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Prior to these sales, the investors had acquired 657,582 shares of Class A Common Stock without any cash exchange, as part of a conversion of Kinetik Holdings Units. The transactions reflect strategic decisions by these investors, who are significant stakeholders in Kinetik Holdings, a company engaged in natural gas transmission. InvestingPro analysis shows the company maintains a GOOD financial health score, though it currently trades above its Fair Value. Investors can access detailed valuation metrics and 10+ additional ProTips through the comprehensive Pro Research Report. InvestingPro analysis shows the company maintains a GOOD financial health score, though it currently trades above its Fair Value. Investors can access detailed valuation metrics and 10+ additional ProTips through the comprehensive Pro Research Report.
Prior to these sales, the investors had acquired 657,582 shares of Class A Common Stock without any cash exchange, as part of a conversion of Kinetik Holdings Units. The transactions reflect strategic decisions by these investors, who are significant stakeholders in Kinetik Holdings, a company engaged in natural gas transmission. InvestingPro analysis shows the company maintains a GOOD financial health score, though it currently trades above its Fair Value. Investors can access detailed valuation metrics and 10+ additional ProTips through the comprehensive Pro Research Report.
Prior to these sales, the investors had acquired 657,582 shares of Class A Common Stock without any cash exchange, as part of a conversion of Kinetik Holdings Units. The transactions reflect strategic decisions by these investors, who are significant stakeholders in Kinetik Holdings, a company engaged in natural gas transmission.
In other recent news, Kinetik Holdings Inc. reported a significant miss in its fourth-quarter 2024 earnings, with earnings per share (EPS) of $0.01 falling short of the expected $0.48. The company’s revenue also failed to meet forecasts, coming in at $385.72 million against a projection of $393.45 million. Despite these setbacks, Kinetik Holdings achieved a 16% increase in full-year adjusted EBITDA, reaching $971 million. The company remains optimistic about 2025, providing guidance for further EBITDA growth.
Additionally, Kinetik Holdings announced the pricing of a $250 million sustainability-linked senior notes offering, which will be used for general corporate purposes, including debt repayment. This follows a previous issuance of $800 million in similar notes. In corporate governance news, Jesse Krynak resigned from the board of directors, with no disagreements cited, as per the company’s recent filing with the SEC.
RBC Capital Markets recently adjusted its outlook on Kinetik Holdings, lowering the price target from $67.00 to $63.00 but maintaining an Outperform rating. The firm’s confidence is supported by Kinetik’s strategic positioning in the Permian Basin and its upcoming projects. These developments reflect the dynamic environment in which Kinetik Holdings operates, as the company continues to navigate challenges and opportunities within the energy sector.
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