Kinetik Holdings: Q1 Earnings Insights

Kinetik Holdings KNTK reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:39 PM.

Here's what investors need to know about the announcement.

Kinetik Holdings missed estimated earnings by 112.24%, reporting an EPS of $-0.06 versus an estimate of $0.49.

Revenue was up $23.79 million from the same period last year.

Last quarter the company missed on EPS by $0.41 which was followed by a 2.69% increase in the share price the next day.

Here's a look at Kinetik Holdings's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.66	0.62	0.69	1.41
EPS Actual	0.25	1.04	0.06	0.21
Revenue Estimate	259.42M	272.07M	203.83M	187.52M
Revenue Actual	295.49M	325.18M	335.57M	257.25M

To track all earnings releases for Kinetik Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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