Stock Track | Kinetik Holdings Shares Soar on Strong Q3 Results, Raised Outlook

Stock Track11-07

Kinetik Holdings Inc. (KNTK) shares surged 5.63% in early trading on Wednesday, following the company's release of impressive third-quarter results and an upwardly revised full-year guidance.

The energy company reported a 53% year-over-year increase in Q3 earnings to $0.35 per share, meeting analysts' expectations. Revenue for the quarter also saw a significant boost, rising 20% to $396.4 million and exceeding estimates of $358.8 million.

Bolstered by the strong performance, Kinetik raised its 2024 adjusted EBITDA guidance to a range of $970 million to $1 billion, up from the previous forecast of $905 million to $960 million. This bullish outlook highlights the company's confidence in sustained growth and profitability.

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(KNTK) shares surged 5.63% in early trading on Wednesday, following the company's release of impressive third-quarter results and an upwardly revised full-year guidance.\nThe ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KNTK","symbol_name":"Kinetik Holdings Inc.","start_time":0,"source_url":"","article_id":"1157124337","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157124337","pubTimestamp":1730989939,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Kinetik Holdings Inc.  shares surged 5.63% in early trading on Wednesday, following the company's release of impressive third-quarter results and an upwardly revised full-year guidance.The energy company reported a 53% year-over-year increase in Q3 earnings to $0.35 per share, meeting analysts' expectations. 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