What move does the options market price into Kinetik's report?

Implied ±13.6%, either direction · provisional.

How often does Kinetik move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

KNTKNYSENatural Gas Transmission

Kinetik Holdings Inc. (KNTK) earnings date, market-implied expected move, and options open interest by expiry

51.29

−2.95 · −5.43%

post 51.26 −0.07%

Closed19:30 ET

Open54.24Volume1.2MMkt cap$8.3BP/E42.32Div yield6.33%

Day48.25 – 54.2450%52-wk29.28 – 58.9074%

KNTK

Kinetik Holdings Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.6%implied · straddle

44.2058.14

spot 51.17exp Mar 19ATM strike 50ATM straddle 8.20IV 34%

Nov 4 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 111 days

est.Q4 FY26

Calendar

Next report

Last report

Nov 4

after close

confirmedNov 3 close

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+12.26%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

322 managers

Top fund weight

0.08%

KNTK weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Kinetik (KNTK) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±7.5%
avg realized: ±4.6%

Nov 6 '24Nov 6 '24confirmed±7.3%▲+7.51%×1.02

Feb 26 '25Feb 26 '25confirmed±7.6%▼−4.11%×0.54

May 7 '25May 7 '25confirmed±6.7%▲+5.03%×0.76

Aug 6 '25Aug 6 '25confirmed±6.1%▼−0.02%×0.00

Q3 FY25Nov 5 '25confirmed±8.7%▼−8.14%×0.94

Q1 FY26Feb 25 '26confirmed±9.5%▲+8.02%×0.84

May 6 '26May 6 '26confirmed±7.5%▲+0.58%×0.08

Q2 FY26Aug 5 '26confirmed±6.7%▲+3.76%×0.56

quarterimplied−10%0+10%realized×

Q2 FY26±6.7%▲+3.76%×0.56

May '26±7.5%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.41OI · 3 expiries · Nov 3 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3210%Nov 2015d0.074,5110%0.07

116−1%Dec 1843d0.042,7300%0.04

report · Feb 24 · after close · est.

1,499+6%Mar 19134d3,6570%

ExpiryPutsCallsP/C

Nov 2015d3210%4,5110%0.07

Dec 1843d116−1%2,7300%0.04

report · Feb 24 · after close · est.

Mar 19134d1,499+6%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.6%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

21.17%as filednet margin · revenue +41.82% QoQ · +36.25% YoY

Revenue

$581M+41.82% QoQ

Gross profit

$344M+55.41% QoQ

59.14% margin

Operating income

$134M+3590.80% QoQ

23.04% margin

Pre-tax income

$138M+2429.93% QoQ

Net income

$123M+2502.20% QoQ

21.17% margin

Cost of revenue

$238M+25.89% QoQ

Operating expenses

$210M−6.76% QoQ

Depreciation $103M

SG&A $98M

Other operating $8M

Tax

$14M+1953.86% QoQ

Other income

$4M+272.35% QoQ

Revenue$581M+41.82%

Gross profit

$344M+55.41%

59.14% margin

Operating income

$134M+3590.80%

23.04% margin

Pre-tax income

$138M+2429.93%

Net income

$123M+2502.20%

21.17% margin

Cost of revenue

$238M+25.89%

Operating expenses

$210M−6.76%

Depreciation $103M

SG&A $98M

Other operating $8M

Other income$4M+272.35%

Tax$14M+1953.86%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:30 ET

Intraday

Event sensitivity

CPI ×1.28· ±2.0% vs ±1.6% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±2.0%9 of 10×1.28

GDPgross domestic product±2.0%8 of 19×1.23

FOMCrate decision±1.8%16 of 24×1.12

CPROFcorporate profits±1.8%6 of 12×1.11

PCEpersonal income & outlays±1.5%8 of 19×0.95

NFPjobs report±1.4%5 of 10×0.91

PPIproducer prices±1.3%5 of 10×0.83

Bar = avg |move| to ±3% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 0.64 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.64	—
Q1 FY26	Feb 25 '26 · confirmed	-0.07	—
Q3 FY25	Nov 5 '25 · confirmed	0.03	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod