Kinetik (KNTK) vs Plains GP L.P. (PAGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Plains GP L.P. (PAGP) has outperformed Kinetik (KNTK) over the past year, gaining 51.0% versus a gain of 41.8%. Over five years, PAGP leads with a +126.5% price change compared with +23.7% for KNTK. Kinetik is the larger company by market cap ($9.11 billion vs $6.19 billion), about 1.5 times the size.
On valuation, Plains GP L.P. trades at a lower forward P/E (12.9x vs 24.7x for Kinetik). Plains GP L.P. offers the higher dividend yield (6.15% vs 5.96%). Kinetik converts more of its revenue into profit, with a net margin of 10.1% versus 0.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | KNTK | PAGP |
|---|---|---|
| Share price | $53.82 | $26.55 |
| Market cap | $9.11B | $6.19B |
| 1-day change | -1.08% | -0.08% |
| YTD return | +50.93% | +38.82% |
| 1-year return | +41.77% | +50.97% |
| 5-year return | +23.67% | +126.51% |
| P/E ratio (TTM) | 18.82 | 60.34 |
| Forward P/E | 24.68 | 12.85 |
| EPS (TTM) | $2.86 | $0.44 |
| Dividend yield | 5.96% | 6.15% |
| Annual dividend | $3.21 | $1.63 |
| Revenue (latest FY) | $1.76B | $44.26B |
| Revenue growth (YoY) | +18.98% | -9.46% |
| Net income (latest FY) | $178.26M | $260.00M |
| Gross margin | 55.45% | 8.65% |
| Operating margin | 9.35% | 3.23% |
| Net margin | 10.10% | 0.59% |
| 52-week high | $56.92 | $28.70 |
| 52-week low | $31.33 | $16.68 |
| Distance from 52-week high | -5.45% | -7.49% |
| Analyst consensus | none | buy |
| Avg. price target upside | +6.48% | -1.77% |
| Average volume | 1.14M | 1.64M |
| Shares outstanding | 80.44M | 197.90M |
| Employees | 500 | — |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Plains GP L.P. trades at a higher earnings multiple (60.3x vs 18.8x trailing P/E).
- Kinetik is more profitable, keeping 10.1 cents of every revenue dollar as net income versus 0.6 cents for Plains GP L.P..
- Kinetik grew revenue faster in its latest fiscal year (+18.98% vs -9.46%).
- The two companies sit in different sectors: Kinetik in Utilities and Plains GP L.P. in Energy.
About Kinetik
KNTK stock →Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation.
Utilities · Natural Gas Distribution · 500 employees
About Plains GP L.P.
PAGP stock →Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.
Energy · Natural Gas Distribution
KNTK vs PAGP FAQ
Which is bigger, Kinetik or Plains GP L.P.?
Kinetik (KNTK) is larger, with a market capitalization of $9.11B compared with $6.19B for Plains GP L.P. (PAGP).
Which stock has performed better over the past year, KNTK or PAGP?
PAGP returned +50.97% over the past 12 months, compared with +41.77% for KNTK (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KNTK or PAGP?
KNTK has the lower trailing P/E at 18.8, versus 60.3 for PAGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Kinetik or Plains GP L.P.?
Plains GP L.P. has the higher yield at 6.15%, compared with 5.96% for Kinetik.
Are Kinetik and Plains GP L.P. in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.