15 Energy Infrastructure Stocks That Are Skyrocketing

13. Kinetik Holdings Inc. (NYSE:KNTK)

Returns in Past 6 Months: 39.50%

Number of Hedge Fund Investors: 24

Kinetik Holdings Inc. (NYSE:KNTK) is a midstream energy company primarily focused on natural gas gathering, processing, and transportation in the Permian Basin. The company operates a network of pipelines and processing facilities to deliver energy products to end markets. Kinetik Holdings Inc.’s (NYSE:KNTK) clients include upstream oil and gas producers and downstream refiners.

Kinetik Holdings Inc.’s (NYSE:KNTK) stock price has experienced a significant increase, driven by the company’s announcement that it had partnered with Diamondback Energy to acquire an additional equity interest in EPIC, bringing Kinetik Holdings Inc.’s (NYSE:KNTK) total ownership to 27.5%. This acquisition was seen as a strategic move by Kinetik Holdings Inc. (NYSE:KNTK) to increase its presence in the Permian Basin and to gain more control over the EPIC pipeline system. Diamondback Energy has committed to transporting a significant portion of its crude oil production through the EPIC pipeline, which will help to increase the pipeline’s utilization and drive revenue growth for Kinetik Holdings Inc. (NYSE:KNTK).

Furthermore, in December 2024, Kinetik Holdings Inc. (NYSE:KNTK) announced the acquisition of natural gas and crude oil gathering systems from Permian Resources for $180 million in cash. This deal includes approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression, and processing and crude oil gathering services. This acquisition reinforces Kinetik Holdings Inc.’s (NYSE:KNTK) strategic partnership with Permian Resources, one of the most active and lowest-cost operators in the Delaware Basin, and is expected to drive growth and increase the company’s presence in the region.