Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis, for the fourth quarter ended December 31, 2024. The announced quarterly dividend will be paid on Wednesday, February 12, 2025 to shareholders of record as of market close on Monday, February 3, 2025.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation NYSE: PRNYSEPR)
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today announced Todd Carpenter, General Counsel and Chief Compliance Officer, informed Kinetik of his intent to retire from the Company effective February 28, 2025. Mr. Carpenter will continue his current day-to-day responsibilities and ensure a seamless transition. Following his retirement, he will provide ongoing support to the Company. Kinetik has commenced an internal and external search for Mr. Carpenter’s successor and will make an announcement in due course.
Diamondback Energy and Kinetik Holdings acquire 30% stake in EPIC Crude, enhancing its growth and financial profile. EPIC Crude to be preferred pipeline for Diamondback's expanded crude portfolio.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) published its 2023 Sustainability Report (the “Report”), highlighting its sustainability initiatives, advancements and achievements throughout 2023. The Report provides a transparent and comprehensive review of Kinetik’s progress towards a safer, cleaner, and more reliable energy future and its continued commitment to sustainability and responsible corporate practices.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 7, 2024 to shareholders of record as of market close on Monday, July 29, 2024.
Investment funds managed by Morgan Stanley Energy Partners, announced today the closing of the sale of Durango Permian LLC (“Durango Permian” or the “Company”) to a subsidiary of Kinetik Holdings Inc. (“Kinetik”; NYSE: KNTK). Consideration for the Durango Permian sale includes a combination of cash and equity, including contingent consideration payable upon the successful commissioning of Durango Permian’s Kings Landing Gas Gathering and Processing Development (“Kings Landing”). Durango Permian, a subsidiary of Durango Midstream LLC (“Durango”), is a leading gas gathering, processing, and carbon dioxide (“CO2”) sequestration business operating in the Permian Basin of southeast New Mexico. Durango is majority-owned by funds managed by Morgan Stanley Energy Partners.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today completed its previously announced acquisition of Durango Permian LLC (“Durango”), a robust platform with exciting potential in the Northern Delaware Basin.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today announced the completion of its previously announced sale and direct transfer of its 16% equity interest in the Gulf Coast Express pipeline to an affiliate of ArcLight Capital Partners LLC for $510 million in upfront cash and an additional $30 million deferred cash payment due upon a final investment decision on a capacity expansion project.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) today announced it has entered into a series of agreements under which Kinetik will (i) acquire Durango for an aggregate $765 million of cash and equity with up to $75 million of contingent consideration tied to the capital cost for the Kings Landing complex (“Kings Landing”), which is currently under construction, (ii) provide low-pressure and high-pressure natural gas gathering and processing services under a newly executed, 15-year agreement with a large existing Kinetik customer in Eddy County, New Mexico, an approximately $200 million capital investment through 2026, and (iii) divest its 16% equity interest in GCX for 100% cash for a total of $540 million.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the first quarter ended March 31, 2024. The announced quarterly dividend is consistent with prior communications and will be paid on Thursday, May 9, 2024 to shareholders of record as of market close on Monday, April 29, 2024.
Kinetik Holdings Inc. (NYSEKNTK) (“Kinetik” or the “Company”) announced the appointment of William (“Bill”) Ordemann to the Kinetik Board of Directors, effective April 3, 2024. Mr. Ordemann will serve as a member of the Audit and Governance & Sustainability Committees.
