Stock fact sheet · data as of
Kinetik Holdings Inc. (KNTK): fair value, margin of safety and Wheel Score
Ticker symbol KNTK · Energy · Oil & Gas Midstream · United States · Class A common stock · Blend Income
KNTK is Kinetik Holdings Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is KNTK undervalued?
KNTK has a margin of safety of 75%: the stock closed at 51.17 on 5 Nov 2026 against a GLS average fair value of 203.51. 7 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 8 models disagree widely: DDM gives 47.67 while DCF gives 463.94. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for KNTK, so the nightly engine files it under Blend (value score 85, growth score 67, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for KNTK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 463.94 | +807% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | 332.45 | +550% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 142.78 | +179% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 152.59 | +198% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 179.85 | +251% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 237.62 | +364% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 47.67 | -7% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 71.16 | +39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -50.20 | -198% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 57.56 | +12% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - KNTK passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.1 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are high - ROIC 15.9%, ROE -93.0%, ROA 7.2% - with debt at -6.84 times equity and a free-cash-flow yield of 15.6%.
The dividend yield is high at 6.33% (payout ratio 68%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Natural Gas, NGLs and Condensate Sales 84%, Gathering and Processing Services 15%, Product and Service, Other 1% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 15.9% |
|---|---|---|---|
| GLS Moat | 4.1 / 10 | ROE | -93.0% |
| Debt / equity | -6.84 | ROA | 7.2% |
| Free-cash-flow yield | 15.6% | Payout ratio | 68% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 47: Weak
KNTK scores 47 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 5, can repay its debt - 6.0 years to repay its debt (over 3), and the parts are thin too - value strong, premium strong, moat fair, health good, red flags fair, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 7,678 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.2M shares a day on a market cap of $4.1B, with a beta of 0.77 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 6.0 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 75% below fair value | |
| Premium | Strong | implied volatility 44% | |
| Moat | Fair | moat 4.1/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 192 contracts a day, 7,678 open interest | |
| Stability | Fair | beta 0.77, $4.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for KNTK in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Kinetik Holdings Inc. by market cap within the Oil & Gas Midstream industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| EE Excelerate Energy, Inc. | 34.29 | 63.78 | +46% | 80Good | $3.9B |
| GLNG Golar LNG Limited | 44.88 | 34.79 | -29% | 40Weak | $4.6B |
| PAGP Plains GP Holdings LP | 26.93 | 67.82 | +60% | 41Weak | $5.3B |
| DKL Delek Logistics Partners, LP | 52.31 | 50.17 | -4% | 34Weak | $3.0B |
| HESM Hess Midstream LP | 31.80 | 50.30 | +37% | 54Fair | $6.6B |
| SOBO South Bow Corporation | 34.05 | 45.58 | +25% | 50Fair | $7.1B |
| LPG Dorian LPG Ltd. | 49.43 | 84.86 | +42% | 80Good | $2.1B |
| NGL NGL Energy Partners LP | 15.52 | 36.03 | +57% | 43Weak | $1.9B |
| AM Antero Midstream Corporation | 19.86 | 27.31 | +27% | 44Weak | $9.4B |
| GEL Genesis Energy, L.P. | 13.26 | 33.67 | +61% | 48Weak | $1.6B |
| GLP Global Partners LP | 43.47 | 59.60 | +27% | 47Weak | $1.5B |
| DTM DT Midstream, Inc. | 117.58 | 81.85 | -44% | 34Weak | $12.0B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about KNTK
What kind of share is KNTK?
KNTK is Kinetik Holdings Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is KNTK undervalued right now?
By the GLS models, yes: at 51.17 the stock is 75% below the average fair value of 203.51 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of KNTK and what does it mean?
KNTK scores 47 out of 100 (Weak) - it fails Wheel Trade Filter 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for KNTK?
203.51 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Kinetik Holdings Inc. report earnings next?
No upcoming earnings date is recorded for KNTK in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does KNTK have listed options, and how liquid are they?
Yes. The nightly snapshot found 34 listed contracts with 7,678 open interest across all expiries and implied volatility of 44% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.