CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $1.1M to KNTK Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its holdings in Kinetik Holdings Inc. (KNTK) by 21,000 shares in a filing on October 26, 2026.

KNTK Kinetik Holdings Inc.

$55.97 ▲ +64.28% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Kinetik Holdings Fits in Cushing Asset Management's Portfolio

This position now accounts for 6.28% of Cushing's total reported portfolio, ranking it fourth among 73 positions.

Other Institutional Activity in Kinetik Holdings

In recent filings, Blackstone Inc. holds 11,918,786 shares of Kinetik, worth about $667 million. Citadel Advisors LLC increased its position by 129,034 shares to 1,835,829 shares valued at approximately $102.8 million. Meanwhile, Cohen & Steers Inc. added 22,563 shares, bringing its total to 1,516,790 shares valued at around $84.9 million.

Kinetik Holdings Inc. Stock Up 0.5%

Kinetik Holdings recently traded around $55.97, which is about equal to the closing price on October 26, 2026. The stock is currently above its 50-day moving average by 3.8% and well above its 52-week low by 78.6%, but it is slightly below its 52-week high of $56.92.

Recent Earnings

Kinetik Holdings reported trailing twelve-month revenue of approximately $1.89 billion, with a net margin of 29.2% and an annual EPS of $2.86. The next earnings report is scheduled for November 4, 2026.

Dividend

Kinetik Holdings has a dividend rate of $3.24, yielding about 5.79%. The payout ratio is high at 111.2%, reflecting a commitment to returning capital to shareholders.

Insider Buying and Selling at Kinetik Holdings Inc.

Recent insider transactions include ISQ Global Fund II GP LLC, which sold 119,203 shares on October 8, 2026, for about $6.47 million. This was followed by additional sales of 58,439 shares on October 9 and a larger sale of 2 million shares on October 13, totaling over $109 million.

Analysts Set New Price Targets

Several analysts have maintained their ratings on Kinetik Holdings. On October 21, 2026, Morgan Stanley maintained an Overweight rating with a price target of $67.00. RBC Capital also maintained an Outperform rating with a target of $58.00 on October 14, 2026. According to consensus, the average price target is $58.56 with a recommendation of "buy" from 16 analysts.

About Kinetik Holdings

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, processing, and transportation services for natural gas, NGLs, and crude oil. The company's focus on midstream logistics positions it well within the energy sector.

Bottom Line

Investors should watch for Kinetik's upcoming earnings report on November 4, 2026, as well as any further filings from Cushing Asset Management regarding their stake. With a solid position in Kinetik, Cushing appears to be optimistic about the company's future performance.