altus midstream company owns gas gathering, processing, and transmission assets in the permian basin of west texas. as of december 31, 2019, its assets included approximately 178 miles of in-service natural gas gathering, 55 miles of residue gas, and 38 miles of natural gas liquids (ngl) pipelines; three cryogenic processing trains; and an ngl truck loading terminal with six lease automatic custody transfer units and eight ngl bullet tanks. the company is based in houston, texas. altus midstream company is a subsidiary of apache midstream llc.
Company profile
Ticker
KNTK
Exchange
Website
CEO
David Clay Bretches
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Altus Midstream Co, Kayne Anderson Acquisition Corp
SEC CIK
Corporate docs
Subsidiaries
KINETIK HOLDINGS INC. • ALTUS MIDSTREAM GATHERING LP • ALTUS MIDSTREAM NGL PIPELINE LP • ALTUS MIDSTREAM PIPELINE LP • ALTUS MIDSTREAM PROCESSING LP • BCP MANAGEMENT SERVICES, LLC • BCP PHP INTERMEDIATE HOLDCO, LLC • BCP PHP, LLC • BCP RAPTOR HOLDCO GP, LLC • BCP RAPTOR HOLDCO, LP ...
KNTK stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
8 Apr 24
DEFA14A
Additional proxy soliciting materials
8 Apr 24
DEF 14A
Definitive proxy
8 Apr 24
8-K
Kinetik Executes New Accounts Receivable Securitization Facility
5 Apr 24
8-K
Kinetik Announces Secondary Offering of Common Stock
15 Mar 24
424B3
Prospectus supplement
15 Mar 24
424B3
Prospectus supplement
13 Mar 24
S-3ASR
Automatic shelf registration
13 Mar 24
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
5 Mar 24
10-K
2023 FY
Annual report
5 Mar 24
Transcripts
KNTK
Earnings call transcript
2023 Q4
29 Feb 24
KNTK
Earnings call transcript
2023 Q3
9 Nov 23
KNTK
Earnings call transcript
2023 Q2
8 Aug 23
KNTK
Earnings call transcript
2023 Q1
4 May 23
KNTK
Earnings call transcript
2023 Q1
4 May 23
KNTK
Earnings call transcript
2022 Q4
28 Feb 23
KNTK
Earnings call transcript
2022 Q3
10 Nov 22
KNTK
Earnings call transcript
2022 Q2
10 Aug 22
KNTK
Earnings call transcript
2022 Q1
11 May 22
KNTK
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
4
STEPHEN A SCHWARZMAN
29 Apr 24
4
Jamie Welch
29 Apr 24
4
Change in insider ownership
29 Apr 24
4
Change in insider ownership
29 Apr 24
4
WILLIAM ORDEMANN
4 Apr 24
3
WILLIAM ORDEMANN
4 Apr 24
4
Matthew Wall
29 Mar 24
4
Todd Carpenter
29 Mar 24
144
Notice of proposed sale of securities
28 Mar 24
144
Notice of proposed sale of securities
28 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 68.00 k | 68.00 k | 68.00 k | 68.00 k | 68.00 k | 68.00 k |
Cash burn (monthly) | 723.00 k | 971.67 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 5.17 mm | 6.95 mm | n/a | n/a | n/a | n/a |
Cash remaining | -5.10 mm | -6.88 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -7.1 | -7.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
13F holders | Current |
---|---|
Total holders | 24 |
Opened positions | 6 |
Closed positions | 109 |
Increased positions | 8 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 29.96 bn |
Total shares | 144.03 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Blackstone Holdings III | 79.86 mm | $2.87 bn |
ISQ Global Fund II GP | 33.48 mm | $1.20 bn |
APA APA | 13.08 mm | $433.60 mm |
Apache | 13.02 mm | $1.11 bn |
Salient MF Trust | 3.57 mm | $436.89 mm |
Mirae Asset Global Investments | 332.42 k | $11.10 bn |
Goldman Sachs & Co | 277.90 k | $13.19 mm |
Cushing Asset Management | 112.46 k | $3.76 bn |
Caldwell Sutter Capital | 88.61 k | $2.96 bn |
Raymond James Financial Services Advisors | 62.34 k | $2.08 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Apr 24 | Blackstone Holdings III | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 78 | 0.00 | 1,657,988 |
25 Apr 24 | Blackstone Holdings III | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 481 | 0.00 | 10,255,727 |
25 Apr 24 | Blackstone Holdings III | Consideration Allocation Rights Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 78 | 0.00 | 534,867 |
25 Apr 24 | Blackstone Holdings III | Consideration Allocation Rights Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 481 | 0.00 | 3,311,827 |
25 Apr 24 | Welch Jamie | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 3 | 0.00 | 3,599,228 |
25 Apr 24 | Welch Jamie | Consideration Allocation Rights Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 3 | 0.00 | 24,385 |
25 Apr 24 | BCP Raptor Aggregator | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 78 | 0.00 | 1,657,988 |
25 Apr 24 | BCP Raptor Aggregator | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 481 | 0.00 | 10,255,727 |
25 Apr 24 | BCP Raptor Aggregator | Consideration Allocation Rights Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 78 | 0.00 | 534,867 |
25 Apr 24 | BCP Raptor Aggregator | Consideration Allocation Rights Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 481 | 0.00 | 3,311,827 |
News
Barclays Initiates Coverage On Kinetik Holdings with Equal-Weight Rating, Announces Price Target of $40
22 Apr 24
JP Morgan Maintains Overweight on Kinetik Holdings, Raises Price Target to $43
17 Apr 24
Infinium And Kinetik Reach Innovative CO2 Utilization Agreement To Advance eFuels Production
16 Apr 24
RBC Capital Initiates Coverage On Kinetik Holdings with Outperform Rating, Announces Price Target of $40
25 Mar 24
Around $9M Bet On Cardlytics? Check Out These 4 Stocks Insiders Are Buying
19 Mar 24
Press releases
Kinetik Announces First Quarter Dividend and Financial Results Timing
18 Apr 24
Kinetik Announces Changes to Its Board of Directors
4 Apr 24
Kinetik Executes New Accounts Receivable Securitization Facility
3 Apr 24
Kinetik Announces Pricing of Secondary Offering of Common Stock
14 Mar 24
Kinetik Announces Secondary Offering of Common Stock
13 Mar 24