BlackRock Files Schedule 13G/A for 6.42M Kinetik Shares (10.4%)

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 6,421,844 shares of Kinetik Holdings Inc. Class A stock, representing 10.4% of the class. The filing states BlackRock has sole voting power over 6,333,038 shares and sole dispositive power over 6,421,844 shares. The disclosure is filed on an amendment to Schedule 13G and includes exhibits for power of attorney and Item 7 information. The filing affirms the securities were acquired in the ordinary course of business and not to influence control of the issuer.

Positive

• Clear disclosure of beneficial ownership amounting to 6,421,844 shares (10.4%)
• Sole voting and dispositive power reported for the majority of the stake, simplifying governance clarity
• Filing under Schedule 13G with certification that holdings are passive and in the ordinary course of business

Negative

• Material ownership concentration at 10.4% could be influential in shareholder matters despite passive filing
• Filing does not identify any other persons with >5% interests who may share economic rights, limiting transparency on ultimate beneficiary distribution

Insights

Financial Analyst

TL;DR: A large passive stake: BlackRock holds 10.4% of KNTK, signaling notable institutional ownership without apparent control intent.

BlackRock's reported 10.4% beneficial ownership is material for shareholders because it exceeds the 5% reporting threshold and may affect liquidity and shareholder composition. The filing shows near-complete sole voting and dispositive power for the shares reported, which indicates BlackRock can vote and sell the holdings independently. The certification that holdings are in the ordinary course of business aligns with a passive investor posture under Schedule 13G rules.

Corporate Governance Expert

TL;DR: Institutional ownership above 10% is significant for governance dynamics but the filer asserts no intent to influence control.

From a governance perspective, a single institutional holder with sole voting power over more than 10% can be influential in close shareholder votes despite Schedule 13G's passive classification. The filing includes required exhibits and a power of attorney, indicating standard compliance. There is no disclosure here of coordinated group action or plans to change management or strategy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Kinetik Holdings Inc.

(Name of Issuer)

Class A Stock

(Title of Class of Securities)

02215L209

(CUSIP Number)

08/29/2025

(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)

SCHEDULE 13G

CUSIP No. 02215L209

1

Names of Reporting Persons

BlackRock, Inc.

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 6,333,038.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,421,844.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,421,844.00

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)

10.4 %

12

Type of Reporting Person (See Instructions)

HC, HC

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, TEXAS, 77056
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Class A Stock
(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: 6,421,844
(b)	Percent of class: 10.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,333,038
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,421,844
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Class A stock of Kinetik Holdings Inc.. No one person's interest in the Class A stock of Kinetik Holdings Inc. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	09/04/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many Kinetik Holdings (KNTK) shares does BlackRock own?

BlackRock reports beneficial ownership of 6,421,844 shares of Class A stock.

What percentage of KNTK does BlackRock own according to this filing?

The filing states BlackRock owns 10.4% of the Class A shares.

Does BlackRock have voting control over the shares reported in this Schedule 13G/A?

Yes; BlackRock reports sole voting power for 6,333,038 shares and sole dispositive power for 6,421,844 shares.

Is BlackRock claiming the shares were acquired to influence control of Kinetik?

No; the filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control.

When was the Schedule 13G/A signed for KNTK?

The signature on the filing is dated 09/04/2025 by Spencer Fleming, Managing Director of BlackRock, Inc.