Why These Energy Stocks are Losing This Week

8. Kinetik Holdings Inc. (NYSE:KNTK)

Share Price Decline Between Nov 3 – Nov 10: 10.66%

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

Kinetik Holdings Inc. (NYSE:KNTK) slid after it reported mixed results for its third quarter on November 5, with the company’s EPS of $0.03 falling below expectations by $0.27, primarily due to higher costs of goods sold and operating expenses. However, the midstream operator’s revenue of $463.9 million managed to top estimates by over $33 million, besides being up by 17.1% YoY. Moreover, Kinetik lowered its adjusted EBITDA guidance by 5% for 2025 and 2% for 2026.

Following the report, Clear Street analyst Tim Moore lowered the firm’s price target on Kinetik Holdings Inc. (NYSE:KNTK) from $60 to $55, while maintaining a ‘Buy’ rating on its shares. The price update reflects the operational challenges faced by Kinetik during 2025 and the delay the company faces in bringing its King’s Landing project fully online.