---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-171159"
form_type: "8-K"
ticker: "KNTK"
cik: "0001692787"
company_name: "Kinetik Holdings Inc."
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:42:27.370730+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kinetik closes ~$765M Durango acquisition in Delaware Basin; funds with GCX sale

## Summary
- Acquired Durango Permian LLC for ~$765M: $315M cash, 3.8M OpCo units now, 7.7M units due July 2025.
- Cash portion funded by June 4 divestiture of 16% GCX pipeline stake.
- Leverage ratio post-close at 3.4x; deal immediately deleveraging.
- Kinetik will update 2024 guidance with Q2 2024 earnings.
- Durango platform enhances Kinetik's Delaware Basin footprint; Kings Landing earnout up to $75M.

## SEC filing metadata
- accession: 0001193125-24-171159
- form_type: 8-K
- ticker: KNTK
- cik: 0001692787
- company_name: Kinetik Holdings Inc.
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692787/000119312524171159/0001193125-24-171159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000119312524171159/d822789d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-171159
- JSON: https://secwatch.observer/filing/0001193125-24-171159.json
- Plain text: https://secwatch.observer/filing/0001193125-24-171159.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.