Kinetik Holdings Inc

KNTK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.00	Qnb	Hwjkrkbs

Kinetik Holdings: Increased Pipeline Ownership Supports Greater Volumes

Seth Goldstein ,

Sep 24, 2024

Kinetik and Diamondback announced that they were each boosting their stakes in the EPIC Crude to 27.5% from 15%. In exchange, the partners are increasing their minimum volume commitments and, in Kinetik's case, adding additional links between their gathering infrastructure and the pipeline. We now see volumes from nonoperated assets at 1.44 billion cubic feet equivalent per day in 2025, up from .99 Bcfe/d. As a result, we are increasing our fair value estimate to $43 from $40.

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