Kinetik Holdings

Kinetik Holdings, Inc. provides oil and gas production and distribution services. It also provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. The company is headquartered in Houston, TX.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Kinetik Holdings, Inc. provides oil and gas production and distribution services. It operates through the Midstream Logistics and Pipeline Transportation segments. The Midstream Logistics segment is involved in the following service offerings: gas gathering and processing, crude oil gathering, stabilization and storage services, and water gathering and disposal. The Pipeline Transportation segment focuses on the equity investment interests in four Permian Basin pipelines that access various points along the Texas Gulf Coast, Brandywine NGL Pipeline, and the Delaware Link Pipeline that is under development. The company was founded in 2012 and is headquartered in Houston, TX.

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today completed its previously announced acquisition of Durango Permian LLC (“Durango”), a robust platform with exciting potential in the Northern Delaware Basin. Kinetik funded the cash consideration of the Durango acquisition with cash proceeds from the divestiture of its 16% equity interest in Gulf Coast Express pipeline (“GCX”), which was completed on June 4, 2024. As a result of the a.

Kinetik Completes Acquisition of Durango Midstream's New Mexico Gathering and Processing System

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced the completion of its previously announced sale and direct transfer of its 16% equity interest in the Gulf Coast Express pipeline to an affiliate of ArcLight Capital Partners LLC for $510 million in upfront cash and an additional $30 million deferred cash payment due upon a final investment decision on a capacity expansion project. The cash proceeds will be used for general.

Kinetik Completes Divestiture of Its Equity Interest in Gulf Coast Express Pipeline

Kinetik's recent acquisition of Durango Midstream is a lucrative EBITDA boosting transaction. The deal also opens several expansion opportunities for Kinetik. The dividend has an ample safety margin and the company is taxed as a C-Corp.

Kinetik Holdings: M&A Deals And A 7.2% Yield Spells Profits

Kinetik's (KNTK) acquisition of Durango doubles its gathering pipeline mileage and expands processing capacity by 420 MMcf/d.

Kinetik (KNTK) to Expand Operations in North Delaware Basin

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a series of agreements under which Kinetik will (i) acquire Durango for an aggregate $765 million of cash and equity with up to $75 million of contingent consideration tied to the capital cost for the Kings Landing complex (“Kings Landing”), which is currently under construction, (ii) provide low-pressure and high-pressure natural gas gathering and proce.

The Next Chapter: $1 Billion of Strategic, Accretive Northern Delaware Transactions and Divestiture of its 16% Interest in the Gulf Coast Express Pipeline

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Results and Commentary For the three months ended March 31, 2024, Kinetik processed natural gas volumes of 1.53 Bcf/d and reported net income of $35.4 million. Kinetik generated Adjusted EBITDA1 of $233.6 million, Distributable Cash Flow1 of $154.5 million, and Free Cash Flow1 of $107.5 million for th.

Kinetik Reports First Quarter 2024 Financial and Operating Results

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces First Quarter Dividend and Financial Results Timing.

Kinetik Announces First Quarter Dividend and Financial Results Timing

Long-term agreement represents a new model for delivering decarbonization benefits across heavy transport and chemical industries SACRAMENTO, Calif. , April 16, 2024 /PRNewswire/ -- eFuels leader, Infinium, has reached an agreement with a subsidiary of midstream energy company  Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik") to purchase carbon dioxide ("CO2") captured from Kinetik's gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels ("eFuels").

Infinium and Kinetik Reach Innovative CO2 Utilization Agreement to Advance eFuels Production

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces Changes to Its Board of Directors.

Kinetik Announces Changes to Its Board of Directors

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, National Association for a $150 million accounts receivable securitization facility (“A/R Facility”) which matures April 2025 with an ongoing renewal mechanism. The initial borrowing base of $150 million will vary with the value of the Company's accounts receivable balance. Borrowings under the A/R Fa.

Kinetik Executes New Accounts Receivable Securitization Facility

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $33.75 per share. Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the.

Kinetik Announces Pricing of Secondary Offering of Common Stock

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation. Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder. In con.

Kinetik Announces Secondary Offering of Common Stock

Kinetik Holdings Inc. (KNTK) Q4 2023 Earnings Call Transcript

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2023. 2023 Results and Commentary For the three and twelve months ended December 31, 2023, Kinetik processed natural gas volumes of 1.54 Bcf/d and 1.45 Bcf/d, respectively, and reported net income including non-controlling interest of $267.4 million and $386.5 million, respectively. Kinetik generated Adjusted EBIT.

Kinetik Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Provides 2024 Guidance

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Kinetik Holdings: A High Yield Permian Basin Play

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth quarter ended December 31, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, March 7, 2024 to shareholders of record as of market close on Thursday, February 22, 2024. Kinetik will host its fourth quarter 2023 results conference call on Th.

Kinetik Announces Fourth Quarter Dividend and Financial Results Timing

Kinetik Holdings is an energy firm that offers comprehensive gathering, processing, and transportation services in the Permian Basin. The company has experienced significant revenue growth in the past three years, driven by robust demand for oil and natural gas. KNTK has been consistently paying dividends and has a solid dividend yield of 8.94%, making it an attractive stock for dividend seeking investors.

Kinetik Holdings: Hold This Stock For Solid Dividend Yield

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $300 million sustainability-linked senior notes due 2028 (the “Senior Notes”). The size of the offering was increased from the previously announced $200 million to $300 million. The Senior Notes were priced at 100.500% of par, plus accrued and unpaid interest from December 6, 2023. The S.

Kinetik Prices Upsized $300 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $200 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Senior Notes are being off.

Kinetik Announces $200 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes due 2028

Kinetik Holdings Inc (NYSE:KNTK ) Q3 2023 Results Conference Call November 9, 2023 9:00 AM ET Company Participants Maddie Wagner - Head of Investor Relations Jamie Welch - President and Chief Executive Officer Trevor Howard - Chief Financial Officer Conference Call Participants Michael Blum - Wells Fargo Tristan Richardson - Scotiabank Neel Mitra - Bank of America Operator Good morning, everyone, and welcome to the Kinetic Third Quarter 2023 Results Call. My name is Carla, and I will be coordinating your call.

Kinetik Holdings Inc (KNTK) Q3 2023 Earnings Call Transcript

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2023. Third Quarter 2023 Results and Commentary For the three and nine months ended September 30, 2023, Kinetik processed natural gas volumes of 1.49 Bcf/d and 1.44 Bcf/d, respectively, and reported net income including noncontrolling interest of $43.1 million and $119.1 million, respectively. Kinetik generated Adjusted E.

Kinetik Reports Third Quarter 2023 Financial and Operating Results

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third quarter ended September 30, 2023. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, November 22, 2023 to shareholders of record as of market close on Monday, November 13, 2023. Kinetik will host its third quarter 2023 results conference call on.

Kinetik Announces Third Quarter Dividend and Financial Results Timing

Kinetik Holdings Inc. (KNTK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Kinetik Holdings Inc. (KNTK) Q3 Earnings Expected to Decline

Kinetik Holdings has a high amount of debt, which has affected its margins and may lead to share dilution. KNTK operates in the Permian Basin and is embarking on ambitious expansion projects, but managing the financial aspects will be critical for growth. Earnings results for the company were mixed, but the dividend is currently over 11% and sustainable at a payout ratio of 74%.

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