Kinetik (KNTK)

Company Profile

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, ALTMW

Exchange

NYSE

Website

altusmidstream.com

CEO

David Clay Bretches

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Transportation and Warehousing > Pipeline Transportation of Crude Oil

Industry (SIC)

Natural Gas Transmission

Kinder Morgan • Energy Transfer • Enterprise Products Partners • Southern California Gas • Williams Cos • Boardwalk Pipeline Partners • Enable Midstream Partners • Equitrans Midstream • Western Midstream Partners • DCP Midstream ...

Former names

Altus Midstream Co, Kayne Anderson Acquisition Corp

SEC CIK

0001692787

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

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 • BCP RAPTOR II, LLC ...

KNTK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

8-K

Departure of Directors or Certain Officers

8 Aug 23

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

8 Aug 23

8-K

Kinetik Reports Second Quarter 2023 Financial and Operating Results

7 Aug 23

8-K/A

Submission of Matters to a Vote of Security Holders

4 Aug 23

8-K

Amendments to Articles of Incorporation or Bylaws

4 May 23

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

4 May 23

8-K

Kinetik Reports First Quarter 2023 Financial and Operating Results

3 May 23

ARS

2022 FY

Annual report to shareholders

21 Apr 23

Transcripts

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KNTK

Earnings call transcript

2023 Q2

8 Aug 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

KNTK

Earnings call transcript

2021 Q2

8 Aug 21

KNTK

Earnings call transcript

2021 Q1

9 May 21

KNTK

Earnings call transcript

2020 Q4

28 Feb 21

KNTK

Earnings call transcript

2020 Q3

8 Nov 20

Latest ownership filings

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Blackstone Holdings III L.P.

18 Aug 23

SC 13D/A

ISQ Global Fund II GP LLC

Change in insider ownership

2 Aug 23

Jamie Welch

2 Aug 23

Change in insider ownership

2 Aug 23

11-K

Annual report of employee stock purchases

28 Jun 23

Financial summary

Financial statements Chart KNTK financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 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)	2.24 mm	2.24 mm	2.24 mm	2.24 mm	2.24 mm	2.24 mm
Cash burn (monthly)	(no burn)	256.83 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	803.43 k	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.43 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	5.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Kinetik earnings reports.

Institutional ownership, Q2 2023

KNTK institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	108	107	+0.9%
Opened positions	15	20	-25.0%
Closed positions	14	30	-53.3%
Increased positions	37	51	-27.5%
Reduced positions	42	22	+90.9%

13F shares	Current	Prev Q	Change
Total value	716.35 bn	602.37 bn	+18.9%
Total shares	166.13 mm	162.33 mm	+2.3%
Total puts	8.10 k	400.00	+1925.0%
Total calls	65.90 k	48.30 k	+36.4%
Total put/call ratio	0.1	0.0	+1384.2%

Largest owners	Shares	Value	Change
Blackstone Holdings III	77.01 mm	$2.39 bn	+2.2%
ISQ Global Fund II GP	32.29 mm	$1.00 bn	+2.2%
APA APA	19.64 mm	$579.48 mm	0.0%
Apache	13.02 mm	$1.11 bn	0.0%
BX Blackstone	7.61 mm	$267.57 bn	+28.8%
Salient MF Trust	3.57 mm	$436.89 mm	0.0%
Neuberger Berman	2.13 mm	$74.98 bn	+2.0%
BLK Blackrock	1.82 mm	$63.79 bn	+4.2%
Vanguard	1.73 mm	$60.93 bn	+26.5%
Tortoise Capital Advisors, L.L.C.	550.44 k	$19.34 bn	-0.9%

Largest transactions	Shares	Bought/sold	Change
BX Blackstone	7.61 mm	+1.70 mm	+28.8%
Blackstone Holdings III	77.01 mm	+1.69 mm	+2.2%
ISQ Global Fund II GP	32.29 mm	+708.85 k	+2.2%
Ceredex Value Advisors	0.00	-416.42 k	EXIT
Kayne Anderson Capital Advisors	55.67 k	-408.54 k	-88.0%
Vanguard	1.73 mm	+363.00 k	+26.5%
Millennium Management	225.89 k	+225.89 k	NEW
Graham Capital Management	0.00	-87.56 k	EXIT
Jennison Associates	500.98 k	+85.89 k	+20.7%
BLK Blackrock	1.82 mm	+72.96 k	+4.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

KNTK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Aug 23	Welch Jamie	Class A Common Stock	Buy	Acquire P	No	No	35.24	8,125	286.33 k	3,337,273
31 Jul 23	ISQ Global Fund II GP	Class A Common Stock	Conversion	Acquire C	Yes	No	0	1,332	0.00	3,194,837
31 Jul 23	ISQ Global Fund II GP	Consideration Allocation Rights Class A Common Stock	Conversion	Dispose C	Yes	No	0	1,332	0.00	1,601,101
31 Jul 23	Welch Jamie	Class A Common Stock	Option exercise	Acquire M	No	No	0	20	0.00	3,242,690
31 Jul 23	Welch Jamie	Consideration Allocation Rights Class A Common Stock	Option exercise	Dispose M	No	No	0	20	0.00	24,391
31 Jul 23	BCP Raptor Aggregator	Class A Common Stock	Conversion	Acquire C	Yes	No	0	442	0.00	1,060,094
31 Jul 23	BCP Raptor Aggregator	Class A Common Stock	Conversion	Acquire C	Yes	No	0	2,738	0.00	6,557,389
31 Jul 23	BCP Raptor Aggregator	Consideration Allocation Rights Class A Common Stock	Conversion	Dispose C	Yes	No	0	442	0.00	535,023
31 Jul 23	BCP Raptor Aggregator	Consideration Allocation Rights Class A Common Stock	Conversion	Dispose C	Yes	No	0	2,738	0.00	3,312,789