---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-197243"
form_type: "8-K"
ticker: "KNTK"
cik: "0001692787"
company_name: "Kinetik Holdings Inc."
filed_at: "2025-09-05T23:59:59+00:00"
generated_at: "2026-05-17T07:59:24.024190+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kinetik sells 27.5% EPIC Crude stake to Plains for $500M upfront plus $96M earnout

## Summary
- Kinetik will receive ~$500M upfront cash and up to $96M in contingent earnout for its 27.5% interest in EPIC Crude.
- Implied upfront valuation for 100% of EPIC at $2.85B; contingency valuation $350M.
- Transaction expected to close by early 2026, pending HSR antitrust clearance.
- Proceeds to fund growth projects and potential acceleration of shareholder returns.
- Vinson & Elkins LLP served as legal counsel to Kinetik.

## SEC filing metadata
- accession: 0001193125-25-197243
- form_type: 8-K
- ticker: KNTK
- cik: 0001692787
- company_name: Kinetik Holdings Inc.
- filed_at: 2025-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692787/000119312525197243/0001193125-25-197243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000119312525197243/d50506d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-197243
- JSON: https://secwatch.observer/filing/0001193125-25-197243.json
- Plain text: https://secwatch.observer/filing/0001193125-25-197243.txt

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