Kinetik Holdings Inc. announced it has entered into a series of agreements under which Kinetik will provide low-pressure and high-pressure natural gas gathering and processing services under a newly executed, 15-year agreement with a large existing Kinetikcustomer in Eddy County, New Mexico, an approximately $200 million capital investment through 2026. Kinetik anticipates an approximately 5 times run-rate EBITDA investment multiple. The contract will commence at year-end, starting with gathering services and extend to processing services starting in the second quarter of 2025.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
39.85 USD | -0.47% | -2.04% | +19.31% |
May. 14 | Wells Fargo Adjusts Price Target on Kinetik to $40 From $37, Maintains Equalweight Rating | MT |
May. 09 | Transcript : Kinetik Holdings Inc. - Special Call |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+19.31% | 2.38B | |
+3.29% | 76.56B | |
+7.48% | 61.5B | |
+18.63% | 50.36B | |
+12.56% | 46.13B | |
+11.45% | 43.63B | |
+10.89% | 41.63B | |
+1.99% | 40.03B | |
+34.37% | 25.88B | |
-4.88% | 22.92B |
- Stock Market
- Equities
- KNTK Stock
- News Kinetik Holdings Inc.
- Kinetik Holdings Inc. Enters into a 15-Year Agreement to Provide Low-Pressure and High-Pressure Gas Gathering and Processing Services