Highest-materiality recent filing
Kinetik stockholders reelect all 10 directors; say-on-pay and KPMG ratification pass
All 10 director nominees elected with 118.6M–119.5M votes for; broker non-votes 6.96M.
Kinetik reports record Q1 Adj EBITDA of $251.2M, affirms FY2026 guidance
Net loss including noncontrolling interest of $5.1M; Adjusted EBITDA $251.2M a record.
Kinetik extends A/R facility termination to March 2027, reduces limit to $225M
Amendment No. 2 to Receivables Purchase Agreement entered into on March 31, 2026.
Kinetik reports record 2025 Adjusted EBITDA of $987.7M; 2026 guidance $950M-$1,050M
Q4 net income $416.7M, FY net income $525.9M; Adj. EBITDA Q4 $252.1M, FY $987.7M (record).
Kinetik Reports Q3 2025 Results, Revises 2025 Adjusted EBITDA Guidance Downward
Q3 2025 net income including noncontrolling interest of $15.5M; Adjusted EBITDA $242.6M; Distributable Cash Flow $158.5M; Free Cash Flow $50.9M.
Kinetik sells 27.5% EPIC Crude stake to Plains for $500M upfront plus $96M earnout
Kinetik will receive ~$500M upfront cash and up to $96M in contingent earnout for its 27.5% interest in EPIC Crude.
Kinetik Q2 net income $74.4M, Adj EBITDA $242.9M; updates FY2025 guidance to $1.03-1.09B
Net income $74.4M; Adjusted EBITDA $242.9M for Q2 2025.
CSO Anne Psencik retires; receives $887k severance and $150k/yr consulting deal
Ms. Psencik retired as Chief Strategy Officer effective June 30, 2025; no disagreement with company.
Kinetik enters $1.6B revolver and $1.15B term loan, replaces 2022 credit facilities
New $1.6B senior unsecured revolving credit facility with $200M LC sublimit, matures May 2030.
Kinetik stockholders elect all 10 directors, approve say-on-pay, ratify KPMG as auditor
All 10 director nominees elected with ~115-116M 'for' votes each; withhold votes <1.9M each; broker non-votes ~7.4M.
Net income of $19.3M; Adjusted EBITDA of $250M, up 7% YoY; gas processed volumes 1.80 Bcf/d, up 17% YoY.
Kinetik Chief Strategy Officer Anne Psencik to retire effective June 30, 2025
Anne Psencik, Chief Strategy Officer, to retire on June 30, 2025; will continue as consultant.
Kinetik ups A/R facility to $250M, extends maturity, adds originator
A/R securitization facility limit increased to $250 million; termination date extended to March 31, 2026.
Kinetik issues $250M add-on 6.625% sustainability-linked notes due 2028 at 101.25% of par
Priced $250M principal at 101.25% of par; notes mature Dec 15, 2028, interest 6.625% semi-annual.
Kinetik Director Jesse Krynak resigns, won't stand for reelection at 2025 meeting
Jesse Krynak notified board on March 12, 2025, of immediate resignation and will not seek reelection.
Kinetik reports Q4 Adj EBITDA $237.5M, record FY $971.1M; guides FY25 Adj EBITDA $1.09-1.15B
Q4 net income $16.2M; Full-year net income $244.2M, record Adj EBITDA $971.1M (+16% YoY).
Kinetik Holdings announces board resignation and appointment of Karen Putterman
Elizabeth Cordia resigned from the board effective Jan 15, 2025, with no disagreement.
Kinetik reports record Q3 net income $83.7M (+94% YoY); raises 2024 EBITDA guidance to $970M-$1B
Q3 Adjusted EBITDA $265.7M (+23% YoY); natural gas processed 1.71 Bcf/d (+15% YoY).
Kinetik general counsel Todd Carpenter to retire effective Feb 28, 2025; successor search underway
Todd Carpenter, General Counsel and CCO, intends to retire effective February 28, 2025.
Kinetik files Durango Permian financials following June 2024 acquisition
Acquired 100% of Durango Permian LLC; closed June 24, 2024 for undisclosed cash.
Kinetik Q2 net income $108.9M (+52% YoY); Adj EBITDA $234.4M (+13%); raises 2024 guidance
Q2 2024 net income $108.9M (52% increase YoY); Adjusted EBITDA $234.4M (13% increase YoY).
Kinetik closes ~$765M Durango acquisition in Delaware Basin; funds with GCX sale
Acquired Durango Permian LLC for ~$765M: $315M cash, 3.8M OpCo units now, 7.7M units due July 2025.
Kinetik sells 16% GCX stake for $540M; funds Durango Permian acquisition and NM expansion
Total consideration $540M: $510M cash upfront (net proceeds $494.4M) + $30M earnout on capacity expansion FID.
Stockholders approve Amendment to 2019 Omnibus Plan adding 6.5M shares; director elections ratified
Amendment adds 6,500,000 shares of Class A common stock to the 2019 Omnibus Compensation Plan; total authorized shares now 7,623,938.
Kinetik to acquire Durango Permian for $765M, sell GCX stake for $540M in Delaware Basin play
Acquires Durango for $315M cash + 11.5M Class C shares in two installments; $75M earnout tied to Kings Landing complex.
Kinetik Q1 net income $35.4M (+724% YoY); Adj EBITDA $233.6M (+25%), beats internal forecast
Gas processed volumes 1.53 Bcf/d (+13% YoY); completed system-wide amine treating at Pecos Bend in April.
Kinetik enters $150M A/R facility, extends term loan maturity to 2026; Ordemann joins board
Subsidiary entered $150M A/R securitization with PNC Bank; matures April 2025, borrowing rate SOFR + 90 bps.
Apache Midstream sells 13.1M Kinetik shares at $33.75 in secondary offering
Selling stockholder Apache Midstream LLC (Apache Corp subsidiary) sold 13,079,871 shares at $33.75/share.
Kinetik adopts Executive Severance Plan with change-in-control benefits
Plan effective Feb 28, 2024; covers eligible executives (Tier 1 & Tier 2) and all employees via separate Employee Plan.
Kinetik reports Q4 net income $267.4M, guides 2024 Adjusted EBITDA $905M-$960M
Full year 2023 net income $386.5M, Adjusted EBITDA $838.8M at mid of revised guidance.
On April 30, 2025, Anne Psencik, Chief Strategy Officer of Kinetik Holdings Inc. (the “Company”), informed the Company of her intent to retire effective June 30, 2025.
On March 12, 2025, Jesse Krynak notified the Board of Directors (the “ Board ”) of Kinetik Holdings Inc. (the “ Company ”) that he would not be seeking reelection as a Board member at the Company’s upcoming 2025 annual meeting of stockholders and would be resigning from the Board effective immediately.
On January 15, 2025, the Board appointed Ms. Putterman to serve as a director of the Board, effective immediately.
On January 15, 2025, Elizabeth Cordia notified the Board of Directors (the “ Board ”) of Kinetik Holdings Inc. (the “ Company ”) that she would be resigning as a member of the Board effective immediately.
On September 30, 2024, Todd Carpenter, General Counsel and Chief Compliance Officer of Kinetik Holdings Inc. (the “Company”), informed the Company of his intent to retire effective February 28, 2025.
On April 3, 2024, Ben Rodgers notified the Board of Directors (the “Board”) of the Company that he would be resigning as a member of the Board, effective immediately.
On April 3, 2024, the Board appointed William Ordemann to serve as director of the Board, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings