Valuation dashboard for Kinetik Holdings Inc. (KNTK) with P/E 20.51, P/B -3.59, EV/EBITDA 14.2 and dividend yield 5.72%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
Kinetik Holdings Inc. functions as a midstream energy enterprise, primarily operating within the Texas Delaware Basin. It delivers a comprehensive array of services, including the collection, conveyance, pressurization, refining, and conditioning of natural gas, liquid hydrocarbons, crude oil, and produced water, catering to exploration and production companies. The firm's corporate headquarters are situated in Midland, Texas.
What would it be worth at its usual multiples?
No valuation verdict: its last-twelve-month earnings are inflated by a one-off, so its P/E looks lower than it is.
Earnings per share over the last twelve months ($2.76) include about $2.14 of gains from outside the business; without them, they would be around $0.62, and the consensus expects $1.94 for 2027. That is why this range uses expected earnings.
Why is Kinetik Holdings Inc.'s P/E so low?
Kinetik Holdings Inc. trades at a P/E of 20.5× on reported earnings, but over the last 12 months 67 % of its pre-tax income ($406M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 91.5×. On analysts' expected earnings for 2027, its P/E is 29.2×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $19.8M | −$3.1M | $15.5M |
| December 31, 2025 | $48.4M | $408M | $417M |
| March 31, 2026 | −$2.0M | ||
| June 30, 2026 | $134M | $3.6M | $49.5M |
Analysis Summary
Kinetik Holdings Inc. reported revenue of $1.76B in the most recent fiscal year, growing at a 5-year CAGR of 33.9%.
Trailing-twelve-month margins: gross margin 40.1%, operating margin 10.5%, net margin 25.3%.
At $56.60 (closing price, October 30, 2026), KNTK trades at a P/E of 20.51 and an ROE of -36.70%. Market capitalisation stands at $4.6B.
Balance sheet quality for KNTK: debt-to-equity ratio of -3.36, current ratio of 0.13 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 20.51 |
| Price / Book | -3.59 |
| EV / EBITDA | 14.2 |
| Dividend Yield | 5.72% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| KNTK | Kinetik Holdings Inc. | $4.6B | 20.51 | -36.7% | |
| PTEN | Patterson-UTI Energy, Inc. | $5.1B | 1.65 | -0.8% | |
| TRMD | TORM plc | $4.4B | 7.11 | 1.70 | 27.0% |
| INSW | International Seaways, Inc. | $5.7B | 7.16 | 2.45 | 37.0% |
| OII | Oceaneering International, Inc. | $4.1B | 12.42 | 3.37 | 29.0% |
| USAC | USA Compression Partners, LP | $3.7B | 23.95 | 12.82 | 141.2% |
| SM | SM Energy Company | $9.6B | 10.49 | 1.24 | 16.5% |
| DHT | DHT Holdings, Inc. | $4.0B | 8.51 | 3.03 | 39.6% |
Price
| Price | $56.60 (closing price, October 30, 2026) |
| Market Cap | $4.6B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | -36.70% |
| Return on Invested Capital | 2.74% |
| Return on Assets | 6.62% |
| Gross Margin | 40.07% |
| Operating Margin | 10.52% |
| Net Margin | 25.28% |
Related companies: PTEN · TRMD · INSW · OII · USAC · SM · DHT · DKL
Explore sector: Energy · Oil & Gas Midstream
More sections of KNTK: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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