Industry Newsmidstreamdividendskinetikoil and gas
Kinetik Raises FY2026 EBITDA And Dividend Targets
7.1
On March 17, Scotiabank raised its price target on Kinetik Holdings Inc. (NYSE:KNTK) from $49 to $51 and maintained an Outperform rating, implying roughly 12% upside. Kinetik forecasts adjusted EBITDA of $950 million–$1.05 billion for fiscal 2026 (midpoint >7% year-over-year, adjusted for the EPIC Crude sale) and targets annual dividend increases of 3–5% with 3.5x–4x leverage goals.
Key Points
- 1Announces adjusted EBITDA guidance of $950M–$1.05B for FY2026, midpoint >7% year-over-year
- 2Highlights financial momentum and drives analyst upward revision to $51 price target from Scotiabank
- 3Suggests modest yield growth with planned 3–5% annual dividend increases and leverage targets for stability
Scoring Rationale
Provides actionable company guidance and analyst revision, but limited novelty and narrow energy-sector scope limits broader market impact.
Sources
Public references used for this report.
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