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.
Arcadium Lithium plc (ALTM) maintains this dedicated news hub as the authoritative source for corporate developments in lithium chemicals production and advanced battery materials innovation. Our vertically integrated operations – spanning extraction, refining, and lithium metal manufacturing – drive updates ranging from strategic acquisitions to technological breakthroughs.
Investors and industry professionals will find comprehensive coverage of earnings announcements, operational milestones, and market expansion initiatives. Key focus areas include our direct lithium extraction (DLE) advancements, specialty chemical innovations, and global production capacity updates following strategic moves like the Li-Metal Corp technology integration.
This resource consolidates all essential ALTM developments including financial reports, partnership announcements, and production updates from our global facilities. Bookmark this page for streamlined access to verified information about our lithium carbonate hydroxide production, battery material formulations, and sustainable extraction methodologies.
Kinetik Holdings has announced its 2022 Guidance, projecting Adjusted EBITDA between $770 million and $810 million, with approximately $25 million of cost synergies expected. Key developments include the completion of a super-system interconnect by June 2022 and plans for a full redemption of Series A preferred shares by year-end, supported by a 100% reinvestment of dividends from Core Shareholders. Capital expenditures are estimated at $125 million to $150 million, with a potential dividend increase of at least 5% starting in 2023.
Kinetik Holdings announced the completion of its business combination with Altus Midstream and BCP, creating an integrated midstream company.
Kinetik will trade on NASDAQ under the symbol KNTK starting February 23, 2022. The new structure includes 75% ownership by BCP unitholders and 5% by existing Altus shareholders. Apache Corporation's ownership is reduced to 20%. The company aims to achieve a strong financial profile with a focus on gas gathering in the Delaware Basin, targeting a net zero GHG emissions goal by 2050.
Altus Midstream Company (Nasdaq: ALTM) released its fourth-quarter and full-year 2021 results on February 21, 2022. The company operates as a midstream C-corporation, focusing on gas gathering, processing, and transmission assets in the Delaware Basin and holds interests in four key pipelines from the Permian to the Gulf Coast. Investors can access the detailed financial results on Altus's investor relations website.
Altus Midstream Company has announced a business combination with BCP Raptor Holdco, LP, with over 99% of shareholders voting in favor. The merger, expected to close around February 22, 2022, will result in the combined entity being named Kinetik and trading under the new ticker KNTK. Following the merger, Altus will issue 50 million Class C common shares, leading to BCP’s unitholders owning approximately 75% of the new company. Current public shareholders will retain about 5% ownership.
Altus Midstream Company (Nasdaq: ALTM) has filed its definitive proxy statement with the SEC regarding its business combination with BCP Raptor Holdco LP. The record date for stockholders is set for January 10, 2022, with a stockholder meeting scheduled for February 10, 2022, to vote on the merger. The business combination is anticipated to close in mid-February 2022, pending stockholder approval and other conditions. Stockholders are urged to review the proxy statement available at www.sec.gov for detailed information.
Altus Midstream Company (Nasdaq: ALTM) announced its third-quarter 2021 results on November 3, highlighting key developments in its operations. The company operates as a midstream C-corporation focused on gas gathering, processing, and transmission in the Delaware Basin, and owns interests in four Permian-to-Gulf Coast pipelines. A conference call will be held on November 4 at 1 p.m. Central time to discuss these results, available via webcast and telephone replay.
Altus Midstream Company (Nasdaq: ALTM) has declared a cash dividend of $1.50 per share on its Class A common shares, payable on Dec. 30, 2021, to shareholders of record by Nov. 30, 2021. This represents a full-year dividend of $6 per share for 2021. Altus Midstream operates as a midstream C-corporation in the Permian-to-Gulf Coast region, owning gas gathering, processing, and transmission assets along with equity interests in various pipelines.
Altus Midstream Company (Nasdaq: ALTM) announced a merger with BCP Raptor Holdco LP to form the largest integrated midstream company in the Delaware Basin, with an estimated enterprise value of $9 billion. The combined entity will manage approximately 2 Bcf per day of natural gas processing and benefit from a diverse customer base with over 30 investment-grade counterparties. Altus aims to maintain a $6 annual dividend through 2023, with a projected 5% growth afterward. The company anticipates annual EBITDA synergies of at least $50 million by 2023.
Altus Midstream Company (Nasdaq: ALTM) will hold its third-quarter 2021 results conference call on November 4, 2021, at 1 p.m. Central time. The earnings release will be available after market close on November 3. Interested parties can access the earnings release and the live webcast on Altus' website. A telephone playback will be available for one week starting at 6 p.m. Central time on the same day. For playback, dial (855) 859-2056 or (404) 537-3406 with access code 4064034.
Altus Midstream Company (Nasdaq: ALTM) announced its second-quarter 2021 results on August 4, 2021. Detailed results can be accessed on the company's investor website. A conference call to discuss the results is scheduled for August 5 at 1 p.m. Central time. The company operates in the midstream sector, focusing on gas gathering and processing in the Delaware Basin, and holds interests in multiple pipelines from the Permian to the Gulf Coast.
FAQ
What is the current stock price of ARCADIUM LITHIUM PLC (ALTM)?
What is the market cap of ARCADIUM LITHIUM PLC (ALTM)?
