Kinetik (KNTK) has disclosed a new risk, in the Accounting & Financial Operations category.
Kinetik faces considerable financial reporting risks due to the necessity for management to make critical estimates and assumptions which harbor substantial uncertainty. These judgments, pivotal for financial statements and operational performance metrics, can be drastically influenced by evolving market conditions, shifts in company strategy, or new information affecting commodity prices. As such, any alterations in these estimates or the data underpinning them may lead to significant variances in reported financial outcomes, potentially impacting stakeholders’ view of Kinetik’s fiscal health and operational efficacy.
The average KNTK stock price target is $34.00, implying -0.99% downside potential.
To learn more about Kinetik’s risk factors, click here.
