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Kinetik Holdings Inc - KNTK STOCK NEWS

Welcome to our dedicated page for Kinetik Holdings news (Ticker: KNTK), a resource for investors and traders seeking the latest updates and insights on Kinetik Holdings stock.

Kinetik Holdings Inc. (NYSE: KNTK) provides essential midstream energy infrastructure, connecting oil and gas production to markets through gathering systems, processing facilities, and strategic pipelines. This page serves as the definitive source for KNTK-related news, offering investors and industry professionals timely updates on operational developments and corporate milestones.

Access press releases covering earnings reports, infrastructure expansions, and sustainability initiatives like the company’s CO2 capture partnership for electrofuels production. Our curated collection ensures you stay informed about KNTK’s dual focus: maintaining reliable energy logistics while advancing decarbonization efforts in the Permian Basin and Gulf Coast regions.

Discover updates across key areas including pipeline transportation advancements, gas processing innovations, and regulatory compliance developments. All content is verified for accuracy and relevance, providing a trustworthy resource for strategic decision-making.

Bookmark this page to monitor Kinetik Holdings’ evolving role in energy infrastructure and environmental stewardship. Check back regularly for new announcements directly impacting midstream operations and the broader energy transition landscape.

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Infinium and Kinetik have reached an agreement to utilize captured CO2 for the production of ultra-low carbon electrofuels, showcasing a unique long-term partnership with significant decarbonization benefits for the transportation industry.
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Kinetik Holdings Inc. (NYSE: KNTK) appoints William Ordemann to its Board of Directors, replacing Ben Rodgers. Ordemann brings 38 years of energy industry experience and served in executive roles at Enterprise Products Partners L.P. He aims to enhance Kinetik's strategic vision and execution.
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Kinetik Holdings Inc. (NYSE: KNTK) announced a $150 million accounts receivable securitization facility agreement with PNC Bank, extending the maturity of its Term Loan Credit Facility to December 2026.
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Kinetik Holdings Inc. (NYSE: KNTK) announced a secondary offering of 11,373,801 shares of its Class A common stock by Apache Midstream LLC at $33.75 per share. The Company will not receive proceeds from the sale. The underwriters have an option to purchase additional shares. CEO to purchase 14,814 shares at the public offering price.
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Kinetik Holdings Inc. (NYSE: KNTK) announced a secondary offering of 11,373,801 shares of its Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corporation. The Company will not receive proceeds from the sale. The Offering includes a 30-day option for additional shares. The Chief Executive Officer expressed interest in purchasing shares. Goldman Sachs, BofA Securities, J.P. Morgan, and Mizuho are acting as joint lead managers for the Offering.
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Kinetik Holdings Inc. (NYSE: KNTK) reported strong financial results for Q4 2023, with net income of $267.4 million and Adjusted EBITDA of $228.0 million. The full year 2023 net income was $386.5 million, with Adjusted EBITDA of $838.8 million. The company issued guidance for 2024 with Adjusted EBITDA expected to be between $905 million and $960 million. Kinetik completed strategic growth projects in 2023, positioning itself for future growth.
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Kinetik Holdings Inc. (NYSE: KNTK) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth quarter of 2023. The dividend will be paid on March 7, 2024, to shareholders of record as of February 22, 2024. The company will host its fourth quarter 2023 results conference call on February 29, 2024, to discuss the earnings release scheduled for February 28, 2024.
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Kinetik Holdings Inc. (NYSE: KNTK) announced that its subsidiary, Kinetik Holdings LP, has priced its offering of $300 million sustainability-linked senior notes due 2028. The offering was increased from $200 million to $300 million, with an interest rate of 6.625% per year. The net proceeds will be used to repay outstanding borrowings under its existing Term Loan Credit Facility. The Offering is expected to close on December 19, 2023.
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Kinetik Holdings Inc. (NYSE: KNTK) is offering $200 million in sustainability-linked senior notes due 2028 to repay outstanding borrowings under its existing Term Loan Credit Facility. The interest rate on the Senior Notes is tied to Kinetik's performance against sustainability targets. The company published a Sustainability-Linked Financing Framework and obtained a second-party opinion from ISS ESG.
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Kinetik Holdings Inc. (NYSE: KNTK) announced the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corporation, at a price of $31.50 per share. The Offering was upsized from the previously announced 6,000,000 shares based on strong investor demand. Certain officers and directors of the Company have agreed to purchase an aggregate of 63,492 shares of Class A common stock from the underwriters at the public offering price.
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Kinetik Holdings Inc

NYSE:KNTK

KNTK Rankings

KNTK Stock Data

2.49B
43.77M
10.5%
87.8%
7.35%
Oil & Gas Midstream
Natural Gas Transmission
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United States
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