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Kinetik Holdings Inc   (KNTK)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $45.9000 $0.30 0.658%
Day's High: $46.29 Week Perf: 5.76 %
Day's Low: $ 45.60 30 Day Perf: 5.47 %
Volume (M): 497 52 Wk High: $ 46.29
Volume (M$): $ 22,789 52 Wk Avg: $37.67
Open: $45.88 52 Wk Low: $31.31



 Market Capitalization (Millions $) 5,272
 Shares Outstanding (Millions) 115
 Employees 17
 Revenues (TTM) (Millions $) 1,256
 Net Income (TTM) (Millions $) 386
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 330

Kinetik Holdings Inc
Kinetik Holdings Inc is a company based in Canada that provides innovative technology solutions to both government and private sector clients. The company specializes in providing intelligent transportation systems, energy storage systems, and unmanned aerial systems.

Kinetik Holdings Inc was founded in 2013 by Stefan Hrabok, who is the CEO of the company. The company has its headquarters in Calgary, Alberta, Canada, and has offices in Vancouver and Ottawa.

The company's main focus is on intelligent transportation systems, which include solutions like traffic management, parking systems, and vehicle tracking. Kinetik Holdings Inc uses advanced technology like artificial intelligence, machine learning, and the internet of things (IoT) to create intelligent transportation systems that are highly efficient and reliable.

Kinetik Holdings Inc is also involved in the development of energy storage system solutions. The company has designed and created battery technology that can store energy generated from renewable sources like solar and wind power. This technology can be used to power remote areas or to store energy during peak hours when demand for electricity is high.

For the unmanned aerial systems sector, the company designs and builds innovative drone technology solutions. These drones can be used in various applications like surveying, inspection, mapping, and emergency response.

Kinetik Holdings Inc is highly recognized for its innovative technology solutions and has received several awards for its contributions to the technology industry. The company is committed to sustainability and aims to create technology solutions that can benefit people and the environment.

In summary, Kinetik Holdings Inc is a highly innovative and technologically advanced company that provides intelligent transportation systems, energy storage solutions, and unmanned aerial systems. The company's commitment to sustainability and innovation has placed it among the leading technology companies in Canada.


   Company Address: 2700 Post Oak Boulevard, Suite 300 Houston, 77056 TX
   Company Phone Number: 621-7330   Stock Exchange / Ticker: NYSE KNTK


   

Stock Performances by Major Competitors

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Business Update

Kinetik Holdings Inc. Unleashes Transformational Strategy, Completes Profound Divestiture, and Unlocks Vast Potential...

Published Wed, Jun 5 2024 12:38 AM UTC

Kinetik Holdings Inc. Completes Multimillion-Dollar Divestiture Deal, Paving the Way for Future Expansion in Energy SectorHOUSTON & MIDLAND, Texas - In a landmark deal that has captured the attention of the energy sector, Kinetik Holdings Inc. (NYSE: KNTK) announced today the successful completion of its sale and direct transfer of its 16% equity interest in the Gulf Coast E...

Business Update

Kinetik Unleashes Capital Potential: Seals Multi-Million Dollar Divestiture of Gulf Coast Express Pipeline Stake, Fue...

Published Tue, Jun 4 2024 9:38 PM UTC

Kinetik Successfully Finalizes Divestiture of Gulf Coast Express Pipeline Stake to ArcLight Capital Partners, Unlocking Capital for Future Growth InitiativesHouston & Midland, Texas - In a strategic move to maximize its portfolio value and capitalize on growth opportunities, Kinetik Holdings Inc. (NYSE: KNTK) (Kinetik or the Company) has officially completed the divestiture ...

Business Update

Kinetik Holdings Inc. Sets the Stage for Growth with $1 Billion Northern Delaware Deals and Strategic Divestiture

Published Fri, May 10 2024 12:47 AM UTC

In a notable move that solidifies its position in the energy sector, Kinetik Holdings Inc. (NYSE: KNTK) has recently revealed a series of agreements that promise to shape the company's future. With striking developments in Northern Delaware and a strategic decision to divest its 16% stake in the Gulf Coast Express Pipeline, Kinetik is setting the stage for a new chapter of g...

Business Update

Kinetik Holdings Inc. Embarks on Strategic Acquisitions and Divestiture in Northern Delaware and Gulf Coast Express Pipeline

Published Thu, May 9 2024 10:47 PM UTC

In a series of agreements, Kinetik Holdings Inc. (NYSE: KNTK) has announced significant transactions that are set to reshape its operations and expand its portfolio. The strategic move involves the acquisition of Durango, a deal worth $765 million in cash and equity, as well as the divestiture of its 16% interest in the Gulf Coast Express Pipeline. These developments demonst...

Stock Transactions

Kinetik's Class A Common Stock Secondary Offering Reflects Market Confidence and Attractive Pricing

Published Thu, Mar 14 2024 4:39 AM UTC


Kinetik Announces Pricing of Secondary Offering of Common Stock
Kinetik Holdings Inc. (NYSE: KNTK) recently made headlines with its announcement of the pricing of an underwritten secondary offering of its Class A common stock. The offering comprises 11,373,801 shares being sold by Apache Midstream LLC, a subsidiary of Apache Corporation, at a price of $33.75 per sha...







Kinetik Holdings Inc's Segments

  Kinetik Holdings Inc Outlook

On February 28 2024 the Kinetik Holdings Inc provided following guidance

Kinetik Holdings Inc. (NYSE: KNTK) has released its financial results for the fourth quarter and full year 2023, along with guidance for 2024. In the fourth quarter of 2023, the company processed natural gas volumes of 1.54 billion cubic feet per day (Bcf/d), and for the full year, the volume was 1.45 Bcf/d. Net income, including non-controlling interest, was reported at $267.4 million for the quarter and $386.5 million for the year.

Adjusted Earnings Before Interest and Taxes (EBIT) for the year 2023 were also positive, indicating the company's strong financial performance. Looking ahead to 2024, Kinetik Holdings Inc. provided guidance based on its performance in 2023 and market trends. The company r...





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