What is Kinetik Holdings Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Kinetik Holdings Inc.'s reported free cash flow gives -$0.47 per share. The share price was $52.08 on November 10, 2026, 11,250% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | -$23.57 | -145% |
| Base | 15.0% | 9.0% | -$0.47 | -101% |
| Bull | 20.0% | 8.0% | $42.54 | -18% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $17.02 | $22.47 | $29.14 | $37.47 | $48.18 |
| 8.0% | $3.88 | $7.42 | $11.60 | $16.61 | $22.74 |
| 9.0% | -$5.67 | -$3.26 | -$0.47 | $2.79 | $6.63 |
| 10.0% | -$12.92 | -$11.20 | -$9.25 | -$7.03 | -$4.46 |
| 11.0% | -$18.59 | -$17.33 | -$15.92 | -$14.34 | -$12.54 |
Where the presets come from
Base: years 1 to 5 grow at Kinetik Holdings Inc.'s revenue growth rate over the last 5 fiscal years (33.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions