Kinetik Holdings (NYSE:KNTK) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.48b (up 18% from FY 2023).
• Net income: US$244.2m (down 10% from FY 2023).
• Profit margin: 17% (down from 22% in FY 2023).
• EPS: US$4.12 (down from US$5.25 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kinetik Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Kinetik Holdings (2 shouldn't be ignored!) that you need to take into consideration.

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