5 Oil Stocks with Highest Dividends

4. Kinetik Holdings Inc. (NYSE:KNTK)

Dividend Yield as of March 18: 7.14%

Kinetik Holdings Inc. (NYSE:KNTK) is the premier midstream operator in the Delaware Basin, providing gathering, compression, processing, transportation, and water management services.

On March 17, Scotiabank upped its price target on Kinetik Holdings Inc. (NYSE:KNTK) from $49 to $51, while maintaining an ‘Outperform’ rating on the shares. The revision, which indicates an upside of over 12% from the current share price, comes as the analyst firm updated its price targets on the US midstream companies under its coverage. The move is driven by the slight improvements in target multiples.

Kinetik Holdings Inc. (NYSE:KNTK) is expecting an adjusted EBITDA in the range of $950 million to $1.05 billion in FY 2026, representing a growth of over 7% YoY at the midpoint when adjusted for the sale of EPIC Crude. The company also reiterated its commitment to shareholders by announcing its target of ‘annual dividend increases of 3% to 5% until dividend coverage reaches 1.6x, and leverage between 3.5x and 4x’.

Kinetik Holdings Inc. (NYSE:KNTK) was also recently included in our list of the 12 Most Shorted Stocks to Buy in 2026.