11 Worst Performing Dividend Stocks Year-to-Date

7. Kinetik Holdings Inc. (NYSE:KNTK)

YTD Decline in Share Price as of December 8: 37.2%

Kinetik Holdings Inc. (NYSE:KNTK) is among the worst-performing dividend stocks to invest in.

On December 2, Jefferies initiated its coverage on Kinetik Holdings Inc. (NYSE:KNTK) with a Buy rating and a $41 price target. The analyst noted that the company’s growth prospects are “overly discounted” after a “disappointing” fiscal 2025, some of which was driven by macro headwinds. Jefferies expects Kinetik to deliver adjusted EBITDA growth of 8% through 2030, placing it among the stronger performers in the midstream space.

Kinetik Holdings Inc. (NYSE:KNTK)’s third-quarter earnings, which were announced on November 5, came in strong with total operating revenues of $463.9 million, up 17% from the same period last year. The company’s product revenue was $357.6 million, compared with $290.4 million in the prior-year period. Kinetik reached a key milestone during the quarter, with Kings Landing officially entering full commercial service, bringing processing capacity to New Mexico. Jamie Welch, President and CEO, said that Kings Landing is regularly running above 100 million cubic feet per day, which is consistent with the company’s expectations.

Kinetik Holdings Inc. (NYSE:KNTK) also maintains a healthy cash buffer. In the most recent quarter, the company reported a distributable cash flow of $158 million and free cash flow of $50.9 million. Due to this cash position, Kinetik’s dividend coverage ratio came in at 1.3x.

Kinetik Holdings Inc. (NYSE:KNTK) is an American midstream energy company that is focused on the Permian Basin.