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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.
Kinetik Holdings Inc. (NYSE: KNTK) has announced a cash dividend of
The first-quarter results conference call is scheduled for
Further details on the DRIP are outlined in the Company’s Form S-3 registration statement filed with the
Kinetik Holdings reported a strong financial performance for the full year 2022, with net income of $250.7 million and Pro Forma Adjusted EBITDA of $822.2 million. For Q4 2022, net income was $48.5 million and Pro Forma Adjusted EBITDA reached $211.1 million. Kinetik issued guidance for 2023 Adjusted EBITDA between $800 million and $860 million, projecting a 15% increase in processed gas volumes. The company announced a $100 million share repurchase program and is expanding its operations into Lea County, New Mexico, underpinned by a long-term gathering agreement. Capital expenditures for 2023 are estimated at $490 million to $540 million.
Kinetik Holdings Inc. (NYSE: KNTK) announced a cash dividend of $0.75 per share, amounting to $3.00 annually, for Q4 2022. This dividend aligns with previous communications and will be paid on February 16, 2023, to shareholders on record as of February 6, 2023. A conference call to discuss Q4 results is scheduled for February 28, 2023, at 8:00 AM CST. Kinetik also offers a Dividend Reinvestment Plan (DRIP), where major stakeholders are reinvesting their dividends. Full details are available on their website.
Kinetik Holdings reported a strong third quarter for 2022, achieving a net income of $49.4 million and an Adjusted EBITDA of $212.4 million. The company processed a record 1.2 Bcf/d of natural gas. Kinetik has reaffirmed its 2022 guidance for Pro Forma Adjusted EBITDA of $820 to $840 million and capital expenditures of $280 to $300 million. The acquisition of the Brandywine NGL pipeline enhances Kinetik's system. Kinetik declared a quarterly dividend of $0.75 per share, with a significant number of shares reinvested.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced a cash dividend of $0.75 per share for the third quarter ending September 30, 2022, consistent with prior announcements. This equates to an annualized dividend of $3.00 and will be paid on November 17, 2022. Shareholders of record by the market close on November 7, 2022 will receive this payment. The company will release its third-quarter earnings on November 9, 2022, followed by a conference call on November 10, 2022. Kinetik also has a Dividend Reinvestment Plan (DRIP) in place to allow shareholders to reinvest dividends into additional shares.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced its transfer of Class A Common Stock to the New York Stock Exchange (NYSE) from Nasdaq. Trading on NYSE will commence on October 24, 2022, under the existing ticker symbol 'KNTK.' Until October 21, 2022, Kinetik's shares will continue trading on Nasdaq before being delisted. The CEO, Jamie Welch, and management will commemorate the listing by ringing the NYSE opening bell, also marking the one-year anniversary of Kinetik's formation from a business combination of Altus Midstream Company and BCP Raptor Holdco LP.
Kinetik Holdings Inc. (NASDAQ: KNTK) has revised its 2022 Pro Forma Adjusted EBITDA guidance upwards to $820 million to $840 million, reflecting a 5% increase. The company completed a $3.0 billion sustainability-linked refinancing, retiring all existing debt, and issued a new $1.25 billion revolving credit facility. The Permian Highway Pipeline expansion has been greenlit, with completion expected by November 2023. Kinetik processed natural gas volumes of 1.16 Bcf/d for Q2 2022, reporting net income of $131.4 million and Pro Forma Free Cash Flow of $127 million for the same period.
Kinetik Holdings declared a cash dividend of $0.75 per share for Q2 2022, aligning with prior communications. The annualized total is $3.00 and will be paid on August 17, 2022, to shareholders recorded by close on August 5, 2022. The company will hold a conference call on August 10, 2022, at 8:00 am CDT to discuss second quarter results. Kinetik also completed the accelerated redemption of its Series A Preferred, further enhancing cash flow. A Dividend Reinvestment Plan is in place, with significant reinvestment from major stakeholders.
Kinetik Holdings (NASDAQ: KNTK) announced the successful completion of a comprehensive refinancing involving a new $1.25 billion unsecured revolving credit facility and a $2.0 billion unsecured term loan A facility. This refinancing leads to a fully unsecured capital structure.
Kinetik also issued $1.0 billion in sustainability-linked senior notes due 2030, aimed at enhancing liquidity and aligning with sustainability performance targets. Additionally, Kinetik's Class A Common Stock will begin trading on a stock split adjusted basis from June 9, 2022, following a two-for-one stock split.
