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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.

Overview

Kinetik Holdings Inc (NYSE: KNTK) is a fully integrated midstream operator that plays a pivotal role in the oil and gas sector. Specializing in gas and oil gathering, processing, and pipeline transportation, the company offers critical infrastructure solutions designed to connect upstream production with downstream markets. Leveraging extensive assets in the Permian Basin and beyond, Kinetik incorporates advanced gathering systems, processing facilities, and transportation pipelines with a strategic focus on operational efficiency and reliability. Keywords such as midstream, pipeline transportation, and decarbonization underscore its dual commitment to traditional energy infrastructure and evolving environmental considerations.

Business Segments and Core Services

Kinetik Holdings Inc operates through two principal segments that together form a comprehensive service portfolio:

  • Midstream Logistics: This segment encapsulates a range of services including gas gathering and processing, crude oil gathering, stabilization, and storage services, as well as produced water gathering and disposal. These services are integral to maintaining the flow of energy products from production centers to processing and refining hubs.
  • Pipeline Transportation: Kinetik’s pipeline transportation segment includes operations on multiple pipeline systems. The company not only operates its own pipelines but also holds substantial ownership stakes in critical pipeline assets. These pipelines connect the prolific regions of the Permian Basin with access points along the U.S. Gulf Coast, ensuring efficient and safe transportation of natural gas liquids (NGLs) and crude oil.

Operational Excellence and Infrastructure

The company’s infrastructure is a testament to its operational sophistication. Its network includes state‐of‐the‐art gathering systems, robust processing facilities, and strategically located pipelines that serve as lifelines between production areas and markets. By ensuring consistent and reliable service, Kinetik reinforces its position as an indispensable participant in the midstream industry. The company’s operations are characterized by a high degree of integration, allowing for streamlined service delivery across diverse energy products. Each element of its network is engineered to maximize efficiency while minimizing downtime and operational risk.

Sustainability and Decarbonization Initiatives

While rooted in traditional midstream operations, Kinetik Holdings Inc also demonstrates an active commitment to sustainability within the energy sector. A notable example is the company’s collaboration with an eFuels provider, which involves the strategic capture and sale of carbon dioxide (CO2) generated in its gas gathering and processing systems. This captured CO2 is repurposed as a valuable feedstock in the production of ultra-low carbon electrofuels (eFuels). Such initiatives not only reflect Kinetik’s responsiveness to evolving regulatory and market dynamics but also its role in fostering innovative decarbonization strategies. By participating in these sustainable endeavors, Kinetik illustrates how traditional midstream operations can integrate environmental stewardship into their business model without compromising core service delivery.

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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) announced the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corporation. The Offering is subject to market conditions, with J.P. Morgan, Barclays, RBC Capital Markets, and TD Securities acting as joint lead book-running managers.
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FAQ

What is the current stock price of Kinetik Holdings (KNTK)?

The current stock price of Kinetik Holdings (KNTK) is $43.6 as of April 7, 2025.

What is the market cap of Kinetik Holdings (KNTK)?

The market cap of Kinetik Holdings (KNTK) is approximately 2.7B.

What are the core services offered by Kinetik Holdings Inc?

Kinetik Holdings Inc provides integrated midstream services including gas gathering, processing, crude oil stabilization and storage, produced water management, and pipeline transportation.

How does the company generate revenue?

The company earns revenue by offering gathering and processing services, stabilizing and storing crude oil, managing produced water disposal, and through its involvement in pipeline transportation, including ownership stakes in key pipeline assets.

What are the two main reportable segments of Kinetik Holdings Inc?

Kinetik operates in two primary segments: the Midstream Logistics segment, which includes various processing and storage services, and the Pipeline Transportation segment, which focuses on the operation and ownership of key pipelines.

How is Kinetik Holdings Inc positioned in the midstream industry?

Kinetik Holdings Inc is well-positioned in the midstream industry due to its comprehensive service offerings, strategic asset locations, and its ability to facilitate efficient product flow from production sites to key market hubs.

Can you explain the company's involvement in decarbonization initiatives?

Kinetik has engaged in initiatives that convert captured CO2, sourced from its gas processing facilities, into a feedstock for ultra-low carbon electrofuels, demonstrating its commitment to integrating sustainability into traditional midstream operations.

In what regions does Kinetik Holdings Inc primarily operate?

The company’s operations are largely centered in the Permian Basin with an extended network that facilitates transportation to the U.S. Gulf Coast, serving as a critical link between production and market areas.

How does Kinetik differentiate itself from competitors?

Kinetik differentiates itself by offering a fully integrated midstream service portfolio that includes both hands-on operations and strategic asset ownership. Additionally, its focus on innovative decarbonization projects sets it apart in an industry traditionally focused solely on operational efficiency.

What does the Pipeline Transportation segment include?

This segment consists of Kinetik’s operation of various pipelines, including those serving the natural gas liquids market and strategically located pipelines that bridge the Permian Basin with Gulf Coast refining and export centers.
Kinetik Holdings Inc

NYSE:KNTK

KNTK Rankings

KNTK Stock Data

2.70B
42.84M
10.5%
87.8%
7.35%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States
HOUSTON