 | +6.3% |
| Expensive | 21x | $63.44 | +16% |
| Forward | 27x | $54.48 | — |
Historical ranges are pointers, not guarantees.
KNTK's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
KNTK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for KNTK, with profitability holding steady. However, they disagree widely on these estimates.
KNTK Earnings Per Share
KNTK's earnings per share have climbed steadily: $3.05 over the past year, up 121% from the year before, and higher year over year every quarter since mid-2026. Its recent earnings include one-off gains.
KNTK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $569.4M | +23% |
| Q2 2026 | $581.4M | +36% |
| Q1 2026 | $410M | -7.5% |
| Q4 2025 | $430.4M | +12% |
| Q3 2025 | $464M | +17% |
| Q2 2025 | $426.7M | +19% |
| Q1 2025 | $443.3M | +30% |
| Q4 2024 | $385.7M | +11% |
KNTK's revenue is growing: $569M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +6.9 points |
| Q2 2026 | 23% | +4.9 points |
| Q1 2026 | -0.9% | -5.3 points |
| Q4 2025 | 11% | +5.1 points |
| Q3 2025 | 4.3% | -14 points |
| Q2 2025 | 18% | +2.4 points |
| Q1 2025 | 4.3% | -3.3 points |
| Q4 2024 | 6.1% | -9.9 points |
KNTK's operating margin was 11% last quarter, up 6.9 points from the same quarter a year ago.
KNTK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $139.3M | +341% |
| Q2 2026 | $51.9M | +2808% |
| Q1 2026 | $97.4M | -4.8% |
| Q4 2025 | -$24M | -166% |
| Q3 2025 | $31.6M | -80% |
| Q2 2025 | $1.8M | -98% |
| Q1 2025 | $102.3M | +6.8% |
| Q4 2024 | $36.3M | -68% |
KNTK still generates free cash flow, though less than at its 2024 peak: $265M over the past year.
KNTK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.9% | +5.2M shares |
| 1 year | +30% | +18.6M shares |
| 3 years | +96% | +39.6M shares |
KNTK has 81M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $3.5M |
| Q3 2025 | $100M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
KNTK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.0x | High |
| Q2 2026 | 6.5x | High |
| Q1 2026 | 7.2x | High |
| Q4 2025 | 6.9x | High |
| Q3 2025 | 8.1x | High |
| Q2 2025 | 7.1x | High |
| Q1 2025 | 7.2x | High |
| Q4 2024 | 7.0x | High |
KNTK's net debt is about 6.0 years of its operating earnings (EBITDA), down from 8.1 years a year ago.
KNTK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.8 | Neutral |
| Stochastic | 50.5 | Neutral |
KNTK's weekly RSI is 56 (neutral) and its Stochastic is 51 (neutral).
KNTK PE vs Energy Sector
| Metric | KNTK | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 36% above |
| PE % | 18 | 61 | 43 pts below |
KNTK is trading at 18x earnings, a 36% premium to the Energy sector's median of 13x, though its earnings don't support one.
KNTK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $53.5 | 1.8% above |
| 20 week MA | $52.5 | 3.9% above |
| 50 week MA | $47.3 | 15% above |
| 100 week MA | $46.9 | 16% above |
| 200 week MA | $42.4 | 29% above |
KNTK is in an uptrend: it's above all five of its weekly moving averages, and 29% above its 200-week average.
KNTK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.8 | $24.0 | -19% |
| 2021 | $24.0 | $31.4 | +31% |
| 2022 | $31.4 | $33.0 | +5.1% |
| 2023 | $33.0 | $33.4 | +1.2% |
| 2024 | $33.4 | $56.4 | +69% |
| 2025 | $56.4 | $35.5 | -37% |
| 2026 YTD | $35.5 | $54.5 | +54% |
KNTK has finished higher in four of the last six years. It's up 54% so far in 2026.