Kinetik Holdings Inc. filings document the company’s midstream operating results, capital structure, material agreements, governance matters, and shareholder voting items. Form 8-K reports furnish quarterly and annual financial and operating results, guidance, customer and commercial agreements, project approvals, and amendments to financing arrangements such as the accounts receivable securitization facility.
Proxy materials disclose board matters, executive compensation, equity awards, and shareholder votes. Other filings describe the company’s Class A common stock listing, officer transitions and compensatory arrangements, and registration statement disclosures tied to the dividend reinvestment plan.
Kinetik Holdings Inc. outlines its 2025 performance as an integrated midstream operator focused on the Permian Basin, with over 2.4 Bcf/d of gas processing capacity and extensive gathering, NGL and crude systems in Texas and New Mexico.
Major 2025 actions included the $175.5 million Barilla Draw bolt-on acquisition, adding crude and gas gathering, and the EPIC sale, where Kinetik received $504.2 million in cash and recorded a $415.4 million net gain on its 27.5% interest.
The company refinanced its capital structure via $250.0 million of additional 6.625% 2028 sustainability-linked notes, a new $1.15 billion term loan maturing 2028, and a $1.60 billion revolver maturing 2030, while retiring its 2022 credit facilities. As of February 20, 2026, Class A and Class C shares outstanding were 64,590,736 and 97,557,604, respectively.
Kinetik Holdings reported strong fourth quarter and full year 2025 results and issued 2026 guidance. Net income including noncontrolling interest was $416.7M for Q4 and $525.9M for 2025. Adjusted EBITDA reached a record $987.7M for 2025, with Q4 Adjusted EBITDA of $252.1M. Distributable Cash Flow was $151.7M for Q4 and $620.5M for the year, supporting a Dividend Coverage Ratio of 1.2x. Free Cash Flow was negative $12.0M in Q4 and $167.2M for 2025, reflecting heavy growth spending of $497.1M in capital expenditures. Net debt stood at $3.81B with a leverage ratio of 3.8x, and the company repurchased $176.0M of Class A stock in 2025.
For 2026, Kinetik guides Adjusted EBITDA between $950M and $1.05B, about 7% growth at the midpoint versus 2025 excluding EPIC Crude contributions. Planned 2026 capital expenditures are $450M–$510M, focused largely on New Mexico projects, the ECCC Pipeline, Kings Landing sour gas facilities, and a 40 MW behind-the-meter power project at Diamond Cryo.
Kinetik Holdings Inc. executive Ellis Lindsay reported equity awards that increase his direct stake in the company. On February 20, 2026, he received 10,676 shares of Class A common stock in the form of restricted stock units that generally vest on January 1, 2029, subject to continued service.
He also acquired 5,338 performance share units (PSUs), each representing a contingent right to one share of Class A common stock, with 0% to 200% of the target PSUs eligible to vest based on total shareholder return from January 1, 2026 through December 31, 2028. In addition, 129 PSUs reflect dividend equivalent shares accrued on prior PSU awards under the company’s dividend and distribution reinvestment plan.
Stellato Steven reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that officer Steven Stellato received new equity awards on February 20, 2026. He was granted 20,226 shares of Class A common stock in the form of restricted stock units under the company’s Amended and Restated 2019 Omnibus Compensation Plan, which generally vest on January 1, 2029 if he continues his service.
He also received 10,113 performance share units (PSUs), each representing the right to one share of Class A common stock. Between 0% and 200% of these PSUs may vest based on his continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. In addition, 618 dividend-equivalent PSUs were credited on earlier PSUs, which can be settled in Class A common stock when the underlying units vest.
Howard Trevor reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that officer Howard Trevor received new equity awards tied to future performance and service. He was granted 19,606 shares of Class A Common Stock in the form of restricted stock units under the company’s omnibus compensation plan, which generally vest on January 1, 2029 if he remains with the company.
Trevor was also granted 9,803 performance share units (PSUs), each representing a contingent right to one share of Class A Common Stock. Between 0% and 200% of these PSUs may vest based on his continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. In addition, he accrued 291 dividend-equivalent PSUs, which mirror the vesting and settlement terms of the underlying PSUs and are payable in Class A Common Stock on a one-for-one basis when the related units vest.
Kinetik Holdings Inc. director and officer Jamie Welch reported stock-based compensation awards and related share accruals. On February 20, 2026, Welch received 42,635 performance share units (PSUs), each representing a contingent right to one share of Class A common stock, with 0–200% of the target eligible to vest based on the company’s annualized total shareholder return from January 1, 2026, through December 31, 2028.
Welch also acquired 3,592 dividend-equivalent PSUs tied to previously granted PSUs, and awards of Class A common stock totaling 56,846 shares at no cost, which are described as restricted stock units vesting generally on January 1, 2027 and January 1, 2029, subject to continued service. Footnotes note additional small accumulations of Class A shares through the dividend reinvestment plan, a 401(k) account, and Welch’s spouse’s retirement account.
Wall Matthew reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that officer Matthew Wall received new equity awards on February 20, 2026. He was granted 13,005 Performance Share Units (PSUs), plus 631 additional PSUs credited as dividend equivalents, each representing a contingent right to one share of Class A common stock.
The PSUs can ultimately vest between 0% and 200% of the target amount based on continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. Wall also received 26,010 shares of Class A common stock through an RSU award that will generally vest on January 1, 2029, subject to continued service.
Kinetik Holdings Inc. (KNTK) reported an equity award to its chief executive. On 01/02/2026, the CEO, President and Director received 23,016 shares of Class A Common Stock at a price of $0 through an award of restricted stock units (RSUs) under the Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan. These RSUs will generally vest on January 1, 2027, subject to the executive's continued employment, and may be settled in Class A Common Stock on a one-for-one basis.
Following this award, the executive beneficially owns 3,710,807 shares of Class A Common Stock directly, 1,462 shares through a spouse's individual retirement account, and 1,772 shares through an individual 401(k) account.
Kinetik Holdings Inc. executive EVP, COO reported routine equity compensation activity and related share withholding. On 01/02/2026, the reporting person acquired 3,776 shares of Class A common stock at $0, reflecting restricted stock units granted under the company’s Amended and Restated 2019 Omnibus Compensation Plan that generally vest on January 1, 2027, subject to continued employment. On the same date, 8,083 Class A shares were disposed of at $36.05 per share, representing shares withheld by the issuer to cover tax liabilities from earlier RSU vesting. After these transactions, the executive directly owned 554,738 Class A shares and 18,666 performance share units, including 1,245 units accrued as dividend equivalents, all generally settled in Class A stock on a one-for-one basis when vested.
Kinetik Holdings Inc. reported insider equity awards and related share withholding for an executive officer. On January 2, 2026, the executive received 3,596 shares of Class A common stock as restricted stock units at a stated price of $0, which generally vest on January 1, 2027, subject to continued employment. On the same date, 11,972 shares were withheld at $36.05 per share to cover tax obligations from earlier RSU vesting events.
The filing also shows 1,219 dividend equivalent units credited on previously granted performance share units, tied to Kinetik’s dividend reinvestment arrangements. These correspond to 18,346 shares of Class A common stock underlying the performance share units. After these transactions, the executive beneficially owns 368,818 shares of Class A common stock directly.