Goldman Sachs Asset Management (KNTK) reports 4.7% beneficial stake in Kinetik

Rhea-AI Filing Summary

Goldman Sachs Asset Management, L.P. reports its beneficial ownership position in Kinetik Holdings Inc. Class A common stock. The firm reports 3,490,511.47 shares beneficially owned, representing 4.7% of the Class A common stock outstanding. It has 0 shares with sole voting or dispositive power and 3,457,629.47 shares with shared voting power and 3,490,511.47 shares with shared dispositive power. The filer characterizes its holdings as ownership of 5 percent or less of the class and includes a joint filing agreement and a disclaimer that certain Goldman Sachs operating units may be deemed to beneficially own securities for clients and investment entities, while those units disclaim beneficial ownership of such securities.

Key Figures

Beneficially owned shares: 3,490,511.47 shares Percent of class: 4.7% Shared voting power: 3,457,629.47 shares +2 more

5 metrics

Beneficially owned shares 3,490,511.47 shares Aggregate amount beneficially owned by Goldman Sachs Asset Management in Kinetik Class A common stock

Percent of class 4.7% Percent of Kinetik Holdings Inc. Class A common stock beneficially owned

Shared voting power 3,457,629.47 shares Number of Kinetik shares over which Goldman Sachs Asset Management has shared voting power

Shared dispositive power 3,490,511.47 shares Number of Kinetik shares over which Goldman Sachs Asset Management has shared dispositive power

Ownership threshold status 5 percent or less Ownership of 5 percent or less of a class as indicated in Item 5

Key Terms

beneficial ownership, shared voting power, shared dispositive power, joint filing agreement, +2 more

6 terms

beneficial ownership financial

"this filing reflects the securities beneficially owned by certain operating units"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"Shared Voting Power 3,457,629.47"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 3,490,511.47"

joint filing agreement regulatory

"the undersigned agree to the joint filing of a Statement"

Rule 13d-1(k)(1) regulatory

"In accordance with Rule 13d-1(k)(1) promulgated"

disclaim beneficial ownership financial

"The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities"

FAQ

What percentage of KNTK Class A shares does Goldman Sachs Asset Management report owning?

Goldman Sachs Asset Management reports beneficial ownership of 4.7% of Kinetik Holdings Inc. Class A common stock. This is based on 3,490,511.47 shares reported as beneficially owned, characterized as ownership of 5 percent or less of the class.

How many KNTK shares does Goldman Sachs Asset Management report as beneficially owned?

Goldman Sachs Asset Management reports beneficial ownership of 3,490,511.47 Kinetik Holdings Inc. Class A shares. All reported shares are subject to shared dispositive power, with no shares under sole voting or dispositive control by the filer.

Does Goldman Sachs Asset Management have sole voting power over any KNTK shares?

Goldman Sachs Asset Management reports 0 Kinetik Holdings Inc. shares with sole voting power. It reports 3,457,629.47 shares with shared voting power, reflecting that voting authority is exercised jointly rather than solely.

What is the difference between voting and dispositive power reported for KNTK by Goldman Sachs Asset Management?

The filer reports 3,457,629.47 Kinetik shares with shared voting power and 3,490,511.47 shares with shared dispositive power. Voting power concerns how shares are voted, while dispositive power concerns decisions to sell or otherwise dispose of shares.

Does Goldman Sachs Asset Management disclaim any beneficial ownership in its KNTK filing?

Yes. Certain Goldman Sachs operating units disclaim beneficial ownership of securities held for client accounts and certain investment entities, to the extent those interests are held by persons other than the Goldman Sachs Reporting Units.

What joint filing arrangement is disclosed related to KNTK and Goldman Sachs Asset Management?

A joint filing agreement under Rule 13d-1(k)(1) authorizes the parties to file a single Schedule 13G statement and any amendments regarding Kinetik Holdings Inc. Class A common stock on each other’s behalf.

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Available on EDGAR 08/11/2026 - 08:27 PM Accepted by SEC EDGAR 08/11/2026 - 08:26 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

KINETIK HOLDINGS INC.

(Name of Issuer)

Class A common stock, $0.0001 par value

(Title of Class of Securities)

02215L209

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 02215L209

1

Names of Reporting Persons

Goldman Sachs Asset Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,457,629.47
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,490,511.47

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,490,511.47

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KINETIK HOLDINGS INC.
(b)	Address of issuer's principal executive offices: 2700 Post Oak Blvd, Suite 300 Houston, X1, 77056-4400
Item 2.
(a)	Name of person filing: GOLDMAN SACHS ASSET MANAGEMENT
(b)	Address or principal business office or, if none, residence: Goldman Sachs Asset Management 200 West Street New York, NY 10282
(c)	Citizenship: GOLDMAN SACHS ASSET MANAGEMENT, L.P. - Delaware
(d)	Title of class of securities: Class A common stock, $0.0001 par value
(e)	CUSIP No.: 02215L209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Goldman Sachs Asset Management, L.P.

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	07/17/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A common stock, $0.0001 par value of KINETIK HOLDINGS INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2026 GOLDMAN SACHS ASSET MANAGEMENT, L.P. By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact "EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the ""Release""), this filing reflects the securities beneficially owned by certain operating units (collectively, the ""Goldman Sachs Reporting Units"") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, ""GSG""). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units."