Kinetik Holdings

Kinetik Holdings, Inc. provides oil and gas production and distribution services. It also provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. The company is headquartered in Houston, TX.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Kinetik Holdings, Inc. provides oil and gas production and distribution services. It operates through the Midstream Logistics and Pipeline Transportation segments. The Midstream Logistics segment is involved in the following service offerings: gas gathering and processing, crude oil gathering, stabilization and storage services, and water gathering and disposal. The Pipeline Transportation segment focuses on the equity investment interests in four Permian Basin pipelines that access various points along the Texas Gulf Coast, Brandywine NGL Pipeline, and the Delaware Link Pipeline that is under development. The company was founded in 2012 and is headquartered in Houston, TX.

Kinetik Holdings offers a high dividend yield but carries risks of dilution posed by their dividend reinvestment program, as my previous article warned. When looking at their subsequently released financial results, their better-than-expected cash flow performance raises hopes of averting a poor outcome in 2023 when this program ceases.

Kinetik Holdings: Better Than Expected Cash Flow Performance Raises Hopes

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Kinetik Holdings Inc. (NASDAQ:KNTK ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Maddie Wagner - IR Jamie Welch - President and CEO Matt Wall - COO Anne Psencik - Chief Strategy Officer Steve Stellato - CAO Todd Carpenter - GC Trevor Howard - VP of Finance Kris Kindrick - VP of Commercial Tyler Milam - VP of Commercial Conference Call Participants Gabe Moreen - Mizuho Neel Mitra - Bank of America Operator Hello, everyone. And thank you for joining the Kinetik Second Quarter 2022 Results Call.

Kinetik Holdings Inc. (KNTK) CEO Jamie Welch on Q2 2022 Results - Earnings Call Transcript

HOUSTON and MIDLAND, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended June 30, 2022.

Kinetik Reports Robust Second Quarter 2022 Financial and Operating Results and Increases 2022 Guidance

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HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today published its 2021 Environmental, Social and Governance Report (the “Report”), highlighting the sustainability achievements of its predecessors, Altus Midstream Company (“Altus”) and BCP Raptor Holdco, LP (“BCP”), during the 2021 calendar year. The Report provides a comprehensive review of Kinetik's progress towards advancing a safer, cleaner and more reliable energy future, building a more diverse and inclusive culture, and investing in the communities in which it operates.

Kinetik Publishes 2021 ESG Report and Announces Appointment of Deborah Byers to its Board of Directors

HOUSTON and MIDLAND, Texas, July 20, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 17, 2022 to shareholders of record as of close on Friday, August 5, 2022.

Kinetik Announces Second Quarter Dividend, Financial Results Timing, and the Full Redemption of its Series A Preferred

This recently formed energy company offers a big-time dividend.

1 Ultra-High-Yield Dividend Stock to Put on Your Radar

Altus Midstream merged with EagleClaw Midstream to form Kinetik Holdings, who currently offers what on the surface appears to be a desirable high 8%+ dividend yield. Although when digging deeper, it turns out that the majority of their dividends are being paid via new shares to their largest shareholders.

Kinetik Holdings: Cheap For A Good Reason, Skipping This 8%+ Yield

Kinetik Holdings Inc. (NASDAQ: KNTK) shares lost 50% after announcing the successful completion of a comprehensive refinancing that consists of a new 5-year $1.25B unsecured revolving credit facility, a 3-year $2B unsecured term loan A facility, and also a $1B 5.875% sustainability linked senior notes expected in 2030. Kinetik has a fully unsecured financial structure […] The post Here is why Kinetik dropped 50% appeared first on Invezz.

Here is why Kinetik dropped 50%

KNTK to Begin Trading on NASDAQ on a Stock Split Adjusted Basis Tomorrow KNTK to Begin Trading on NASDAQ on a Stock Split Adjusted Basis Tomorrow

Kinetik Completes Successful Comprehensive Refinancing Plan

HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $1.0 billion sustainability-linked senior notes due 2030 (the “Senior Notes”) at 99.588% of par. The Senior Notes mature on June 15, 2030, pay interest at the rate of 5.875% per year and are payable on June 15 and December 15 of each year. The first interest payment will be made on December 15, 2022. The Senior Notes are fully and unconditionally guaranteed by Kinetik.

Kinetik Prices $1.0 Billion Sustainability-Linked Senior Notes Offering Due 2030

HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer $1.0 billion aggregate principal amount of sustainability-linked senior notes due 2030 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Senior Notes will be fully and unconditionally guaranteed by Kinetik.

Kinetik Announces $1.0 Billion Sustainability-Linked Senior Notes Offering

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Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future

Kinetik Publishes Sustainability-Linked Financing Framework

Kinetik Holdings, Inc. (NASDAQ:KNTK ) Q1 2022 Results Conference Call May 11, 2022 9:00 AM ET Company Participants Maddie Wagner - Director, Investor Relations Jamie Welch - President & Chief Executive Officer Matt Wall - Chief Operating Officer Annie Psencik - Chief Strategy Officer Steve Stellato - Chief Administrative Officer Todd Carpenter - General Counsel Trevor Howard - VP, Finance Kris Kindrick - VP, Commercial Tyler Milam - VP, Commercial Conference Call Participants Spiro Dounis - Credit Suisse Gabe Moreen - Mizuho Neal Mitra - Bank of America Operator Hello everyone and welcome to the Kinetik First Quarter 2022 Earnings Call. My name is Sam and I will be operator for the call today.

Kinetik Holdings, Inc. (KNTK) CEO Jamie Welch on Q1 2022 Results - Earnings Call Transcript

MIDLAND, Texas and HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended March 31, 2022.

Kinetik Reports Strong First Quarter 2022 Financial and Operating Results

Kinetik Holdings Inc (NASDAQ: KNTK) is strong growth and free cash flow story, given its ownership in the Permian natural gas takeaway and latent processing capacity, according to BofA Securities. The Kinetik Holdings Analyst: Neel Mitra initiated coverage of Kinetik Holdings with a Buy rating and.

Why BofA Initiates Kinetic Holdings With Buy Rating

HOUSTON and MIDLAND, Texas, April 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today announced a cash dividend of $1.50 per share ($6.00 on an annualized basis) for the first quarter ended March 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Tuesday, May 17, 2022 to shareholders of record as of the close of market on Thursday, May 5, 2022.

Kinetik Announces First Quarter Dividend, First Quarter 2022 Results Timing and Details of its Dividend Reinvestment Plan

Kinetik Holdings is diluting shareholders through 2022 with the DRIP program, with this cash being used to remove preferred equity.

Kinetik Has Continued Growth Potential, But Be Careful Of Dilution

Kinetik Midstream announced a secondary stock offering of 3.48 million units.

Buy The Secondary Offering Selloff In Kinetik Midstream

MIDLAND, Texas and HOUSTON, March 11, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the closing of the upsized underwritten secondary offering of 4,000,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $58.00 per share, which includes the full exercise of the underwriter's option to purchase 521,739 additional shares of Kinetik's Class A common stock. Kinetik did not sell any shares of Class A common stock in the Offering and did not receive any proceeds from the sale of shares by the Selling Stockholder.

Kinetik Announces Closing of Upsized Secondary Offering of Common Stock

MIDLAND, Texas and HOUSTON, March 09, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering of 3,478,261 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $58.00 per share. Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder. The Offering was upsized from the previously announced 2,500,000 shares based on strong investor demand. The Selling Stockholder has granted to the underwriters a 30-day option to purchase up to an additional 521,739 shares of Kinetik's Class A common stock.

Kinetik Announces Pricing of Upsized Secondary Offering of Common Stock

MIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”, the “Company” or “we”) today provided full year 2022 Guidance.

Kinetik Issues 2022 Guidance and Announces Capital Allocation Update

MIDLAND, Texas and HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (“Kinetik”, the “Company” or “we”) today announced the completion of the business combination of Altus Midstream Company (Nasdaq: ALTM) (“Altus”) and BCP Raptor Holdco LP (“BCP”), creating a unique, fully integrated midstream company.

News for Kinetik Holdings Stock (KNTK)