Wolfe Research Lowers Kinetik Rating, Flags Commodity Headwinds and Messaging Concerns
Wolfe Research downgraded Kinetik Holdings Inc. (NYSE: KNTK) from Outperform to Peerperform, citing commodity-price pressure and recent company messaging. The firm trimmed its forecasts ahead of fourth-quarter results, setting 2026 EBITDA at $960 million - roughly 10% below sell-side consensus and below buy-side expectations near $1 billion. Other …