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HOUSTON - Kinetik Holdings Inc. (NYSE:KNTK), a midstream energy company with a market capitalization of $6.48 billion, declared a quarterly cash dividend of $0.78 per share, offering an attractive 7.51% dividend yield, according to InvestingPro data.
The dividend, which equates to $3.12 per share on an annualized basis, will be paid on August 1, 2025, to shareholders of record as of market close on July 25, 2025. InvestingPro analysis shows the company has consistently raised its dividend for three consecutive years, demonstrating strong commitment to shareholder returns despite trading above its Fair Value.
The midstream energy company also announced it will host its second quarter 2025 results conference call on August 7 at 8:00 am Central Daylight Time. Kinetik plans to issue its earnings release after market close on August 6.
The company reminded shareholders about its previously implemented Dividend Reinvestment Plan (DRIP), which allows shareholders to reinvest their cash dividends in additional shares of common stock. Details about the plan are included in the company’s Form S-3 registration statement filed with the SEC on July 12, 2024.
Shareholders of record can register for the DRIP online through Broadridge’s website or by contacting Broadridge Corporate Issuers, the Plan Administrator. Shareholders who own common stock through a broker should consult their broker regarding participation.
Kinetik is a Permian-to-Gulf Coast midstream company operating in the Delaware Basin, providing gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water producers. The company has demonstrated robust growth with revenue increasing 20.36% over the last twelve months. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Kinetik Holdings Inc. has announced significant financial developments, securing a $1.6 billion revolving credit facility, which includes a $200 million sublimit for letters of credit and a $300 million sublimit for swingline loans. Additionally, Kinetik Holdings LP has entered into a $1.15 billion term loan credit agreement with Toronto Dominion (Texas) LLC, both guaranteed by the parent company. These agreements replace previous credit facilities and are designed to support the company’s financial strategies. Meanwhile, Mizuho has lowered its price target for Kinetik Holdings to $57.00 from $61.00, citing volume headwinds and operational challenges, yet maintaining an Outperform rating. In a related move, RBC Capital Markets also adjusted its price target to $55.00 from $57.00, reflecting concerns over commodity headwinds but retaining an Outperform rating. Citi analysts, on the other hand, have maintained their Buy rating with a price target of $55.00, noting potential short-term challenges but expressing confidence in the company’s long-term prospects. Furthermore, Kinetik Holdings announced the retirement of its chief strategy officer, Anne Psencik, who will continue as a consultant until 2028, ensuring continuity in strategic initiatives. These recent developments highlight Kinetik Holdings’ ongoing efforts to navigate market challenges while positioning itself for future growth.
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