QualityDipStocks / Utilities · Natural Gas Distribution
Kinetik KNTK
Outside our quality screen, so we don’t track its dips. It’s 8% below its 52-week high.
Outside our quality screen. No fair value estimate for now: a capital-spending surge is squeezing its free cash flow.
- Fair value est.
- n/a
- Market Value
- $53.64at the price
- Off 52-wk high
- −8%
- Risk vs market
- Lowbeta −0.17
4 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
Estimate unreliable for KNTK: free cash flow is squeezed by a capital-spending surge (capex is 75% of operating cash flow over the last 12 months, vs 34% in FY2022), so a DCF on today's free cash flow would understate the business. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much KNTK moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.17
- Volatility
- 34% vs 13% SPY
- Correlation SPY
- −0.07
- Correlation QQQ
- −0.11
How it ranks
Where KNTK stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 5 measures
- Free cash flow yield1.8% · free cash flow vs market capLowest 26%of 1,391
- Dividends + buybacks yield3.6% · cash paid out or used to retire shares, vs market capTop 40%of 1,836
- Revenue growth, last 12 months+14% · vs the 12 months beforeTop 36%of 1,814
- Operating margin11% · of sales kept as operating profitLowest 45%of 1,288
- Return on invested capital7.1% · profit per dollar of capitalLowest 35%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $53.64
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthDiluted EPS grew 158% to $2.63 in FY2025.
GrowthSales grew 14% to $1.9B over the last 12 months vs the 12 months before (SEC filings).
GrowthSales grew 13% a year over the last three fiscal years, above the 3.9% median for the 92 Utilities companies we cover.
Cash returnsDividend yield of 2.4% ($211M paid over 12 months).
Top bearish points 5 of 5
Balance sheetOperating income covers interest only 0.9× over the last 12 months.
Cash returnsShare count up 21.8% in a year: existing holders are being diluted.
Cash returnsFree cash flow fell 47% over the last 12 months vs the 12 months before.
Balance sheetNet debt of $3.7B, 43% of the market cap (Jun 30, 2026).
QualityDoesn’t pass our quality screen: net debt 6.3× EBITDA (limit 3×).
All fundamentals
P/E 42.9 · FCF yield 1.8% · Sales +14%
Valuation
- P/E
- 42.9×Utilities median 21.2×
- Price / FCF
- 55.5×
- FCF yield
- 1.8%
- EV / EBITDA
- 20.7×
- Price / sales
- 4.61×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $8.7Blisted
- Enterprise value
- $12.4B
Growth
- Revenue, 12 months
- $1.9B
- Sales growth, 12 months
- +14.1%vs the 12 months before
- Sales growth, 3 yrs
- +13.3%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.86
- EPS growth, last FY
- +157.8%
- Net income, 12 months
- $203M
- Net income growth
- +220%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 10.5%
- Net margin
- 10.8%
- FCF margin
- 8.3%
- Return on equity
- n/anegative shareholder equity
- Return on invested capital
- 7%
Balance sheet
- Cash & short-term inv.
- $8M
- Total debt
- $3.7B
- Net cash
- −$3.7B
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 0.9×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $157M
- FCF growth, 12 months
- −47%
- Dividend yield
- 2.42%$211M paid
- Payout ratio
- 104%
- Buybacks, 12 months
- $103M1.2% of market cap
- Share count, 1 year
- +21.8%diluted shares vs a year ago
- Stock-based comp
- $62M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Kinetik’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.1B · Sales +36%
- Free cash flow, 12 months−$0.1B
- Free-cash-flow yield1.8%
- Free-cash-flow margin−5%
- Gross margin41%
- Operating margin23%
- Return on invested capital12%
- Return on equity19%
- Sales growth (latest quarter vs year-ago quarter)+36%
- Net debt / EBITDA6.3×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $53.54
- 52-wk lowlowest close, 1 year$31.68−40.8%
- PriceMon Nov 2 close$53.54you are here
- Market Valueavg paid since Aug 6$53.64+0.2%
- 52-wk highhighest close, 1 year$58.09+8.5%
Momentum & 52-week range
RSI 46 · 5 days −4.3%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, after the close
- Consensus EPS$0.40
- Year-ago EPS$0.23
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
KNTK is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Kinetik in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Natural Gas Distribution
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.