Kinetik Holdings Inc
KNTK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Gsp | Pkfmvdtgw |
Kinetik Earnings: Debt Metrics Continue to Improve as Network Matures
No-moat rated Kinetik posted a surprise substantial miss on earnings per share per FactSet consensus driven by higher operation expenses and weather-driven outages. Even so, our fair value estimate remains unchanged at $39 as the pathway for the firm is clearer than ever with all major expansion projects now online and 50% of the year's capital plan deployed.