Kinetik Holdings Full Year 2024 Earnings: Misses Expectations

Kinetik Holdings (NYSE:KNTK) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.48b (up 18% from FY 2023).
• Net income: US$80.0m (down 71% from FY 2023).
• Profit margin: 5.4% (down from 22% in FY 2023).
• EPS: US$1.35 (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 23% p.a. on average during the next 3 years, compared to a 4.0% 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 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Kinetik Holdings you should be aware of, and 2 of them make us uncomfortable.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.