Goldman Sachs lowered the firm’s price target on Kinetik Holdings (KNTK) to $40 from $46 and keeps a Buy rating on the shares. The quarter came in soft again due to commodity margin pressure, reduced producer activity, and a slight delay at Kings Landing, prompting management to cut 2025 EBITDA guidance to $965M-1.005B and withdraw the prior 4Q25 run-rate target, the analyst tells investors in a research note. While results have been disappointing, expectations now appear reset, Goldman says.
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