Kinetik Holdings announces $0.78 quarterly dividend

HOUSTON & MIDLAND, Texas - Kinetik Holdings Inc. (NYSE: KNTK), a midstream energy company, has declared a quarterly cash dividend of $0.78 per share, which annualizes to $3.12 per share. Shareholders on record by the close of the market on April 25, 2025, will be eligible for the dividend payout scheduled for May 2, 2025.

In addition to the dividend announcement, Kinetik confirmed it will hold a conference call on Thursday, May 8, 2025, at 8:00 am Central Daylight Time to discuss its first-quarter financial results. With a P/E ratio of 6.57 and current market capitalization of $5.42 billion, InvestingPro data suggests the stock is currently undervalued based on its Fair Value analysis. The company plans to release its earnings after the market closes on May 7, 2025. Materials related to the earnings, including the release text, presentation, and a link to the live webcast, will be accessible on Kinetik’s investor relations website. A replay of the call will be available on the same site post-conference.

The company also reminded shareholders of its Dividend Reinvestment Plan (DRIP), which allows shareholders to reinvest their cash dividends into additional shares of Kinetik’s common stock. Details of the DRIP can be found in the company’s Form S-3 registration statement filed with the SEC on July 12, 2024, and on Kinetik’s website.

Shareholders interested in the DRIP can sign up online through the Broadridge website or contact Broadridge Corporate Issuers, LLC, the administrator of the plan, for assistance. Participation instructions are also provided for shareholders who hold their common stock through a broker.

Kinetik Holdings Inc. is a fully integrated midstream corporation operating in the Delaware Basin, with headquarters in Houston and Midland, Texas. The company, which generated $9.47 billion in revenue over the last twelve months, offers a range of services for the natural gas, natural gas liquids, crude oil, and water production sectors, including gathering, transportation, compression, processing, and treating. For detailed analysis and comprehensive financial metrics, investors can access the full Pro Research Report available on InvestingPro, which provides deep-dive analysis of this and 1,400+ other US stocks. Kinetik regularly updates its investors and the public with announcements and press releases via its website.

This news article is based on a press release statement from Kinetik Holdings Inc.

In other recent news, APA Corporation has announced a series of leadership changes, appointing Ben Rodgers as the new executive vice president and chief financial officer, effective May 12, 2025. Additionally, Shad Frazier has been named senior vice president of U.S. Onshore Operations, while Donald Martin will take on the role of vice president, Decommissioning. These appointments are part of APA’s strategy to enhance its financial and operational capabilities. Meanwhile, Mizuho Securities adjusted its outlook on APA Corporation, reducing the stock price target from $24.00 to $20.00, maintaining an Underperform rating. This adjustment reflects concerns over potential challenges in oil prices and APA’s cost-reduction strategies.

In contrast, Benchmark analysts maintained a Buy rating for Apache Corp., with a price target of $33.00, expressing confidence in the company’s performance. They project a first-quarter earnings per share (EPS) of $0.90 and an EBITDA of $1.33 billion, slightly below consensus estimates. Additionally, the energy sector, including APA Corporation, has faced pressure due to a decline in crude oil prices amidst escalating trade tensions, leading to a broad sell-off in energy stocks.

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