NYSE$KNTK

Kinetik Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Kinetik completed business combination of Altus Midstream Company and BCP Raptor Holdco LP, creating a fully integrated midstream company.

Kinetik Holdings Inc. announced the completion of a business combination, creating a unique, fully integrated midstream company. The company's Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “KNTK” on February 23, 2022.

  • Kinetik is now the only pure-play midstream company in the Texas Delaware Basin.
  • The business combination included Altus Midstream Company and BCP Raptor Holdco LP.
  • Kinetik's Class A common stock will trade on the Nasdaq under the ticker symbol “KNTK”.
  • Apache has executed a new 10-year dedication agreement with Kinetik for its central Reeves County acreage.

Headline financials

Total Revenue

$56.3M

Previous: $35.4M+59.1%
EPS (adj)

-$8.28

Previous: $0.58-1527.6%
Capital Expenditures

$17.4M

Previous: $152M-88.5%
Free Cash Flow

$33.9M

Previous: -$125M+127.1%
Net Income

-$5.93M

Previous: $60.3M-109.8%
Operating Income

$5.25M

Previous: $12.4M-57.6%
Gross Profit

$45.7M

Previous: $27.7M+65.2%
Cash & Equivalents

$18.7M

Previous: $24.2M-22.6%
Total Assets

$3.55B

Previous: $1.8B+97.4%

Revenue & EPS history

Kinetik · Revenue · Quarterly

$56.3M

Q4 2021+59.1%vs Q4 2020
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Forward guidance

Kinetik will host an Investor Update and 2022 Guidance conference call on Thursday, February 24, 2022, to discuss the 2022 guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+4.6%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+11.0%

Avg return

30 days after

37%

13 / 35 earnings

Positive

+208.5%

Q3 2020

Best reaction

-15.3%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+1.3%-6.7%
Q4 2025+8.0%+6.7%+11.7%
Q3 2025-8.0%-6.2%-1.2%
Q1 2025+5.0%+11.5%+9.2%
Q4 2024-4.1%-6.1%-12.3%
Q3 2024+12.9%+15.1%+16.4%
Q2 2024+2.2%+0.9%+9.0%
Q1 2024-0.6%+1.4%+1.7%
Q4 2023+6.5%+5.2%+20.2%
Q3 2023-3.1%-1.3%-2.8%
Q2 2023-2.4%+0.1%-6.5%
Q1 2023-7.0%+0.8%+11.1%
Q4 2022+1.6%+7.4%+5.5%
Q3 2022-5.7%-6.8%-14.7%
Q2 2022-2.4%-1.1%-9.5%
Q1 2022+5.1%+8.5%+23.6%
Q4 2021-6.0%-1.7%+4.6%
Q3 2021+1.4%+4.9%+5.9%
Q2 2021-1.2%+0.9%-1.2%
Q1 2021-2.8%+0.5%+2.2%
Q4 2020-0.6%-8.4%-4.5%
Q3 2020+208.5%+236.2%+402.1%
Q2 2020+18.0%+19.2%+5.0%
Q1 2020-0.8%-7.6%+43.9%
Q2 2019-15.3%-23.7%-44.9%
Q4 2019-14.8%-14.8%-66.3%
Q3 2019-4.3%+0.4%-16.1%
Q1 2019+1.2%-1.4%-10.9%
Q4 2018-9.3%-8.5%-3.6%
Q2 2018-9.3%-8.5%-3.6%
Q4 2017-9.3%-31.3%-26.5%
Q3 2018-0.6%
Q1 2018-0.9%
Q2 2017+0.4%
Q3 2017-0.1%
Q1 2017

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