Kinetik Holdings (NYSE: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.
Earnings
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.
Past Earnings Performance
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.
