Positive context积极背景
Stocks股票 / Energy / KNTK
Kinetik Holdings, Inc. · Energy
KNTK US listed · USD美股 · 美元
Energy
S&P 600标普600小盘Russell 2000罗素2000
Rate-sensitive利率敏感
$51.21
-$1.33 · -2.53%
52w low52周低 $29.60high高 $55.80
Leader · weak fundamentals — higher-risk领先 · 基本面偏弱 — 风险偏高
A cycle low is due in roughly ~0–8 trading days — watch for the turn, don't front-run it.周期低点预计在约 ~0–8 个交易日内出现——等待转向，切勿抢跑。
As of 2026-09-29截至 2026-09-29
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-29
Momentum (RSI 14)动量（RSI 14）
36
Depressed偏低
vs 50-day average相对50日均线
-2.4% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+11.5% above上方
Long trend up长期向上
Volatility波动率
3th percentile第3百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0437
Estimates being raised — 3 analysts预期上调 — 3 位分析师
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 358.3%
Financials财务数据
fiscal years财年Revenue营业收入
$1.8B2025
20202025
5-yr growth5年复合增速 64.1%
Earnings per share每股收益
$2.632025
20202025
5-yr growth5年复合增速 56.5%
Free cash flow自由现金流
$111.6M2025
20202025
Operating margin营业利润率
9.3%
Net margin净利率
29.8%
FCF margin自由现金流利润率
34.2%
Balance-sheet quality财务体质 5/7
Return on equity股本回报率 -93%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA6.97
Current ratio流动比率0.69
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $165.2M due — about 4% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $165.2M，约占其披露本金的 4%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$165.2M
Year 2第2年
$0
Year 3第3年
$2.2B
Year 4第4年
$0
Year 5第5年
$1.5B
After year 55年以后
not reported未披露
Cash reported at 2025-12-31: $3951000.截至 2025-12-31 披露的现金：$3951000。 Operating cash flow exceeded or equaled equipment spending over 2025-01-01 to 2025-12-31; no cash burn to measure.在 2025-01-01 至 2025-12-31 期间，经营现金流不低于设备支出，无可衡量的现金消耗。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001692787-26-000048, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-27T08:38:18.210139+00:00.
5/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— period_mismatch
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001692787-26-000048 · Filed提交日期 2026-02-26.
Cache acquired缓存获取时间: 2026-09-27T08:38:18.210139+00:00 · Evaluated as of评估截至 2026-09-29.
- Reported operating cash flow已披露经营活动现金流: $604120000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $492474000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $111646000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
KNTK weekly MACD crossed downKNTK 周线MACD下穿
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$233.3M net (0 buyers, 7 sellers)-$233.3M 净值（0 买家，7 卖家）
Signal history信号历史
engine events引擎事件
BOTTOMING → NEARING A LOW筑底中 → 接近低点
GET READY. Day 36 of a typical 23-44-day cycle — inside the window where lows usually form, and short-term momentum is washed out. No confirmed turn yet准备。典型 23-44 天周期的第 36 天——处于低点通常形成的窗口内，且短期动量已被洗净。尚无确认的转向
Sep 25, 2026
KNTK weekly MACD crossed downKNTK 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Sep 23, 2026
BOTTOMING → NEARING A LOW筑底中 → 接近低点
GET READY准备
Sep 23, 2026
NEARING A LOW → BOTTOMING接近低点 → 筑底中
BUY SETUP买入预备
Sep 16, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 15, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 15, 2026
KNTK StochRSI turned up from oversoldKNTK StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $54.70.StochRSI重回20上方 — 下行动量趋缓的最早预警。$54.70。
Sep 14, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 11, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 9, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Showing the last 15 of显示最近15条，共 262 signals条信号
Company profile公司档案
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Above market高于市场
Earnings quality盈利质量
Above market高于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
75/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
70/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
49/100 — middle of the pack居中
vs market, 12 months相对大盘（12个月）
61/100 — middle of the pack居中
Rank in sector行业内排名
#40 / 78
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -4.3% | +1.3% |
| 1 Month近1月 | -7.1% | +0.9% |
| 3 Months近3月 | +4.6% | +6.1% |
| 6 Months近6月 | +7.2% | +22.3% |
| Year to date年初至今 | +45.8% | +13.8% |
| 1 Year近1年 | +19.7% | +18.5% |
| 3 Years近3年 | +85.4% | +87.8% |
Trading information交易信息
Beta vs market贝塔
-0.14
Volatility rank波动率分位
3th pctile
Off 52-week high距52周高点
-7.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $148M | $161M | $1.2B | $1.3B | $1.5B | $1.8B |
| EPS每股收益 | $0.28 | $-3.86 | $1.48 | $2.52 | $1.02 | $2.63 |
| Free cash flow自由现金流 | $134M | $205M | $407M | $272M | $374M | $112M |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | 54.2% | 61.8% | 20.7% | 30.8% | 16.5% | 10.1% |
| FCF margin自由现金流利润率 | 90.5% | 127.7% | 33.5% | 21.6% | 25.2% | 6.3% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$1.8B
Net income净利润
$526M
Operating cash flow经营现金流
$604M
Total assets总资产
$7.1B
Shareholder equity股东权益
$-565M
Dividends paid股息支出
$194M
Buybacks股票回购
$176M
Returns & growth回报与增长
Return on equity股本回报率
-93.0%
Return on assets资产回报率
7.4%
Profit growth利润增速
+115.3%
Asset growth资产增速
+4.1%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
36
RSI (2-day)RSI（2日）
7
vs 20-day average相对20日均线
-5.0%
vs 50-day average相对50日均线
-2.4%
vs 200-day average相对200日均线
+11.5%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
CoiledCOILED
Days compressed已压缩天数
15
Range width percentile波幅宽度分位
7/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.64 | $0.19 | +236.8% |
| Mar 2026 | $-0.07 | $0.16 | -143.8% |
| Dec 2025 | $2.16 | $0.15 | +1340.0% |
| Sep 2025 | $0.23 | $0.23 | 0.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
3
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+29.9%
Net upgrades, 30 days净上调（30天）
+3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$233.3M
Insider buyers vs sellers内部人买家vs卖家
0 : 7
Days to cover回补天数
5.9
Short interest change空头变化
+3.0%
Recent fund flows近期基金流向
Global X MLP & Energy InfrastructureGlobal X MLP & Energy Infrastructure
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Jul · 100%
Weakest month最弱月份
Apr · 33%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +12.8% | 3 |
| Feb2月 | 67% | +10.8% | 3 |
| Mar3月 | 67% | +6.5% | 3 |
| Apr4月 | 33% | -1.9% | 3 |
| May5月 | 67% | +6.9% | 3 |
| Jun6月 | 67% | +1.2% | 3 |
| Jul7月 | 100% | +2.1% | 3 |
| Aug8月 | 50% | +7.1% | 4 |
| Sep9月 | 50% | +2.6% | 4 |
| Oct10月 | 67% | +5.2% | 3 |
| Nov11月 | 67% | +5.1% | 3 |
| Dec12月 | 33% | -3.5% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。