Kinetik Holdings Swings to Q1 Loss of $0.07 EPS as Revenue Declines 7.5%
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Kinetik Holdings Inc. reported a significant negative swing in its first-quarter 2026 results, posting a net loss of $0.07 per share on revenue of $409.98 million. This compares unfavorably to a net income of $0.05 per share and $443.26 million in revenue in the prior-year quarter, marking a 7.5% decline in revenue and a substantial shift from profit to loss. While a Q1 net loss was previously reported by Reuters, this 10-Q summary provides the official and precise revenue and EPS figures, which are critical for traders. The company attributed the decline to lower NGL and residue prices, as well as higher hedging losses. This material underperformance could pressure the stock, and investors will be watching for signs of operational improvements and a return to profitability in subsequent quarters.
At the time of this announcement, KNTK was trading at $46.99 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $31.33 to $51.11. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.