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Why Kinetik Holdings Stock Popped Today

TheMotleyFool

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Why Kinetik Holdings Stock Popped TodayPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

Oil and gas pipeline company Kinetik Holdings (NYSE: KNTK) stock jumped 10.5% through 11:15 a.m. ET Thursday after reporting very mixed results in its financial report last night.

Analysts forecast Kinetik would earn only $0.33 per share on sales of $476.8 million for the quarter. Kinetik actually earned $2.16 per share, despite sales falling short at only $430.4 million.

Image source: Getty Images.

Source Fool.com

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