RBC Says Improved Permian Infrastructure May Lift Kinetik’s (KNTK) Waha Prices

Kinetik Holdings Inc. (NYSE:KNTK) ranks among the best energy stocks with huge upside potential. On November 19, RBC Capital reduced its price target for Kinetik Holdings Inc. (NYSE:KNTK) to $46 from $52, while keeping an Outperform rating on the company’s shares. The cut comes after Kinetik’s third-quarter 2025 results, which came in shy of expectations according to RBC Capital.

Kinetik Holdings Inc. (NYSE:KNTK) management lowered its 2025 EBITDA projection from $1,030-1,090 million to $965-1,005 million in response to its weak third-quarter performance and ongoing difficulties expected in the fourth quarter. Additionally, the company effectively revoked its previous run-rate projection for the fourth quarter, which was an annualized $1.2 billion. The company’s underperformance was also exacerbated by a slight delay in the Kings Landing start-up.

Despite current difficulties, RBC believes that new Permian natural gas takeaway infrastructure should eventually lower curtailment activity and enhance Waha prices for Kinetik Holdings Inc. (NYSE:KNTK).

Kinetik Holdings Inc. (NYSE:KNTK) is a midstream energy company operating in the Delaware Basin. It provides comprehensive services for companies that produce natural gas, natural gas liquids (NGLs), crude oil, and water.

While we acknowledge the potential of KNTK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KNTK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.