SIR Capital Reduces Kinetik Holdings Position by $25.98 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 25 2025
0mins
Source: Fool
- Position Reduction: SIR Capital sold 583,116 shares of Kinetik Holdings in Q3, resulting in a $25.98 million reduction in its position, now totaling 227,722 shares valued at $9.73 million, indicating a cautious outlook on the company's future performance.
- Asset Allocation Shift: This sale decreased Kinetik's share of SIR Capital's 13F reportable assets from 3.19% to 0.87%, reflecting a portfolio reallocation that may respond to changing market conditions.
- Market Performance Comparison: Kinetik shares are priced at $35.73, down 38% over the past year, significantly underperforming the S&P 500, which has risen about 15% in the same period, highlighting its weak market position.
- Financial Overview: In Q3, Kinetik generated $242.6 million in adjusted EBITDA and $158.5 million in distributable cash flow, although it faces a net debt of $4.15 billion and a leverage ratio of 4.3 times adjusted EBITDA, indicating financial health pressures.
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Analyst Views on KNTK
Wall Street analysts forecast KNTK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNTK is 45.27 USD with a low forecast of 40.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 40.650
Low
40.00
Averages
45.27
High
55.00
Current: 40.650
Low
40.00
Averages
45.27
High
55.00
About KNTK
Kinetik Holdings Inc. is an integrated Permian-to-Gulf Coast midstream company operating in the Delaware Basin. It offers comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Its segments include Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment operates under three streams: gas gathering and processing, crude oil gathering, stabilization and storage services, and produced water gathering and disposal. The Midstream Logistics segment provides gas gathering and processing services with over 3,900 miles of low and high-pressure steel pipeline located throughout the Delaware Basin, including over 2,300 miles of gas pipeline. The Pipeline Transportation segment consists of equity investment interests in three Permian Basin pipelines that access various points along the United States Gulf Coast, Kinetik NGL Pipeline and Delaware Link Pipeline.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cushing Asset Management Increases Stake in Kinetik Holdings
- Share Increase: Cushing Asset Management significantly increased its stake in Kinetik Holdings by purchasing 855,000 shares, bringing its total holdings to 1.8 million shares, reflecting confidence in the company's future performance.
- AUM Impact: This acquisition raises Kinetik Holdings' representation to 3.8% of Cushing's assets under management, indicating its significant position within the fund's investment portfolio.
- Price Volatility: Despite Kinetik's stock price declining by 35.5% over the past year, the company recently raised its quarterly dividend by 4% to $0.81, demonstrating a positive cash flow performance even in challenging conditions.
- Market Comparison: Kinetik's 8.1% dividend yield is substantially higher than the S&P 500's 1.1%, which may attract more investors seeking stable income from the stock.
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