KNTK
EnergyKinetik Holdings Inc. · Oil & Gas Midstream · $4B
What is Kinetik Holdings Inc.?
Kinetik Holdings is a midstream energy company focused on the Texas Delaware Basin. It serves upstream producers by moving and processing natural gas, crude oil, and related products through an integrated infrastructure network.
Kinetik generates revenue by providing essential midstream services — gathering, transporting, compressing, processing, and treating hydrocarbons — to oil and gas producers operating in the Delaware Basin. Rather than taking commodity price risk directly, the company earns fees for moving and handling production volumes. This fee-based model links revenue to throughput rather than the price of oil or gas, offering some insulation from commodity swings while remaining tied to regional drilling activity.
Kinetik Holdings was established in 2018 and is headquartered in Midland, Texas.
- Natural gas gathering and transportation pipelines
- Compression and processing facilities
- Natural gas liquids handling and treating
- Crude oil gathering services
- Produced water gathering and disposal
Is KNTK a Good Stock to Buy?
UQS Score rates KNTK as Below Average overall, reflecting meaningful headwinds across several quality dimensions.
The Growth pillar stands out as the clearest positive — Kinetik operates in one of North America's most active production basins, and throughput expansion has supported a constructive growth profile. The Quality and Valuation pillars land at Neutral, suggesting neither a significant drag nor a standout advantage in those areas.
The Moat and Risk pillars are both rated Weak, pointing to limited competitive differentiation and an elevated risk profile — factors that weigh on the overall composite score.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does KNTK pay dividends?
Yes — Kinetik Holdings Inc. pays a dividend.
Kinetik pays a regular dividend, consistent with the midstream sector's tradition of returning cash to shareholders. Fee-based cash flows from long-term contracts support the distribution, though investors should weigh the Weak Risk pillar rating when assessing dividend sustainability. For current yield and payout details, the company's investor relations page is the authoritative source.
When does KNTK report earnings?
Kinetik Holdings reports earnings on a quarterly cadence, typical for US-listed equities.
Throughput volumes in the Delaware Basin have been a key driver of Kinetik's reported results, with growth in gathered and processed volumes reflecting active upstream drilling. Fee-based revenue provides relative stability, though leverage levels and capital spending remain areas investors monitor closely.
For the most recent quarter's results and guidance, visit Kinetik Holdings' investor relations page directly.
What if I invested in Kinetik Holdings Inc.?
Based on Kinetik Holdings Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
KNTK Long-term Outlook
Kinetik's fundamental outlook is shaped by the interplay of a Good Growth profile against Weak Risk and Moat ratings. Continued producer activity in the Delaware Basin could sustain volume growth, but the company's limited competitive moat means it may face pressure on contract terms over time. Elevated financial risk — likely tied to balance sheet leverage common in midstream build-out phases — tempers the otherwise constructive growth trajectory.
Growth drivers
- Expanding Delaware Basin production volumes driving higher throughput fees
- Infrastructure additions extending the gathering and processing network
- Long-term fee contracts providing revenue visibility
Key risks
- High leverage typical of midstream capital-intensive build-outs
- Weak competitive moat limiting pricing power with producers
- Dependence on regional drilling activity and upstream capital spending
KNTK vs Peers
Kinetik operates in a broader midstream and energy logistics landscape alongside companies with distinct business models.
DHT focuses on crude oil tanker shipping rather than land-based midstream infrastructure, exposing it to global freight rate cycles rather than basin-level throughput dynamics.
TORM operates a product tanker fleet transporting refined petroleum products internationally, a model driven by seaborne trade flows rather than domestic gathering contracts.
Delek Logistics provides pipeline and storage services closely tied to its parent refiner's supply chain, giving it a more captive customer base than Kinetik's producer-facing model.
Frequently Asked Questions
What does Kinetik Holdings do?
Kinetik Holdings provides midstream infrastructure services in the Texas Delaware Basin. It gathers, transports, compresses, processes, and treats natural gas, natural gas liquids, crude oil, and produced water for upstream energy producers. The company earns fees based on volumes handled rather than commodity prices.
Does KNTK pay dividends?
Yes, Kinetik Holdings pays a regular dividend. The midstream sector commonly returns cash to shareholders through distributions supported by fee-based contract cash flows. Investors should review the company's investor relations page for current dividend amounts and payment schedules, and consider the Weak Risk pillar when evaluating sustainability.
When does KNTK report earnings?
Kinetik reports earnings on a quarterly cadence, as is standard for US-listed companies. For exact upcoming report dates and recent results, check Kinetik Holdings' investor relations page, as our data source does not cover specific calendar dates.
Is KNTK a good stock to buy?
UQS Score rates KNTK as Below Average overall. While the Growth pillar is rated Good — reflecting active Delaware Basin production — the Moat and Risk pillars are both Weak, indicating limited competitive differentiation and elevated risk. The full pillar breakdown is available to Pro members on UQS Score.
Is KNTK overvalued?
KNTK's Valuation pillar is rated Neutral, suggesting the market's current pricing is neither clearly stretched nor deeply discounted relative to the company's fundamentals. For detailed valuation metrics and how they compare to sector peers, the complete analysis is available to Pro members.
How does KNTK compare to its competitors?
Kinetik's closest listed peers include Delek Logistics Partners, DHT Holdings, and TORM plc. Each operates a different segment of the energy infrastructure and logistics space. Kinetik's Delaware Basin focus distinguishes it from tanker operators, while Delek Logistics has a more captive refiner-linked customer base. See the competitor table above for more context.
What is KNTK's market cap bracket?
Kinetik Holdings is classified as a mid-cap company. This places it in a range where it has meaningful operational scale but may have less financial flexibility or analyst coverage than large-cap midstream peers.
Who founded Kinetik Holdings?
Kinetik Holdings was established in 2018. Detailed founding history and leadership background are publicly available through the company's official website and SEC filings, which provide the most accurate and current information.
Is KNTK a long-term quality investment?
As a long-term quality indicator, KNTK's Below Average UQS Score reflects concerns worth monitoring — particularly the Weak Moat and Risk ratings. The Good Growth profile offers a constructive element, but long-term quality typically requires stronger competitive positioning and financial resilience. Pro members can access the full multi-pillar view.
What is the main competitive advantage of Kinetik Holdings?
Kinetik's primary advantage is its integrated midstream footprint in the Delaware Basin, one of the most prolific oil and gas regions in the US. However, the UQS Moat pillar is rated Weak, suggesting this geographic positioning does not yet translate into a durable competitive advantage relative to the broader sector.
What sector does KNTK belong to?
Kinetik Holdings operates in the Energy sector, specifically within the midstream subsegment. Midstream companies sit between upstream producers and downstream refiners or end users, earning fees for transporting and processing hydrocarbons rather than producing or refining them.
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Pro Analysis
KNTK — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 43.6 | 39.3 | 33.0 | 73.9 | 32.6 | 38.7 | -2.0 |
| May 7, 2026 | 45.6 | 42.8 | 33.0 | 73.9 | 35.2 | 43.9 | -0.1 |
| May 3, 2026 | 45.7 | 42.8 | 33.0 | 73.9 | 35.2 | 44.8 | -0.3 |
| Apr 26, 2026 | 46.0 | 42.8 | 33.0 | 73.9 | 35.2 | 46.5 | -0.2 |
| Apr 22, 2026 | 46.2 | 42.8 | 33.0 | 73.9 | 35.2 | 48.0 | 0.0 |
| Apr 21, 2026 | 46.2 | 42.8 | 33.0 | 73.9 | 35.2 | 47.9 | 0.0 |
| Apr 19, 2026 | 46.2 | 42.8 | 33.0 | 73.9 | 35.2 | 48.0 | -0.1 |
| Apr 18, 2026 | 46.3 | 42.8 | 33.0 | 73.9 | 35.2 | 48.2 | +2.0 |
| Apr 14, 2026 | 44.3 | 42.8 | 33.0 | 73.9 | 35.2 | 35.2 | +0.1 |
| Apr 12, 2026 | 44.2 | 42.8 | 33.0 | 73.9 | 35.2 | 34.8 | -0.2 |
KNTK — Pillar Breakdown
Quality
— 39.3/100 (25%)Kinetik Holdings Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 73.9/100 (20%)Kinetik Holdings Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 32.6/100 (15%)Kinetik Holdings Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 38.2/100 (15%)Kinetik Holdings Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Kinetik Holdings Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for KNTK.
Score Composition
Financial Data
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How is the KNTK UQS Score Calculated?
The UQS (Unified Quality Score) for Kinetik Holdings Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Kinetik Holdings Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Kinetik Holdings Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.