Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Kinetik reported a strong start to the year, surpassing its own internal expectations and signaling robust growth prospects for 2024.</li><li>In Q1, Kinetik recorded an adjusted EBITDA of $234 million, marking a 25% increase year-over-year.</li><li>This positive performance was primarily driven by volume growth, leveraging contributions from the Permian Highway Pipeline (PHP) expansion, and the Delaware Link.</li></ul>

Kinetik reported a strong start to the year, surpassing its own internal expectations and signaling robust growth prospects for 2024.In Q1, Kinetik recorded an adjusted EBITDA of $234 million, marking a 25% increase year-over-year.This positive performance was primarily driven by volume growth, leveraging contributions from the Permian Highway Pipeline (PHP) expansion, and the Delaware Link.

Kinetik Holdings Inc.: Strategic Market Positioning Through PHP Capacity! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Kinetic is a Permian midstream business formed from the merger of Altus Midstream and Blackstone's Raptor I and Raptor II G&amp;P businesses</li><li>The company is the only large, pure-play Permian midstream business, with two business units focused on Midstream Logistics and Pipeline Transportation</li><li>Kinetic, still 50% owned by Blackstone, is expected to generate reasonable profits in the foreseeable future and presents a stable investment option in the current market environment</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Kinetic is a Permian midstream business formed from the merger of Altus Midstream and Blackstone's Raptor I and Raptor II G&amp;P businessesThe company is the only large, pure-play Permian midstream business, with two business units focused on Midstream Logistics and Pipeline TransportationKinetic, still 50% owned by Blackstone, is expected to generate reasonable profits in the foreseeable future and presents a stable investment option in the current market environmentThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Kinetik Holdings Inc. (KNTK) - Wednesday, Feb 21, 2024

<ul><li>Kinetik reported its Q4 2023 results and 2024 financial guidance, starting on an upbeat note by achieving record processed gas volumes each quarter and delivering projects on time and within budget.</li><li>The tireless focus on execution led to several strategic growth projects, priorities, and the company’s vision.</li><li>Moreover, various accomplishments in terms of system-wide treating and blending capabilities uniquely position Kinetik to support the next phase of growth in the basin, including treating increasingly important trends for producers developing shallower benches.</li></ul>

Kinetik reported its Q4 2023 results and 2024 financial guidance, starting on an upbeat note by achieving record processed gas volumes each quarter and delivering projects on time and within budget.The tireless focus on execution led to several strategic growth projects, priorities, and the company’s vision.Moreover, various accomplishments in terms of system-wide treating and blending capabilities uniquely position Kinetik to support the next phase of growth in the basin, including treating increasingly important trends for producers developing shallower benches.

Kinetik Holdings: Initiation Of Coverage - Midstream Logistics & Pipeline Transportation Crucial For Future Growth? - Major Drivers

United States

Kosmos Energy Ltd. provides oil and gas exploration and production services. The Company focuses on discovering new petroleum systems and to grow and mature discovered hydrocarbon basins, as well as development and production projects. Kosmos Energy serves customers worldwide.

Peabody Energy Corporation mines and markets low sulfur coal, primarily for use by electric utilities. The Company also trades coal and emission allowances. Peabody owns and operates mines in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana, and Australia.

CVR Energy, Inc. is an independent refiner and marketer of transportation fuels. The Company, also through a limited partnership produces ammonia and urea ammonia nitrate, or UAN, fertilizers.

Gulfport Energy Corporation operates as an energy exploration and production company. The Company focuses on oil and natural gas exploration and production services. Gulfport Energy serves clients in the United States.

Callon Petroleum Company is an independent energy company. The Company focused on the acquisition, development, exploration, and operation of oil and gas properties. Callon Petroleum serves customers in the United States.

NuStar Energy L.P. transports and stores crude oil and refined products.  The Company operates pipelines, terminals, and oil storage facilities.  NuStar operates in North America, Latin America, the Caribbean, the United Kingdom, and continental Europe.

CONSOL Energy Inc. produces and exports high-bituminous thermal coal. The Company owns and operates productive longwall mining operations. CONSOL Energy serves customers in the United States.

Uranium Energy Corporation is a uranium production, development and exploration company. The Company's fully licensed and permitted hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up to full production this year, and the Goliad in-situ recovery project.

International Seaways, Inc. owns and operates a fleet of oceangoing vessels. The Company focuses on the transportation of crude oil and petroleum products. International Seaways serves customers worldwide.

Crestwood Equity Partners LP operates an energy infrastructure and distribution company. The Company offers a natural gas and storage business in Texas and an NGL and crude oil services business. Crestwood Equity serves customers in the United States and Canada.

Beach Energy Limited explores for, develops, and produces oil and natural gas. The Company holds interests in exploration and production tenements in Australia, USA, Egypt, Tanzania and Papua New Guinea.

Shanxi Meijin Energy Co., Ltd. produces coal and related products.

Shanxi Meijin Energy Co, Ltd. (000723 CH)

New Hope Corporation Limited is a thermal coal production company based in Australia. The Company also has interests in logistics and infrastructure operations in Australia as well.

Paladin Energy Ltd operates as a mining company. The Company explores and mines uranium. Paladin Energy serves customers worldwide.

Jizhong Energy Resources Co., Ltd. produces and markets coal products, generates electric power, and manufactures cement.

Thai Oil Public Company Limited is an oil refinery company. The Company imports crude oil and refines it into gasoline.  It also produces oil related products including liquefied petroleum gas (LPG), kerosene, fuel oil and chemicals. Thai oil supplies its products to domestic market where its major customers include Shell, Caltex Oil and the Petroleum Authority of Thailand.

Stanmore Coal Ltd. explores for coal in Australia. The Company's interests include a portfolio of coal assets within Queensland's Bowen and Surat Basin coal provinces.

PT Golden Energy Mines Tbk, (GEMS) operates as a holding company. Through its  s ubsidiaries, the Company mines for coal. GEMS' supplies paper mills and export energy markets including China, India, Thailand, Vietnam, and Bangladesh.

Semirara Mining and Power Corporation explores, develops, and mines coal. The company operates on Semirara Island.

BW LPG Limited provides safe, reliable and cost-efficient maritime transportation solutions to customers. The Company links areas of supply and demand globally with its fleet of LPG carriers, which is managed by experienced officers and crew. BW LPG is operating out of Singapore and its fleet operates on a combination of spot voyages, contracts of affreightment, and time charters.

Kinetik Holdings Inc. operates as a holding company. The Company, through its subsidiaries, focuses on providing gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. Kinetik Holdings serves customers in the United States.

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Kinetik Holdings (KNTK US)

Kinetik Holdings Inc.: Strategic Market Positioning Through PHP Capacity! - Major Drivers

Kinetik reported a strong start to the year, surpassing its own internal expectations and signaling robust growth prospects for 2024. In Q1,...

Baptista Research

Kinetik Holdings Inc. (KNTK) - Wednesday, Feb 21, 2024

Kinetic is a Permian midstream business formed from the merger of Altus Midstream and Blackstone's Raptor I and Raptor II G&P businesses

Value Investors Club

Kinetik Holdings: Initiation Of Coverage - Midstream Logistics & Pipeline Transportation Crucial For Future Growth? - Major Drivers

Kinetik reported its Q4 2023 results and 2024 financial guidance, starting on an upbeat note by achieving record processed gas volumes each...

Baptista Research

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