Truist Securities Starts Kinetik Holdings Inc. (KNTX) at Buy

Truist Securities analyst Gabe Daoud initiates coverage on Kinetik Holdings Inc. (OTCBB: KNTX) with a Buy rating and a price target of $53.00.

The analyst comments "We initiate coverage of KNTK with a Buy rating and $53 PT which represents a 10.8x '26e EV/ EBITDA multiple. KNTK operates a Permian-centric diverse network of gathering and processing and pipeline transportation, namely among gas and NGLs. Attractive Delaware Basin footprint. The concentration is the investment case. KNTK expects to deliver solutions to the Delaware's growing complexity - richer gas streams, more sour gas, more need for amine treating, more residue and more value in connecting molecules from New Mexico and West Texas to premium downstream markets. Beyond its attractive G&P business anchored by Permian Resources (~46% of '25e TILs) it also has interests in long-haul pipes such as PHP and Shin Oak, giving it a direct claim on the route from Delaware wellhead to Gulf Coast demand."

For an analyst ratings summary and ratings history on Kinetik Holdings Inc. click here. For more ratings news on Kinetik Holdings Inc. click here.

Shares of Kinetik Holdings Inc. closed at $5.00 yesterday.

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