Kinetik: Better Infrastructure Story, But Still Not A Bargain
Kinetik Holdings Inc. is recognized as a strong midstream player, bolstered by expansion opportunities in Kings Landing and New Mexico. The company's dividend yield has risen to 6.3%, supported by a quarterly payout of $0.81 and an active buyback program. However, the stock's valuation remains high, with an EV/EBITDA ratio of 21.6x, indicating that future growth may be limited.
- ▪Kinetik Holdings Inc. is a midstream energy company with expansion plans in Kings Landing and New Mexico.
- ▪The company's dividend yield has increased to 6.3%, with a quarterly payout of $0.81.
- ▪Kinetik is implementing a robust buyback program to enhance capital returns.
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