KNTK
Kinetik Holdings Inc.
Oil & Gas Midstream
Market Cap$3.27B
5Y Perf.+589.0%
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Stock Comparison
KNTK vs AM vs HESM vs DKL vs MPLX
Revenue, margins, valuation, and 5-year total return — side by side.
AM
Antero Midstream Corporation
Oil & Gas Midstream
Market Cap$9.94B
5Y Perf.+337.7%
HESM
Hess Midstream LP
Oil & Gas Midstream
Market Cap$7.95B
5Y Perf.+96.5%
DKL
Delek Logistics Partners, LP
Oil & Gas Midstream
Market Cap$2.71B
5Y Perf.+114.4%
MPLX
MPLX Lp
Oil & Gas Midstream
Market Cap$54.82B
5Y Perf.+184.4%
KNTK vs AM vs HESM vs DKL vs MPLX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | KNTK | AM | HESM | DKL | MPLX |
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $3.27B | $9.94B | $7.95B | $2.71B | $54.82B |
| Revenue (TTM) | $1.73B | $1.29B | $1.62B | $1.06B | $12.54B |
| Net Income (TTM) | $228M | $411M | $353M | $170M | $4.71B |
| Gross Margin | 27.7% | 64.5% | 75.0% | 19.2% | 60.0% |
| Operating Margin | 8.2% | 57.6% | 62.2% | 16.5% | 44.9% |
| Forward P/E | 41.9x | 18.9x | 12.8x | 14.6x | 12.3x |
| Total Debt | $3.87B | $3.22B | $3.77B | $35M | $26.16B |
| Cash & Equiv. | $4M | $180M | $2M | $11M | $2.14B |
KNTK vs AM vs HESM vs DKL vs MPLX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
KNTK
AM
HESM
DKL
MPLX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Kinetik Holdings In… (KNTK) | 100 | 689.0 | +589.0% |
| Antero Midstream Co… (AM) | 100 | 437.7 | +337.7% |
| Hess Midstream LP (HESM) | 100 | 196.5 | +96.5% |
| Delek Logistics Par… (DKL) | 100 | 214.4 | +114.4% |
| MPLX Lp (MPLX) | 100 | 284.4 | +184.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KNTK vs AM vs HESM vs DKL vs MPLX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MPLX leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Kinetik Holdings Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. AM and DKL also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
KNTK
Kinetik Holdings Inc.
The Growth Play
KNTK is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 19.0%, EPS growth 157.8%, 3Y rev CAGR 13.3%
- 19.0% revenue growth vs AM's 7.0%
- 16.8% yield, 3-year raise streak, vs HESM's 7.5%
Best for: growth exposure
AM
Antero Midstream Corporation
The Defensive Pick
AM ranks third and is worth considering specifically for sleep-well-at-night and defensive.
- Lower volatility, beta 0.11, current ratio 3.41x
- Beta 0.11, yield 4.4%, current ratio 3.41x
- Beta 0.11 vs KNTK's 0.50
Best for: sleep-well-at-night and defensive
HESM
Hess Midstream LP
The Income Pick
HESM is the clearest fit if your priority is income & stability.
- Dividend streak 7 yrs, beta 0.22, yield 7.5%
Best for: income & stability
DKL
Delek Logistics Partners, LP
The Momentum Pick
DKL is the clearest fit if your priority is momentum.
- +47.9% vs HESM's +13.1%
Best for: momentum
MPLX
MPLX Lp
The Long-Run Compounder
MPLX carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 180.5% 10Y total return vs DKL's 207.4%
- Lower P/E (12.3x vs 14.6x)
- 37.5% margin vs KNTK's 13.2%
- 11.3% ROA vs KNTK's 4.2%, ROIC 9.9% vs 1.9%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | KNTK | 19.0% revenue growth vs AM's 7.0% |
| Value | MPLX | Lower P/E (12.3x vs 14.6x) |
| Quality / Margins | MPLX | 37.5% margin vs KNTK's 13.2% |
| Stability / Safety | AM | Beta 0.11 vs KNTK's 0.50 |
| Dividends | KNTK | 16.8% yield, 3-year raise streak, vs HESM's 7.5% |
| Momentum (1Y) | DKL | +47.9% vs HESM's +13.1% |
| Efficiency (ROA) | MPLX | 11.3% ROA vs KNTK's 4.2%, ROIC 9.9% vs 1.9% |
KNTK vs AM vs HESM vs DKL vs MPLX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2023
FY 2025
KNTK vs AM vs HESM vs DKL vs MPLX — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAMLAGGINGMPLX
Who Leads Where
HESM leads in 1 of 6 categories
DKL leads 1 • AM leads 1 • KNTK leads 0 • MPLX leads 0 • 3 tied
Explore the data ↓MPLXMPLX Lp
0leads
KNTKKinetik Holdings Inc.
0leads
DKLDelek Logistics Partn…
1leads
HESMHess Midstream LP
1leads
AMAntero Midstream Corp…
1leads
6 Total Categories
CATEGORYLEADERvs HESMvs DKLMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HESM3/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
DKL3/9
Total Returns1Y, 3Y, 5Y total returns with dividends
AM3/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
HESM leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MPLX is the larger business by revenue, generating $12.5B annually — 11.8x DKL's $1.1B. MPLX is the more profitable business, keeping 37.5% of every revenue dollar as net income compared to KNTK's 13.2%. On growth, DKL holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.7B | $1.3B | $1.6B | $1.1B | $12.5B |
| EBITDAEarnings before interest/tax | $534M | $951M | $1.2B | $310M | $7.0B |
| Net IncomeAfter-tax profit | $228M | $411M | $353M | $170M | $4.7B |
| Free Cash FlowCash after capex | $255M | $916M | $585M | $112M | $5.0B |
| Gross MarginGross profit ÷ Revenue | +27.7% | +64.5% | +75.0% | +19.2% | +60.0% |
| Operating MarginEBIT ÷ Revenue | +8.2% | +57.6% | +62.2% | +16.5% | +44.9% |
| Net MarginNet income ÷ Revenue | +13.2% | +31.9% | +21.8% | +16.0% | +37.5% |
| FCF MarginFCF ÷ Revenue | +14.8% | +71.2% | +36.1% | +10.6% | +39.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -7.5% | +8.6% | +2.3% | +19.0% | +5.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.4% | 0.0% | +5.9% | -17.8% | -17.3% |
HESM leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
Evenly matched — KNTK and MPLX each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 11.2x trailing earnings, MPLX trades at a 54% valuation discount to AM's 24.3x P/E. On an enterprise value basis, DKL's 8.8x EV/EBITDA is more attractive than AM's 15.3x.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| Market CapShares × price | $3.3B | $9.9B | $8.0B | $2.7B | $54.8B |
| Enterprise ValueMkt cap + debt − cash | $7.1B | $13.0B | $11.7B | $2.7B | $78.8B |
| Trailing P/EPrice ÷ TTM EPS | 18.08x | 24.33x | 13.35x | 15.47x | 11.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 41.95x | 18.95x | 12.83x | 14.60x | 12.33x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 0.79x | — | — |
| EV / EBITDAEnterprise value multiple | 13.03x | 15.28x | 9.59x | 8.81x | 12.90x |
| Price / SalesMarket cap ÷ Revenue | 1.85x | 7.89x | 4.91x | 2.68x | 4.64x |
| Price / BookPrice ÷ Book value/share | 1.02x | 5.12x | 10.73x | 447.14x | 3.79x |
| Price / FCFMarket cap ÷ FCF | 43.93x | 12.90x | 10.92x | — | 13.37x |
Evenly matched — KNTK and MPLX each lead in 2 of 6 comparable metrics.
Profitability & Efficiency
DKL leads this category, winning 3 of 9 comparable metrics.
Profitability & Efficiency
DKL delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $11 for KNTK. KNTK carries lower financial leverage with a 1.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to HESM's 8.61x. On the Piotroski fundamental quality scale (0–9), AM scores 8/9 vs DKL's 4/9, reflecting strong financial health.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +10.9% | +20.4% | +74.9% | +19.2% | +32.8% |
| ROA (TTM)Return on assets | +4.2% | +6.9% | +8.1% | +6.1% | +11.3% |
| ROICReturn on invested capital | +1.9% | +9.4% | +18.6% | +14.1% | +9.9% |
| ROCEReturn on capital employed | +2.5% | +11.2% | +24.8% | +8.3% | +12.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 8 | 6 | 4 | 6 |
| Debt / EquityFinancial leverage | 1.32x | 1.63x | 8.61x | 5.75x | 1.80x |
| Net DebtTotal debt minus cash | $3.9B | $3.0B | $3.8B | $24M | $24.0B |
| Cash & Equiv.Liquid assets | $4M | $180M | $2M | $11M | $2.1B |
| Total DebtShort + long-term debt | $3.9B | $3.2B | $3.8B | $35M | $26.2B |
| Interest CoverageEBIT ÷ Interest expense | 3.17x | 4.07x | 4.54x | 1.66x | 5.85x |
DKL leads this category, winning 3 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
AM leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AM five years ago would be worth $27,304 today (with dividends reinvested), compared to $18,532 for DKL. Over the past 12 months, DKL leads with a +47.9% total return vs HESM's +13.1%. The 3-year compound annual growth rate (CAGR) favors AM at 31.7% vs DKL's 13.3% — a key indicator of consistent wealth creation.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +34.8% | +19.1% | +14.6% | +13.4% | +4.2% |
| 1-Year ReturnPast 12 months | +19.7% | +22.5% | +13.1% | +47.9% | +18.9% |
| 3-Year ReturnCumulative with dividends | +90.8% | +128.2% | +64.1% | +45.6% | +92.2% |
| 5-Year ReturnCumulative with dividends | +89.8% | +173.0% | +127.7% | +85.3% | +151.2% |
| 10-Year ReturnCumulative with dividends | -34.5% | -14.7% | +122.5% | +207.4% | +180.5% |
| CAGR (3Y)Annualised 3-year return | +24.0% | +31.7% | +18.0% | +13.3% | +24.3% |
AM leads this category, winning 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — KNTK and AM each lead in 1 of 2 comparable metrics.
Risk & Volatility
AM is the less volatile stock with a 0.11 beta — it tends to amplify market swings less than KNTK's 0.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KNTK currently trades 93.0% from its 52-week high vs HESM's 86.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.50x | 0.11x | 0.22x | 0.34x | 0.11x |
| 52-Week HighHighest price in past year | $51.11 | $23.84 | $44.14 | $55.89 | $59.98 |
| 52-Week LowLowest price in past year | $31.33 | $16.77 | $31.63 | $37.50 | $47.80 |
| % of 52W HighCurrent price vs 52-week peak | +93.0% | +87.8% | +86.5% | +91.3% | +90.0% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 41.6 | 51.6 | 49.1 | 51.1 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 2.5M | 1.6M | 63K | 1.9M |
Evenly matched — KNTK and AM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — KNTK and HESM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: KNTK as "Buy", AM as "Hold", HESM as "Hold", DKL as "Hold", MPLX as "Buy". Consensus price targets imply 11.5% upside for MPLX (target: $60) vs -16.2% for HESM (target: $32). For income investors, KNTK offers the higher dividend yield at 16.79% vs AM's 4.35%.
| Metric | KNTKKinetik Holdings … | AMAntero Midstream … | HESMHess Midstream LP | DKLDelek Logistics P… | MPLXMPLX Lp |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $48.67 | $21.50 | $32.00 | $56.00 | $60.20 |
| # AnalystsCovering analysts | 15 | 17 | 9 | 10 | 28 |
| Dividend YieldAnnual dividend ÷ price | +16.8% | +4.4% | +7.5% | +8.7% | +7.3% |
| Dividend StreakConsecutive years of raises | 3 | 1 | 7 | 5 | 3 |
| Dividend / ShareAnnual DPS | $7.98 | $0.91 | $2.84 | $4.45 | $3.94 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.4% | +1.4% | +5.0% | +0.4% | +0.7% |
Evenly matched — KNTK and HESM each lead in 1 of 2 comparable metrics.
Key Takeaway
HESM leads in 1 of 6 categories (Income & Cash Flow). DKL leads in 1 (Profitability & Efficiency). 3 tied.
Best OverallAntero Midstream Corporation (AM)Leads 1 of 6 categories
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KNTK vs AM vs HESM vs DKL vs MPLX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is KNTK or AM or HESM or DKL or MPLX a better buy right now?
For growth investors, Kinetik Holdings Inc.
(KNTK) is the stronger pick with 19. 0% revenue growth year-over-year, versus 7. 0% for Antero Midstream Corporation (AM). MPLX Lp (MPLX) offers the better valuation at 11. 2x trailing P/E (12. 3x forward), making it the more compelling value choice. Analysts rate Kinetik Holdings Inc. (KNTK) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KNTK or AM or HESM or DKL or MPLX?
On trailing P/E, MPLX Lp (MPLX) is the cheapest at 11.
2x versus Antero Midstream Corporation at 24. 3x. On forward P/E, MPLX Lp is actually cheaper at 12. 3x.
03Which is the better long-term investment — KNTK or AM or HESM or DKL or MPLX?
Over the past 5 years, Antero Midstream Corporation (AM) delivered a total return of +173.
0%, compared to +85. 3% for Delek Logistics Partners, LP (DKL). Over 10 years, the gap is even starker: DKL returned +207. 4% versus KNTK's -34. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KNTK or AM or HESM or DKL or MPLX?
By beta (market sensitivity over 5 years), Antero Midstream Corporation (AM) is the lower-risk stock at 0.
11β versus Kinetik Holdings Inc. 's 0. 50β — meaning KNTK is approximately 374% more volatile than AM relative to the S&P 500. On balance sheet safety, Kinetik Holdings Inc. (KNTK) carries a lower debt/equity ratio of 132% versus 9% for Hess Midstream LP — giving it more financial flexibility in a downturn.
05Which is growing faster — KNTK or AM or HESM or DKL or MPLX?
By revenue growth (latest reported year), Kinetik Holdings Inc.
(KNTK) is pulling ahead at 19. 0% versus 7. 0% for Antero Midstream Corporation (AM). On earnings-per-share growth, the picture is similar: Kinetik Holdings Inc. grew EPS 157. 8% year-over-year, compared to 3. 6% for Antero Midstream Corporation. Over a 3-year CAGR, KNTK leads at 13. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KNTK or AM or HESM or DKL or MPLX?
MPLX Lp (MPLX) is the more profitable company, earning 41.
6% net margin versus 10. 1% for Kinetik Holdings Inc. — meaning it keeps 41. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HESM leads at 62. 2% versus 9. 3% for KNTK. At the gross margin level — before operating expenses — AM leads at 65. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is KNTK or AM or HESM or DKL or MPLX more undervalued right now?
On forward earnings alone, MPLX Lp (MPLX) trades at 12.
3x forward P/E versus 41. 9x for Kinetik Holdings Inc. — 29. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MPLX: 11. 5% to $60. 20.
08Which pays a better dividend — KNTK or AM or HESM or DKL or MPLX?
All stocks in this comparison pay dividends.
Kinetik Holdings Inc. (KNTK) offers the highest yield at 16. 8%, versus 4. 4% for Antero Midstream Corporation (AM).
09Is KNTK or AM or HESM or DKL or MPLX better for a retirement portfolio?
For long-horizon retirement investors, MPLX Lp (MPLX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
11), 7. 3% yield, +180. 5% 10Y return). Both have compounded well over 10 years (MPLX: +180. 5%, KNTK: -34. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between KNTK and AM and HESM and DKL and MPLX?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: KNTK is a small-cap high-growth stock; AM is a small-cap income-oriented stock; HESM is a small-cap deep-value stock; DKL is a small-cap deep-value stock; MPLX is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(KNTK: -7.5% · AM: 8.6%)Net Margin>
%
(KNTK: 13.2% · AM: 31.9%)P/E Ratio<
x
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