M&A
confidence high
sentiment neutral
materiality 0.65
Kinetik files Durango Permian financials following June 2024 acquisition
Kinetik Holdings Inc.
- Acquired 100% of Durango Permian LLC; closed June 24, 2024 for undisclosed cash.
- Durango 2023 audited results: revenue $304M, net income $25M, total assets $457M.
- Pro forma combined financials filed for H1 2024 and FY 2023.
- Durango operates 220 MMcfd gas plants and gathering assets in New Mexico.