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. 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..
Kinetik Holdings Inc. 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.
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This article is originally published at Insider Monkey.
