Kinetik Holdings Inc. (NYSE:KNTK) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On November 10, Wells Fargo analyst Michael Blum lowered Kinetik Holdings Inc. price target to $40 from $48, citing a reduced volume outlook, while maintaining an Equal Weight rating, according to a report by The Fly. The analyst noted that the 2025 EBITDA guidance was revised downward to reflect Q3 results and slowing producer activity.
In its Q3 2025 report, Kinetik Holdings Inc. highlighted the startup of the Kings Landing processing plant in New Mexico. The company stated that the facility is well-designed, allowing for future processing capacity expansions with fewer operational challenges. Kings Landing is consistently processing over 100 million cubic feet per day, meeting the company’s original expectations.
Kinetik Holdings Inc. reported capital expenditures of $154 million and updated its full-year adjusted EBIDTA guidance to a range of $965 million to $1.005 billion, attributing the revision to volume-related challenges, fluctuations in commodity prices, and the timing of the Kings Landing plant start-up.
Kinetik Holdings Inc. is a midstream energy firm operating in the Permian Basin, offering services to oil and gas producers.
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