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Video: What is a Stock Split?
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Kinetik Holdings, through its consolidated subsidiaries, provides gathering, water disposal, transportation, compression, processing and treating services necessary to bring natural gas, natural gas liquids and crude oil to market. Additionally, Co. owns equity interests in four separate Permian Basin pipeline entities that have access to various markets along the Texas Gulf Coast. According to our KNTK split history records, Kinetik Holdings has had 1 split. | |
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Kinetik Holdings (KNTK) has 1 split in our KNTK split history database. The split for KNTK took place on June 09, 2022. This was a 2 for 1 split, meaning for each share of KNTK owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Kinetik Holdings splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the KNTK split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kinetik Holdings shares, starting with a $10,000 purchase of KNTK, presented on a split-history-adjusted basis factoring in the complete KNTK split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/14/2018 |
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End date: |
04/18/2024 |
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Start price/share: |
$4.16 |
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End price/share: |
$38.63 |
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Starting shares: |
2,403.85 |
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Ending shares: |
3,159.88 |
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Dividends reinvested/share: |
$9.00 |
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Total return: |
1,120.66% |
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Average Annual Total Return: |
58.56% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$122,047.92 |
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Years: |
5.43 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/14/2018 |
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End date: |
04/18/2024 |
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Start price/share: |
$4.16 |
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End price/share: |
$38.63 |
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Dividends collected/share: |
$9.00 |
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Total return: |
1,044.95% |
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Average Annual Total Return: |
56.70% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$114,476.66 |
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Years: |
5.43 |
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Date |
Ratio |
06/09/2022 | 2 for 1 |
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