KINETIK HOLDINGS INC.
boothcheck covers KINETIK HOLDINGS INC. (KNTK) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
Kinetik is a Permian Basin gathering-and-processing company whose GAAP earnings understate the business: the standard earnings and cash-flow models collapse on depreciation and one-time items, while Q1 2026 adjusted EBITDA set a record at $251.2 million and distributable cash flow was $181 million. At $46.50 (June 27, 2026) the price sits below what even a 5% per year decline in the midstream-logistics segment's operating profit would warrant, the engine's read with high confidence. The dividen
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297 institutional managers reported holding KNTK in 13F filings for the quarter ended 2026-03-31. 74 opened new positions that quarter. Held by Blackstone, BlackRock, Vanguard Group, among others. On the short side, 4.9M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (5.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has for 5 years running, raised 3 years straight; the current rate is $1.50 a share annually. Cash returned over the past three years: $466.38M in dividends and $176.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at KNTK over the trailing three years: 2023: 3 buys totaling $2.29M; 2024: 1 buy totaling $500k; 2025: 2 buys totaling $472k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KNTK's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2021-11-06 | +3.5% | -5.2% |
| 2023-03-08 | +2.1% | -5.4% |
| 2023-05-05 | +0.6% | +19.7% |
| 2023-08-09 | -3.6% | +2.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KNTK's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-25 (items 5.02, 7.01, 9.01); 2026-05-20 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-04-03 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.