--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-22-058156" form_type: "8-K" ticker: "KNTK" cik: "0001692787" company_name: "Kinetik Holdings Inc." filed_at: "2022-02-28T23:59:59+00:00" generated_at: "2026-06-27T03:43:08.674667+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "medium" source: SEC EDGAR --- # Kinetik Holdings closes BCP acquisition, issues 2022 financial guidance ## Summary - Completed acquisition of BCP for 50M Common Units and 50M Class C shares; Contributor now owns 75% of outstanding Common Stock, Apache Midstream 20%, others 5%. - Entered new Stockholders, Registration Rights, and Partnership agreements; Apache, ISQ, BX Aggregator get board seats based on ownership thresholds. - Redeemed 100,000 Series A Preferred Units for ~$120M and paid $2.6M consent fee. - Issued press release with 2022 financial guidance (details not included in 8-K text). - Assumed BCP's existing debt: $1.25B term loan, $125M revolver, $690M term loan, $60M revolver. ## SEC filing metadata - accession: 0001193125-22-058156 - form_type: 8-K - ticker: KNTK - cik: 0001692787 - company_name: Kinetik Holdings Inc. - filed_at: 2022-02-28T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: medium - sec_items: 1.01, 1.02, 2.01, 2.02, 2.03, 3.02, 3.03, 5.03, 4.01, 5.01, 5.02, 5.05, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/d242119d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-22-058156 - JSON: https://secwatch.observer/filing/0001193125-22-058156.json - Plain text: https://secwatch.observer/filing/0001193125-22-058156.txt ## Key facts - Executive change David I. Foley was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Christopher J. Monk resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Mark Borer resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Todd Carpenter was appointed as General Counsel, Secretary and Chief Compliance Officer at Kinetik Holdings Inc.. - Action: appointed - Role: General Counsel, Secretary and Chief Compliance Officer source text: Effective as of the Closing Date, the following individuals were appointed by the Board as executive officers of the Company: evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Thomas Lefebvre was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change P. Anthony Lannie resigned as Executive Vice President and General Counsel at Kinetik Holdings Inc.. - Action: resigned - Role: Executive Vice President and General Counsel source text: Clay Bretches resigned as the Chief Executive Officer and President of the Company, Ben C. Rodgers resigned as the Chief Financial Officer and Treasurer of the Company, P. Anthony Lannie resigned as the Executive Vice President and General Counsel of the Company, Rebecca A. Hoyt resigned as the Senior Vice President, Chief Accounting Officer, and Controller of the Company, and Stephen P. Noe resigned as the Vice President, Business Development of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Clay Bretches resigned as Chief Executive Officer and President at Kinetik Holdings Inc.. - Action: resigned - Role: Chief Executive Officer and President source text: Clay Bretches resigned as the Chief Executive Officer and President of the Company, Ben C. Rodgers resigned as the Chief Financial Officer and Treasurer of the Company, P. Anthony Lannie resigned as the Executive Vice President and General Counsel of the Company, Rebecca A. Hoyt resigned as the Senior Vice President, Chief Accounting Officer, and Controller of the Company, and Stephen P. Noe resigned as the Vice President, Business Development of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Ben C. Rodgers resigned as Chief Financial Officer and Treasurer at Kinetik Holdings Inc.. - Action: resigned - Role: Chief Financial Officer and Treasurer source text: Clay Bretches resigned as the Chief Executive Officer and President of the Company, Ben C. Rodgers resigned as the Chief Financial Officer and Treasurer of the Company, P. Anthony Lannie resigned as the Executive Vice President and General Counsel of the Company, Rebecca A. Hoyt resigned as the Senior Vice President, Chief Accounting Officer, and Controller of the Company, and Stephen P. Noe resigned as the Vice President, Business Development of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Matthew Wall was appointed as EVP, Chief Operating Officer at Kinetik Holdings Inc.. - Action: appointed - Role: EVP, Chief Operating Officer source text: Effective as of the Closing Date, the following individuals were appointed by the Board as executive officers of the Company: evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Staci L. Burns resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Jamie Welch was appointed as Chief Executive Officer, President, Chief Financial Officer at Kinetik Holdings Inc.. - Action: appointed - Role: Chief Executive Officer, President, Chief Financial Officer source text: Effective as of the Closing Date, the following individuals were appointed by the Board as executive officers of the Company: evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Rebecca A. Hoyt resigned as Senior Vice President, Chief Accounting Officer, and Controller at Kinetik Holdings Inc.. - Action: resigned - Role: Senior Vice President, Chief Accounting Officer, and Controller source text: Clay Bretches resigned as the Chief Executive Officer and President of the Company, Ben C. Rodgers resigned as the Chief Financial Officer and Treasurer of the Company, P. Anthony Lannie resigned as the Executive Vice President and General Counsel of the Company, Rebecca A. Hoyt resigned as the Senior Vice President, Chief Accounting Officer, and Controller of the Company, and Stephen P. Noe resigned as the Vice President, Business Development of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Joe C. Frana resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Stephen P. Noe resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change John-Paul (JP) Munfa was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Stephen P. Noe resigned as Vice President, Business Development at Kinetik Holdings Inc.. - Action: resigned - Role: Vice President, Business Development source text: Clay Bretches resigned as the Chief Executive Officer and President of the Company, Ben C. Rodgers resigned as the Chief Financial Officer and Treasurer of the Company, P. Anthony Lannie resigned as the Executive Vice President and General Counsel of the Company, Rebecca A. Hoyt resigned as the Senior Vice President, Chief Accounting Officer, and Controller of the Company, and Stephen P. Noe resigned as the Vice President, Business Development of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Robert S. Purgason resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Clay Bretches resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Jamie Welch was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Elizabeth P. Cordia was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Steven Stellato was appointed as EVP, Chief Accounting and Administrative Operating Officer at Kinetik Holdings Inc.. - Action: appointed - Role: EVP, Chief Accounting and Administrative Operating Officer source text: Effective as of the Closing Date, the following individuals were appointed by the Board as executive officers of the Company: evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Jon W. Sauer resigned as Director at Kinetik Holdings Inc.. - Action: resigned - Role: Director source text: Effective as of the Closing Date, in connection with the Transaction, Mark Borer, Clay Bretches, Staci L. Burns, Joe C. Frana, Christopher J. Monk, Stephen P. Noe, Robert S. Purgason, and Jon W. Sauer each resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Joseph Payne was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Laura A. Sugg was appointed as Director at Kinetik Holdings Inc.. - Action: appointed - Role: Director source text: Effective as of the Closing Date, the Board appointed Elizabeth P. Cordia, David I. Foley, Thomas Lefebvre, John-Paul (JP) Munfa, Joseph Payne, Laura A. Sugg, and Jamie Welch to fill the newly created vacancies on the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm - Executive change Anne Psencik was appointed as Chief Strategy Officer at Kinetik Holdings Inc.. - Action: appointed - Role: Chief Strategy Officer source text: Effective as of the Closing Date, the following individuals were appointed by the Board as executive officers of the Company: evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.