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Stock impact report

Kinetik Holdings (KNTK) Is Down 9.2% After Net Income Drops Despite Revenue Growth and Project Launch [Yahoo! Finance]

Kinetik Holdings Inc. Class A (KNTK) 
Company Research Source: Yahoo! Finance
Amid the mixed financials, the company also brought its King's Landing project fully online and entered new agreements to enhance gas supply and market access. We'll examine how the sharp decline in net income and earnings per share could influence Kinetik Holdings' investment narrative moving forward. Find companies with promising cash flow potential yet trading below their fair value Kinetik Holdings Investment Narrative Recap To own shares of Kinetik Holdings, an investor needs to believe in the long-term demand for midstream services in the Permian Basin, supported by energy transition trends and recent infrastructure expansions. The sharp decline in net income and earnings per share reported this quarter increases attention on earnings quality and margin stability, but does not materially change the primary near-term business catalyst: ramping volumes from newly completed growth projects. The biggest risk, exposure to Permian drilling cycles and regional competition, rem Show less Read more
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