How did KNTK's Q1 2025 EPS forecast compare to past trends?

Kinetik Holdings Inc. (NASDAQ: KNTK) currently has no available EPS forecast data for Q1 2025. However, we can analyze the company's historical EPS trends and recent analyst estimates to provide insights into its potential performance. 1. **Historical Trends**: - Kinetik's EPS has shown variability over the past few years. For instance, in Q1 2023, the company missed estimated earnings by 112.24%, reporting an EPS of -$0.06 versus an estimate of $0.49. - In Q4 2024, Kinetik reported an EPS of $0.01, significantly below the expected $0.48, leading to a 5.63% drop in its stock price. 2. **Recent Analyst Estimates**: - Prior to the Q1 2025 forecast, analysts at US Capital Advisors lowered their Q1 2025 EPS estimate for Kinetik from $0.47 to $0.42, reflecting a more conservative outlook. - Conversely, equities researchers at US Capital Advisors had previously boosted their Q1 2025 EPS estimates from $0.44 to $0.47, indicating a more optimistic view. 3. **Market Expectations and Performance**: - The consensus estimate for Kinetik's current full-year earnings is $1.96 per share. This suggests that analysts anticipate steady growth but are cautious about the near-term performance. - Citigroup and Royal Bank of Canada have recently adjusted their price targets and ratings for Kinetik, with Citigroup increasing its price objective to $58.00 and Royal Bank of Canada dropping its target price. These mixed signals from analysts reflect the uncertainty surrounding Kinetik's short-term profitability. 4. **Strategic Positioning and Growth Prospects**: - Kinetik has made significant strategic expansions, including acquisitions and new agreements, which are expected to drive growth in the Delaware Basin. These moves position the company for long-term expansion. - The company's guidance for 2025 projects an Adjusted EBITDA between $1.09 billion and $1.15 billion, implying a 15% year-over-year growth. This suggests that while short-term EPS forecasts may be challenging, Kinetik is well-positioned for sustained growth in the coming years. In conclusion, Kinetik's Q1 2025 EPS forecast is likely to reflect the complexities of the midstream sector, with potential short-term challenges but promising long-term growth prospects supported by strategic expansions and positive guidance.