KNTK

Interested in Kinetik Holdings Inc.? Here are five stocks we like better. Kinetik reported record second-quarter results, including $281 million in Adjusted EBITDA, $195 million in distributable cash flow and $105 million in free cash flow. Midstream Logistics EBITDA increased 35% year over year to $205 million. The company raised its 2026 Adjusted EBITDA guidance to $1.04 billion–$1.10 billion, up $70 million at the midpoint, and lifted capital expenditure guidance to approximately $560 million to support higher volumes and customer development. Kinetik expanded its growth plans, increasing the Kings Landing 2 processing project to 300 MMcf/d with service expected in mid-2028, while securing additional Gulf Coast market access and maintaining leverage within its 3.5x–4.0x target range. Kinetik (NYSE:KNTK) reported what President and Chief Executive Officer Jamie Welch described as the strongest financial results in the company’s history for the second quarter of 2026, citing operating execution, system performance and a supportive commodity-price environment. The company raised its full-year Adjusted EBITDA guidance by $70 million at the midpoint and increased its capital spending outlook as it prepares for continued customer activity across the Permian Basin. The company reported second-quarter Adjusted EBITDA of $281 million, distributable cash flow of $195 million and free cash flow of $105 million. Senior Vice President and Chief Financial Officer Trevor Howard said Midstream Logistics Adjusted EBITDA rose 35% from a year earlier to $205 million, while Pipeline Transportation Adjusted EBITDA was $83 million. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Processed natural gas volumes were 1.74 billion cubic feet per day during the quarter, flat from a year earlier despite an estimated 250 million cubic feet per day of Waha-price-related production curtailments. Howard said results benefited from operating performance, improved NGL recoveries and condensate yields, optimization efforts, and favorable commodity prices and spreads. Kinetik increased its full-year 2026 Adjusted EBITDA forecast to $1.04 billion to $1.1 billion. At the midpoint, the revised outlook is 7% above the company’s original February forecast and represents approximately 15% year-over-year pro forma growth after accounting for the divestiture of its EPIC Crude interest, according to Howard. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Management identified four drivers for the revised outlook: Improved volume expectations as Waha pricing normalized and curtailed production returned faster than anticipated. More favorable commodity-price assumptions, including nearly 30% higher WTI pricing and nearly 20% higher liquids pricing versus assumptions used in February guidance. Continued system operating improvements, including plant and compression runtimes, NGL recoveries and condensate yields. Outperformance in Pipeline Transportation, supported by basin activity, higher throughput and healthy pipeline margins. Kinetik now expects mid- to high-single-digit year-over-year volume growth in 2026, compared with its previous expectation for low- to mid-single-digit growth. The company anticipates average curtailments of roughly 25 million cubic feet per day during the second half, compared with the estimated 250 million cubic feet per day curtailed during the second quarter. → No Hangover: Revisiting Microsoft One Week After Earnings Howard said Kinetik expects to exit 2026 with processed gas volumes approaching 2.2 billion cubic feet per day, with no fourth-quarter curtailments assumed. He clarified during the question-and-answer session that the 2.2 Bcf/d figure represents a fourth-quarter average. Kinetik expects third-quarter Adjusted EBITDA of $260 million to $270 million and fourth-quarter Adjusted EBITDA of $270 million to $280 million. Welch said customer activity has continued to build across the company’s footprint, with more than 60% of the Permian rig-count growth since February occurring in the Delaware Basin. He said the recovery in Waha pricing from earlier dislocations reduced producer curtailments beginning in mid-June, while a more constructive crude-price environment supported producer development economics. The company reached a final investment decision in May on Kings Landing 2, or KL2, and subsequently increased its planned processing capacity by 50% to 300 million cubic feet per day. Kinetik has purchased cryogenic processing, amine and residue compression equipment for the project and now expects it to enter service in mid-2028, earlier than previously communicated. Once completed, KL2 is expected to lift Delaware North sour-gas processing capacity above 700 million cubic feet per day and take Kinetik’s systemwide processing capacity above 2.7 Bcf/d. The company also received board authorization to procure long-lead equipment for its next processing-capacity expansion and sanctioned work to expand the ECCC pipeline. Management said it is evaluating interim offload options and optimization projects as volumes build ahead of KL2’s startup. Welch said the company is examining center-block rebuilds and other plant upgrades, while Chief Operating Officer Matt Wall said residue-compression upgrades and expander-center-section changes could add roughly 10% to 15% above nameplate capacity at cryogenic plants in Delaware South. Kinetik also entered agreements for additional firm residue-gas access to Gulf Coast markets beginning in 2027, along with residue-gas and NGL transportation agreements supporting its Delaware North processing complexes. Welch said the agreements are intended to reduce customers’ exposure to volatile in-basin pricing and offer greater access to premium end markets. Kinetik raised its 2026 capital expenditure guidance, including maintenance capital, to approximately $560 million. The increase includes spending on KL2, optimization initiatives, compression equipment, ECCC expansion right-of-way, long-lead equipment for a future cryogenic plant, and accelerated growth projects associated with customer development plans in late 2026 and early 2027. Howard said much of the incremental 2026 development-related spending is tied to Delaware South, where new wells can be planned and connected more quickly than in New Mexico. He added that Kinetik is already planning for producer activity extending through 2028 and beyond. Welch said Kinetik sees a “prudent paradigm” for capital investment given the returns available from infrastructure projects. Howard said capital expenditures could remain around current levels as long as customer forecasts support construction of roughly one cryogenic plant at a time. At the end of the quarter, Kinetik reported leverage of 3.8 times and liquidity exceeding $1 billion. Howard said the company expects leverage to decline by year-end despite its elevated capital program and remains within its target leverage range of 3.5 times to 4 times. The company paid a second-quarter dividend of $0.81 per share in late July. Dividend coverage improved to approximately 1.5 times from 1.2 times for full-year 2025. Management reaffirmed its framework for annual dividend growth of 3% to 5% on a base-case basis, with the potential for growth in line with cash flow once coverage reaches 1.6 times or more. Welch attributed operational outperformance partly to multiyear work on the acquired Durango system, including pipe and facility repairs, measurement improvements, reliability work and efforts to reduce fuel, loss and unaccounted-for volumes. Wall said the company expects system performance to plateau at improved levels rather than continue making large gains, though management does not expect performance to move backward. Separately, Kinetik said the ECCC Pipeline has entered service, creating a north-to-south connection across the western part of its system between Eddy and Culberson counties. The company expects rich-gas volumes on the pipeline to rise through the rest of the year as Kings Landing reaches full utilization. Its Kings Landing acid-gas injection and sour-conversion project remains on track for first-phase service by year-end, while the 40-megawatt Diamond Volt behind-the-meter power project is expected to enter service in the second quarter of 2027. Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company's core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain. The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Kinetik Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Kinetik Holdings Inc. (KNTK) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +236.84%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced a loss of $0.07, delivering a surprise of -143.75%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. KINETIK HLDGS, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $581.44 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 37.95%. This compares to year-ago revenues of $426.74 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. KINETIK HLDGS shares have added about 35% since the beginning of the year versus the S&P 500's gain of 13%. While KINETIK HLDGS has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for KINETIK HLDGS was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $509.24 million in revenues for the coming quarter and $0.81 on $1.92 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Drilling Tools International Corp. (DTI), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Drilling Tools International Corp.'s revenues are expected to be $38.16 million, down 3.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinetik Holdings Inc. (KNTK) : Free Stock Analysis Report Drilling Tools International Corp. (DTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HOUSTON & MIDLAND, Texas, August 05, 2026--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported record results for the quarter ended June 30, 2026 and increased its full year 2026 Adjusted EBITDA1 guidance. Kinetik reported net income including noncontrolling interest of $123.1 million and $118.0 million for the three and six months ended June 30, 2026, respectively. Kinetik generated Adjusted EBITDA1 of $280.8 million and $532.0 million, Distributable Cash Flow1 of $194.9 million and $375.8 million, and Free Cash Flow1 of $105.2 million and $206.6 million for the three and six months ended June 30, 2026, respectively. Highlights Record financial results in the second quarter of 2026, supported by outstanding operational execution, robust system performance, and commodity margin outperformance Final investment decision for Kings Landing II ("KLII"), expanding system processing capacity to 2.7 Bcf/d in 2028 ECCC Pipeline placed into service, enhancing north-to-south system connectivity, with right-of-way procurement now underway to support an anticipated expansion in 2027 Secured incremental firm Gulf Coast market access for residue gas, commencing in 2027 and providing producer customers with premium pricing options Executed new residue and natural gas liquids transport agreements, strengthening egress capacity portfolio and netback pricing for Delaware North processing complexes Board authorization of long-lead equipment procurement for the next processing capacity expansion beyond KLII, proactively aligning supply chain with accelerating customer development plans Increasing full year 2026 Financial Guidance: CEO Commentary "Kinetik delivered exceptional second quarter 2026 results, significantly exceeding expectations," said Jamie Welch, Kinetik’s President & Chief Executive Officer. "Our performance during the quarter demonstrates the strength and resilience of our integrated business model, the quality and diversification of our asset footprint, and our continued strong operational performance, which enabled Kinetik to deliver the strongest financial results in Company history." "We advanced numerous initiatives this quarter, including reaching final investment decision ("FID") on KLII, completing the ECCC Pipeline with right-of-way procurement beginning for an anticipated 2027 expansion, and commencing drilling operations at the Kings Landing acid gas injection ("AGI") well. Furthermore, we have initiated procurement of long-lead equipment for the next processing plant after KLII given updated development plans and new customer commitments." Welch added, "The increase to our 2026 Adjusted EBITDA1 guidance reflects not only outperformance in the first half of the year, but also an increase relative to original expectations for the remainder of the year. We now anticipate Adjusted EBITDA1 to be between $260 million and $270 million in the third quarter and $270 million to $280 million in the fourth quarter." "Momentum is building across our system and is expected to be a strong tailwind into 2027. Curtailments have eased, customer activity is pulling forward, and the market increasingly recognizes the critical role the Permian Basin plays in meeting growing U.S. natural gas demand, anchored by LNG exports and data center developments. Kinetik is exceptionally well positioned to capitalize on this structural growth, reinforcing our tremendous confidence in 2027 and beyond." Financial Highlights Segment Insights The Midstream Logistics segment generated Adjusted EBITDA1 of $204.8 million, a 35% increase year-over-year for the three months ended June 30, 2026. Kinetik processed natural gas volumes of 1.74 Bcf/d in the second quarter of 2026, flat year-over-year despite an estimated 250 MMcf/d of Waha price-related processed gas volume shut-ins. Second quarter 2026 results benefited from strong system operating performance, improved natural gas liquid ("NGL") recoveries and condensate yields, optimization opportunities, and favorable commodity prices and spreads. The Pipeline Transportation segment generated Adjusted EBITDA1 of $83.0 million, a 14% decrease year-over-year for the three months ended June 30, 2026, due to the Company’s divestiture in late 2025 of its equity interest in EPIC Crude Holdings, LP ("EPIC Crude"). Permian Highway Pipeline outperformed year-over-year on lower fuel costs and higher gross margin. Additionally, Shin Oak outperformed expectations due to more robust throughput volumes. Raising 2026 Outlook and Guidance Kinetik is increasing its full year 2026 Adjusted EBITDA1 guidance to be between $1.04 billion and $1.1 billion. The revised midpoint represents a 7% increase from the original 2026 guidance issued in February and an approximately 15% increase year-over-year pro forma the EPIC Crude divestiture.9 Updated Adjusted EBITDA1 guidance assumes: Approximately 25 MMcf/d of curtailments on average for the second half of 2026; 2026 processed gas volume exit rate10 of nearly 2.2 Bcf/d, an increase of approximately 20% exit-to-exit; and Updated full year 2026 average commodity prices11 of $78.65 per barrel for WTI, $2.83 per MMBtu for Houston Ship Channel natural gas, ($0.26) per MMBtu for Waha Hub natural gas, and $0.62 per gallon for composite NGLs. Kinetik is also increasing its 2026 Capital Expenditures2 guidance (including maintenance) to approximately $560 million to reflect: FID of KLII; Acceleration of customer development plans into late 2026 and early 2027; Optimization projects across operations; Purchase of long-lead equipment items relating to the next processing capacity expansion; and Right-of-way procurement for an expansion of ECCC Pipeline. Strategic Projects & Commercial Activity In May 2026, Kinetik reached FID on KLII. Upon completion, total Delaware North sour gas processing capacity will exceed 700 MMcf/d. Processing, amine, and residue compression equipment has been purchased. Total capital is expected to be approximately $260 million. KLII is now expected to be completed in mid-2028, earlier than previously communicated. The ECCC Pipeline was placed into service, establishing a north-to-south connection across the western portion of Kinetik's system between Eddy and Culberson Counties. Rich gas throughput volumes on the pipeline are expected to increase throughout the balance of the year as Kings Landing I reaches full utilization. Given ECCC Pipeline utilization expectations and continued customer growth in New Mexico, Kinetik has initiated right-of-way procurement to support an expansion. Following approval of all permitting earlier this year, the Company's acid gas injection and sour conversion project remains on schedule with site construction activities and drilling operations underway. Project in-service is expected by year-end 2026. Kinetik continues to make progress on Diamond Volt, its 40 MW behind-the-meter power generation project at the Diamond Cryo Complex, with in-service anticipated in the second quarter of 2027. Kinetik’s Board of Directors has also approved the purchase of long-lead equipment for a processing expansion beyond KLII, positioning the Company to keep pace with its customer growth as overall activity has continued to increase. These investments reinforce Kinetik's confidence in the long-term growth of its business. Several commercial initiatives were recently executed that further strengthen Kinetik’s integrated Permian-to-Gulf Coast platform, address demand needs, and expand market optionality. The Company secured firm access to additional Gulf Coast netback residue gas pricing in 2027, enhancing its integrated residue gas offering and providing its customers with premium price assurance. Kinetik also signed residue gas and NGL transportation agreements for its Delaware North processing complexes, providing diversified market access, improving customer netbacks, and increasing operational flexibility. These agreements support continued customer growth and strengthen the outlook for Kinetik’s existing and expanding Delaware North processing capacity. Conference Call & Webcast Kinetik will host its second quarter 2026 results conference call on Thursday, August 6, 2026 at 8:00 am Central Time (9:00 am Eastern Time). To access a live webcast of the conference call, please visit the Investors section of Kinetik’s website at www.ir.kinetik.com. A replay of the conference call will be available on the website following the call. Investor Presentation An updated investor presentation will be available under Events and Presentations in the Investors section of the Company’s website at www.ir.kinetik.com. Information on the Company’s website does not constitute a portion of, and is not incorporated by reference into, this press release. About Kinetik Holdings Inc. Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com. Forward-looking statements This news release includes certain statements that may constitute "forward-looking statements" for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, outlooks, guidance or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "seeks," "possible," "potential," "predict," "project," "prospects," "guidance," "outlook," "should," "would," "will," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about the Company’s future business strategy and plans, expectations, and objectives for the Company’s operations, including statements about strategy, synergies, technology adoption, portfolio monetization opportunities, growth, expansion, cost reduction and other capital projects and the timing and cost thereof, future operations, financial guidance, growth opportunities, the amount and timing of future shareholder returns, the Company’s projected dividend amounts and the timing thereof, and the Company’s targeted leverage and financial profile. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future development, or otherwise, except as may be required by law. Additional information Additional information follows, including a reconciliation of Adjusted EBITDA, Distributable Cash Flow, Free Cash Flow, and Net Debt (non-GAAP financial measures) to the GAAP measures. Non-GAAP financial measures Kinetik’s financial information includes information prepared in conformity with generally accepted accounting principles (GAAP) as well as non-GAAP financial information. It is management’s intent to provide non-GAAP financial information to enhance understanding of our consolidated financial information as prepared in accordance with GAAP. Adjusted EBITDA, Distributable Cash Flow, Free Cash Flow, Dividend Coverage Ratio, Net Debt and Leverage Ratio are non-GAAP measures. This non-GAAP information should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated. See "Reconciliation of GAAP to Non-GAAP Measures" elsewhere in this news release. This news release also includes certain forward-looking non-GAAP financial information. Reconciliations of these forward-looking non-GAAP measures to their most directly comparable GAAP measure are not available without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various reconciling items that would impact the most directly comparable forward-looking GAAP financial measure, that have not yet occurred, are out of Kinetik’s control and/or cannot be reasonably predicted. Accordingly, such reconciliation is excluded from this news release. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. 1. A non-GAAP financial measure. See "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Measures" for further details.2. Net of contributions in aid of construction, asset disposal proceeds, and returns of invested capital from unconsolidated affiliates.3. Dividend Coverage Ratio is Distributable Cash Flow divided by total declared dividends.4. Net Debt is defined as total current and long-term debt, excluding deferred financing costs, less cash and cash equivalents.5. Liquidity is calculated as cash and cash equivalents of $7.8 million plus Revolving Credit Facility availability of $1,064.4 million as of June 30, 2026.6. Leverage Ratio is total debt less cash and cash equivalents divided by last twelve months Adjusted EBITDA, calculated per the Company’s credit agreement. The calculation includes EBITDA Adjustments for Qualified Projects, Acquisitions and Divestitures.7. Net Debt to Adjusted EBITDA Ratio is defined as Net Debt divided by last twelve months Adjusted EBITDA.8. 162.4 million shares, issued and outstanding shares as of June 30, 2026, is the sum of 78.9 million shares of Class A common stock and 83.4 million shares of Class C common stock.9. 2025 Adjusted EBITDA, excluding actual Adjusted EBITDA contributions from EPIC Crude.10. Exit rate represents average processed gas volumes during the fourth quarter of 2026.11. Market forward pricing as of July 28, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805695706/en/ Contacts Investor Contact Alex DurkeeShyam Patel(713) [email protected]

RPC (RES) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this oil and gas services company would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of +200%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. RPC, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $460.87 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.68%. This compares to year-ago revenues of $420.81 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. RPC shares have lost about 5.9% since the beginning of the year versus the S&P 500's gain of 6.9%. While RPC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for RPC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.06 on $478 million in revenues for the coming quarter and $0.20 on $1.85 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Kinetik Holdings Inc. (KNTK), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -42.4%. The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level. Kinetik Holdings Inc.'s revenues are expected to be $406.79 million, down 4.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RPC, Inc. (RES) : Free Stock Analysis Report Kinetik Holdings Inc. (KNTK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Kinetik Holdings Inc. (KNTK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -48.5%. Revenues are expected to be $406.79 million, down 4.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.15% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For KINETIK HLDGS, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -17.17%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that KINETIK HLDGS will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that KINETIK HLDGS would post earnings of $0.16 per share when it actually produced a loss of -$0.07, delivering a surprise of -143.75%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. KINETIK HLDGS doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Tetra Technologies (TTI), another stock in the Zacks Oil and Gas - Field Services industry, is expected to report earnings per share of $0.09 for the quarter ended June 2026. This estimate points to no change from the year-ago quarter. Revenues for the quarter are expected to be $178.7 million, up 2.8% from the year-ago quarter. The consensus EPS estimate for Tetra Technologies has been revised 10.5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -5.88%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Tetra Technologies will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinetik Holdings Inc. (KNTK) : Free Stock Analysis Report Tetra Technologies, Inc. (TTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HOUSTON & MIDLAND, Texas, July 14, 2026--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") has declared a cash dividend of $0.81 per share, or $3.24 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, July 31, 2026 to shareholders of record as of market close on Friday, July 24, 2026. Kinetik will host its second quarter 2026 results conference call on Thursday, August 6, 2026 at 8:00 am Central Time (9:00 am Eastern Time). The Company will issue its earnings release after market close on Wednesday, August 5, 2026. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Company’s website at www.ir.kinetik.com. A replay of the conference call will be available on the website following the call. Kinetik previously implemented a Dividend Reinvestment Plan (the "DRIP" or the "Plan") open to all shareholders. A complete description of the Plan is included in the Company’s Form S-3 registration statement filed with the SEC on July 12, 2024 and is posted on the Company’s website at www.kinetik.com. To participate, shareholders of record may register online by visiting the Broadridge website at shareholder.broadridge.com/KNTK or by contacting Broadridge Corporate Issuers, LLC, the Plan Administrator, by telephone toll free from inside the United States at 1-(877)-830-4936 or outside of the United States at 1-(720)-378-5591. Shareholders may also contact the Plan Administrator in writing at Broadridge Shareholder Services, Broadridge Corporate Issuer Solutions, LLC, PO Box 1342, Brentwood, NY 11717-0718. Please include a reference to Kinetik Holdings Inc. in all correspondence. Shareholders who own common stock through a broker should consult their broker regarding participation in the Plan. About Kinetik Holdings Inc. Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260714232558/en/ Contacts Kinetik Investors:Alex DurkeeShyam Patel(713) [email protected]

Last week's profit announcement from Kinetik Holdings Inc. (NYSE:KNTK) was underwhelming for investors, despite headline numbers being robust. We think that the market might be paying attention to some underlying factors that they find to be concerning. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Importantly, our data indicates that Kinetik Holdings' profit received a boost of US$388m in unusual items, over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Kinetik Holdings had a rather significant contribution from unusual items relative to its profit to March 2026. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As previously mentioned, Kinetik Holdings' large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Kinetik Holdings' statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. But the good news is that its EPS growth over the last three years has been very impressive. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So while earnings quality is important, it's equally important to consider the risks facing Kinetik Holdings at this point in time. Be aware that Kinetik Holdings is showing 3 warning signs in our investment analysis and 2 of those shouldn't be ignored... Today we've zoomed in on a single data point to better understand the nature of Kinetik Holdings' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Interested in Kinetik Holdings Inc.? Here are five stocks we like better. Kinetik posted record Q1 2026 results, with adjusted EBITDA of $251 million, and reaffirmed its full-year EBITDA guidance of $950 million to $1.05 billion despite higher-than-expected curtailments from weak Waha gas prices. Marketing gains helped offset production shut-ins in the quarter, as Gulf Coast takeaway capacity and spread-based marketing more than compensated for about 170 MMcf per day of Waha-related curtailments. The company sees growth ahead from contracts and projects, including amended Durango agreements, the nearing completion of the ECCC Pipeline, and progress on Kings Landing, while maintaining a strong balance sheet at 3.9x leverage. Kinetik (NYSE:KNTK) reported record first-quarter 2026 earnings and affirmed its full-year adjusted EBITDA outlook, as Gulf Coast gas marketing gains and stronger commodity prices helped offset higher-than-expected production curtailments tied to weak Waha natural gas prices. President and CEO Jamie Welch said the company’s first-quarter performance reflected execution across its commercial, operational and financial priorities. He also said Kinetik remains “incredibly well-positioned” despite a changed macroeconomic backdrop since the company reported fourth-quarter 2025 results. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum Senior Vice President and CFO Trevor Howard said adjusted EBITDA totaled $251 million, a quarterly record and above the high end of the range discussed on the prior earnings call. Distributable cash flow was $181 million, and free cash flow was $101 million. Kinetik’s Midstream Logistics segment generated a record $179 million of adjusted EBITDA, up 12% from the prior year on essentially flat volumes. Howard said the result reflected the benefit of Gulf Coast takeaway capacity contracted late last year. Spread-based marketing gains more than offset about 170 MMcf per day of Waha price-related production shut-ins during the quarter, turning what would have been a volume headwind into a margin tailwind. → 3 Ways to Target the Resources Powering AI and Data Centers Howard said first-quarter outperformance also reflected stronger system operating performance, higher condensate and NGL recoveries, higher fee-based margins, stronger commodity prices and slightly lower unit operating costs than budgeted. The Pipeline Transportation segment generated $78 million of adjusted EBITDA, down year over year due to the EPIC Crude divestiture that closed Oct. 31 and lower throughput volumes on Chinook. The company now expects low- to mid-single-digit percentage growth in processed gas volumes for 2026, down from its earlier expectation for high-single-digit growth. Howard said the revised outlook reflects approximately 220 MMcf per day of average curtailments for the year, compared with the company’s prior assumption of 100 MMcf per day. → Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major Players “The reduction in volume growth expectations is driven by our assumptions on price-related shut-ins, which are temporary in nature,” Howard said. Welch said Waha pricing has been unusually volatile, noting that as of May 7, Waha had been above zero for only 13 days in the year, with six of those days tied to Winter Storm Fern. He said the company had initially expected 2026 to be “the tale of two halves,” but negative Waha pricing into October was “truly hard to fathom.” Kinetik reaffirmed its 2026 adjusted EBITDA guidance range of $950 million to $1.05 billion. Howard said improved commodity margins and Gulf Coast marketing opportunities are expected to partially offset lower volume expectations from temporary shut-ins. The company also maintained its 2026 capital expenditures guidance range of $450 million to $510 million. First-quarter capital spending, including growth and maintenance, was $91 million, and Howard said remaining spending is expected to be fairly evenly weighted across the rest of the year. Howard said Kinetik continues to expect second-quarter adjusted EBITDA in the range of $230 million to $240 million and third- and fourth-quarter results in the range of $260 million to $270 million each. He said the back-half ramp is not based on a return of curtailed volumes, which the company expects to persist until December, but on new gas packages coming online across the system, particularly in New Mexico during the third quarter and in Texas during the fourth quarter. Howard said commodity prices have improved since the company’s February guidance assumptions. He estimated that current forward pricing, excluding Gulf Coast marketing spread, would add about $20 million to full-year 2026 adjusted EBITDA. Kinetik has added hedges and estimates its equity volume exposure is about 75% hedged for propane and butane and about 85% hedged for crude and C5-plus volumes. Welch said Kinetik’s commercial team added new customers across gas, crude and water services while continuing to revise commercial terms and extend legacy Durango contracts. During the quarter, the company completed a significant amendment with a large existing New Mexico customer that expanded dedicated acreage by about 25%, consolidated multiple agreements into one contract and extended terms through 2039. Welch said approximately 75% of legacy Durango gas processing volumes have now been amended over the past four months. He said the new and amended agreements extend terms into the mid- and late 2030s, increase margin, expand dedicated acreage, broaden services, provide downstream control of plant products and improve long-term visibility across Kinetik’s New Mexico system. During the question-and-answer session, Howard said the amended Durango agreements represent a modest uplift for 2026, about 1% to 2% of the base business, but they support future reinvestment and a potential Kings Landing expansion. He said the changes also reduced commodity exposure. When Kinetik acquired Durango, the system was about 60% fee-based and 40% commodity-based; Howard said the fee-based percentage has increased through restructurings, though it remains below the company’s Delaware South business, which is 85% to 90% fee margin. Kinetik said it is nearing completion of the ECCC Pipeline, with service expected later in the quarter. Welch said ECCC will allow the company to move incremental “sweet” New Mexico volumes south for processing and provide more market optionality in Texas. At Kings Landing, Kinetik received all required approvals from the Bureau of Land Management and the New Mexico Oil Conservation Division to proceed with its acid gas injection and sour gas conversion project for 20 MMcf per day of total acid gas capacity. Welch said long-lead materials have been ordered, construction is underway and the company plans to spud the first acid gas injection well this summer. Phase 1 remains on track for service by year-end 2026. Welch said the project will allow Kinetik to handle elevated H2S and CO2 levels across all three Delaware North processing complexes, bringing total operational total acid gas capacity to 26.5 MMcf per day and permitted capacity above 31 MMcf per day. Kinetik also continues to evaluate a Kings Landing processing capacity expansion. Welch said the company is “getting close” to a final investment decision on Kings Landing II but did not announce one on the call. The company also signed a zero-capital-expenditure interconnection with Pecos Power, connecting its Delaware Link residue gas pipeline to the Pecos Power Plant in Reeves County. Welch described the returns as “infinite” because Kinetik is committing no capital, and said the deal provides fee revenue while creating incremental in-basin gas demand. Kris Kindrick, senior vice president of commercial, said power companies also want hourly services, which could provide additional margin if Kinetik can offer that flexibility. Kinetik ended the quarter with leverage of 3.9 times, within its targeted range, and what Howard described as ample revolver capacity. He said the balance sheet and cash flow profile give the company flexibility to fund growth without compromising shareholder returns. Management said the return of curtailed production and expected new takeaway capacity should support 2027. Howard said more than 5 Bcf per day of new Permian gas capacity is expected to enter service by early 2027, with another 6 Bcf per day anticipated across 2028 and 2029. Welch said the company recently secured additional Gulf Coast pricing exposure starting in 2028 and has a European LNG price contract with INEOS beginning in early 2027. He said Waha is expected to remain discounted relative to other gas markets even after negative pricing conditions pass, making Gulf Coast and export-linked pricing important for customers. Asked about 2027, Welch said it was premature to quantify growth, but said several factors were aligning positively, including a higher PDP base from deferred volumes, accelerated customer activity, NGL contract resets and the first full year of the Kings Landing sour gas conversion project. Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company's core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain. The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Kinetik Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.