Welcome to our dedicated page for ARCADIUM LITHIUM PLC news (Ticker: ALTM), a resource for investors and traders seeking the latest updates and insights on ARCADIUM LITHIUM PLC stock.
The Arcadium Lithium plc (ALTM) news feed on Stock Titan provides an archive of company announcements and market updates from a former standalone lithium chemicals producer that has since been acquired by Rio Tinto. These releases document how Arcadium Lithium described its business, its role in the lithium supply chain and the steps leading to its acquisition.
In its news, Arcadium Lithium presents itself as a global lithium chemicals producer focused on safely and responsibly harnessing lithium to support renewable energy, electric transportation and modern life. The company highlights its vertically integrated capabilities across hard-rock mining, conventional brine extraction, direct lithium extraction (DLE) and lithium chemicals manufacturing for high performance applications. It also notes that it has operations and projects in Argentina, Australia, Canada, China, Japan, the United Kingdom and the United States.
Investors reviewing ALTM news can follow several key themes. Earnings releases provide detail on revenue and volumes for lithium hydroxide and lithium carbonate, butyllithium and other lithium specialties, and spodumene concentrate. Transaction-related updates trace the progression of the all-cash acquisition by Rio Tinto, including shareholder approvals, regulatory clearances in multiple jurisdictions and court proceedings in Jersey. A Rio Tinto announcement confirms completion of the acquisition, explains that Arcadium Lithium will become Rio Tinto Lithium and notes that Arcadium Lithium’s shares and CHESS Depositary Receipts will be delisted from the NYSE and ASX.
This historical news archive helps readers understand how Arcadium Lithium positioned itself in the lithium market, how its financial performance evolved over time and how the acquisition by Rio Tinto and related index changes, such as its deletion from the S&P MidCap 400, were communicated to the market.
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.
Summary not available.
Summary not available.
Kinetik Holdings has announced a two-for-one stock split aimed at enhancing liquidity and making the stock more accessible to investors. The split will occur through a stock dividend, providing one additional share for each existing share, effective June 8, 2022. Post-split, Kinetik will have approximately 135 million shares outstanding, with a planned quarterly dividend of $0.75 per share starting from the second quarter of 2022. This initiative reflects the company's strategy to improve shareholder value and attract new investors.
Summary not available.
Kinetik Holdings Inc. announced strong financial results for Q1 2022, emphasizing robust operational execution following its merger with Altus Midstream on February 22, 2022. The company processed 1.11 Bcf/d of natural gas, generating Pro Forma Adjusted EBITDA of $191 million, distributable cash flow of $145 million, and free cash flow of $119 million. Kinetik also signed new agreements for 360 MMcf/d and plans expansions for the Permian Highway and Gulf Coast Express pipelines. The declared dividend is $1.50 per share, payable on May 17, 2022, with ongoing efforts to reduce outstanding preferred units.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced a cash dividend of $1.50 per share for Q1 2022, amounting to an annualized total of $6.00. This consistent dividend will be paid on May 17, 2022 to shareholders of record by May 5, 2022. The company will also hold a conference call on May 11, 2022 to discuss its Q1 results, with the earnings release issued after market close on May 10, 2022. Additionally, Kinetik has implemented a voluntary Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends into additional shares.
Kinetik Holdings announced the closing of a secondary offering of 4,000,000 shares of Class A common stock at $58.00 per share, fully exercising the underwriter’s option for an additional 521,739 shares. The offering was conducted by Apache Midstream LLC as the selling stockholder, with no shares sold by Kinetik itself, meaning the company received no proceeds. Notable financial institutions acted as joint lead managers for the offering. A registration statement for the securities was filed and declared effective by the SEC.
Kinetik Holdings Inc. (NASDAQ: KNTK) announced an upsized secondary offering of 3,478,261 shares of its Class A common stock at $58.00 per share, led by Apache Midstream LLC. The offering was increased from an original size of 2,500,000 shares due to high investor demand. Kinetik will not sell any shares and will not receive proceeds from the sale. A 30-day option for underwriters to purchase an additional 521,739 shares is included. The offering is managed by BofA Securities, J.P. Morgan, and Morgan Stanley among others.
Kinetik Holdings announced a secondary offering of 2,500,000 shares of Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corporation. Kinetik will not sell any shares or receive proceeds from this offering. A 30-day option for underwriters to purchase an additional 375,000 shares is included. The offering is subject to market conditions and managed by BofA Securities, J.P. Morgan, and Morgan Stanley. This information is detailed in a prospectus supplement available upon request.