Kinetik Holdings (KNTK) Rated as a 'Buy' at Goldman Sachs

Kinetik Holdings Inc. (NYSE:KNTK) is one of the best energy stocks to buy for the long term. On August 13, Goldman Sachs reiterated a ‘Buy’ rating on the stock but cut its price target to $49 from $47.

The investment bank maintains a Buy rating on the midstream energy company, achieving an impressive 19.71% revenue growth over the last 12 months. In addition, the rating comes on the company delivering solid second-quarter results, showcasing modest growth and aligning with expectations. The company also reiterated its fourth quarter 2025 EBITDA guidance of $300 million, translating to $1.2 billion on an annualized basis.

Goldman Sachs also reiterated its expectation that the company will achieve significant growth as it captures a larger share of the Northern Delaware production and implements cost-saving initiatives. Nevertheless, the investment bank lowered its price target, concerned by delays in the Kings Landing complex completion and postponed producer development plans.

Kinetik Holdings Inc. (NYSE:KNTK) is a midstream energy company operating in the Delaware Basin. It provides comprehensive services for companies that produce natural gas, natural gas liquids (NGLs), crude oil, and water.

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READ NEXT: Top 10 Industrial Stocks to Buy Amid Easing Tariff Uncertainties and 12 Best Falling Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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