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.
The Kinetik Holdings Inc. (NYSE: KNTK) news page on Stock Titan aggregates company-issued updates and related coverage focused on this Permian-to-Gulf Coast midstream C-corporation. Kinetik’s press releases emphasize its role in the Delaware Basin, where it provides gathering, transportation, compression, processing and treating services for producers of natural gas, natural gas liquids, crude oil and water.
News items for KNTK commonly include quarterly and annual financial and operating results, where Kinetik reports metrics such as net income, Adjusted EBITDA, Distributable Cash Flow, Free Cash Flow, capital expenditures, Net Debt and leverage ratios, along with commentary on system volumes and project progress. These releases often discuss performance in its midstream logistics and pipeline transportation activities and provide updates on capital allocation, including dividends and share repurchases.
Investors can also follow project and commercial developments through Kinetik’s news. Recent communications have described construction, commissioning and in-service milestones at the Kings Landing Complex in Eddy County, New Mexico, work on the ECCC Pipeline connecting parts of the Delaware North and Delaware South systems, and integration of acquired gathering systems in Reeves County, Texas. Other releases cover commercial agreements such as gas gathering and processing contracts, residue gas connections to power generation facilities, and LNG-related pricing arrangements.
Corporate and governance updates appear in KNTK news as well, including leadership changes, board appointments, listing developments such as the dual listing on NYSE Texas, and announcements of quarterly dividends and the company’s Dividend Reinvestment Plan. For readers tracking Kinetik’s evolving midstream footprint, financial profile and strategic transactions, this news feed offers a centralized view of the company’s public disclosures over time.
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.
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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.
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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.