Kinetik Q3 Profit, Revenue Rise

MT Newswires Live

2024-11-07

Kinetik Holdings (KNTK) reported late Wednesday Q3 earnings of $0.35 per share, up from $0.21 per share a year earlier.

Analysts polled by Capital IQ expected $0.35 per share.

Revenue for the quarter ended Sept. 30 was $396.4 million, up from $330.3 million a year earlier.

Three analysts polled by Capital IQ expected $358.8 million.

The company now expects 2024 adjusted earnings before interest, taxes, depreciation and amortization of $970 million to $1 billion, compared with previous guidance of $905 million to $960 million.

Price: 49.25, Change: -0.39, Percent Change: -0.79

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