{"schema_version":"secwatch.filing_event.v1","accession":"0001692787-24-000036","form_type":"8-K","ticker":"KNTK","cik":"0001692787","company_name":"Kinetik Holdings Inc.","filed_at":"2024-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.632666+00:00","generated_at":"2026-06-01T05:37:14.536478+00:00","sec_items":["2.01","9.01","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kinetik sells 16% GCX stake for $540M; funds Durango Permian acquisition and NM expansion","bullets":["Total consideration $540M: $510M cash upfront (net proceeds $494.4M) + $30M earnout on capacity expansion FID.","Cash used to fund previously announced acquisition of Durango Permian LLC and capital for 15-year gas gathering agreement in Eddy County, NM.","Pro forma eliminates equity income from GCX: $9.0M for Q1 2024 and $37.5M for FY2023.","Pro forma net income to Class A shareholders: $5.6M (Q1 2024) vs historical $11.6M; $288.9M (FY2023) vs $289.4M.","Deal closed June 4, 2024 with GCX Pipeline, LLC, an affiliate of ArcLight Capital Partners."],"urls":{"canonical":"https://secwatch.observer/filing/0001692787-24-000036","json":"https://secwatch.observer/filing/0001692787-24-000036.json","markdown":"https://secwatch.observer/filing/0001692787-24-000036.md","text":"https://secwatch.observer/filing/0001692787-24-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000036/0001692787-24-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000036/apa-20240604.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:37:14.536478+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}