secwatch / observer

Kinetik Holdings Inc. — fact timeline

Source-grounded facts extracted from Kinetik Holdings Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

KNTK Kinetik Holdings Inc. JSON
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Ratification of the Appointment of Independent Auditor at the 2026-05-19 meeting.

“The appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified by the stockholders, by the vote indicated below:”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation (Say-on-Pay) at the 2026-05-19 meeting.

“The Company’s stockholders approved, on an advisory non-binding basis, the compensation of the named executive officers of the Company, as disclosed in the Proxy Statement, by the vote indicated below:”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Election of Directors at the 2026-05-19 meeting.

“The stockholders elected each of the ten nominees listed below to the Company’s board of directors to serve a one-year term beginning upon their election until their respective successors have been duly elected and qualified at the annual meeting of stockholders in 2027.”
Earnings Releases

Kinetik Holdings Inc. reported the quarter ended March 31, 2026 results: net income $5.1 million. Guidance reaffirmed.

“For the three months ended March 31, 2026, Kinetik reported net loss including noncontrolling interest of $5.1 million, Adjusted EBITDA 1 of $251.2 million, Distributable Cash Flow 1 of $180.8 million, and Free Cash Flow 1 of $101.4 million.”
Debt Financings

Kinetik Holdings Inc. amended credit facility of $225,000,000 with PNC Bank, National Association maturing March 30, 2027.

“Pursuant to Amendment No. 2 to Receivables Purchase Agreement, the scheduled termination date of the A/R Facility was extended to March 30, 2027. In addition, Amendment No. 2 to Receivables Purchase Agreement reduced the facility limit to $225,000,000 and added the ability for Seller to request an increase in the facility limit up to $275,000,000.”
Material Agreements

Kinetik Holdings Inc. amended Amendment No. 2 to Receivables Purchase Agreement with PNC Bank, National Association, as administrative agent (effective 2026-03-31).

“On March 31, 2026, (the “ Closing Date ”), Kinetik Holdings LP, a Delaware limited partnership (“ Kinetik LP ”), which is a subsidiary of Kinetik Holdings Inc., a Delaware corporation (the “ Company ”), entered into an amendment (“ Amendment No. 2 to the A/R Facility ”) to their accounts receivable securitization facility dated April 2, 2024 and as amended by that certain Amendment No. 1 to Receivables Purchase Agreement, dated as of April 1, 2025 (the “ A/R Facility ” and as amended, the “ Amended A/R Facility ”) to, among other things, extend the scheduled termination date.”
Debt Financings

Kinetik Holdings Inc. incurred term loan of $1.15 billion senior unsecured credit facility with Toronto Dominion (Texas) LLC at Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0% maturing May 30, 2028.

“Dominion (Texas) LLC, as administrative agent (“Toronto”) and the banks and other financial institutions party thereto, as lenders. The Term Loan Credit Agreement provides for a $1.15 billion senior unsecured credit facility. The Term Loan Credit Agreement matures on May 30, 2028. The obligations under the Term Loan Credit Agreement are guaranteed by the Company. 2”
Debt Financings

Kinetik Holdings Inc. incurred revolving credit of $1.6 billion senior unsecured revolving credit facility with PNC Bank, National Association at Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0% maturing May 30, 2030.

“(the “Company”), entered into a revolving credit agreement (the “Revolving Credit Agreement”) among PNC Bank, National Association, as administrative agent (“PNC Bank”), and the banks and other financial institutions party thereto, as lenders.”

Anne Psencik departed as Chief Strategy Officer at Kinetik Holdings Inc..

“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.”
Debt Financings

Kinetik Holdings Inc. amended credit facility of $250 million with PNC Bank, National Association, as administrative agent maturing March 31, 2026.

“the facility limit of the A/R Facility was increased to $250 million and the scheduled termination date was extended to March 31, 2026”
Debt Financings

Kinetik Holdings Inc. incurred senior notes of $250 million aggregate principal amount with MUFG Securities Americas Inc. at 6.625% maturing December 15, 2028.

“issuance and sale (the “Notes Offering”) of $250 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “New Notes”). The Notes Offering closed on March 19, 2025.”

Jesse Krynak resigned as Director at Kinetik Holdings Inc..

“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.”

Karen Putterman was appointed as Director at Kinetik Holdings Inc..

“On January 15, 2025, the Board appointed Ms. Putterman to serve as a director of the Board, effective immediately.”

Elizabeth Cordia resigned as Director at Kinetik Holdings Inc..

“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.”

Todd Carpenter departed as General Counsel and Chief Compliance Officer at Kinetik Holdings Inc..

“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.”
M&A Transactions

Kinetik Holdings Inc. completed an acquisition involving Durango Midstream LLC, an affiliate of Morgan Stanley Equity Partners for aggregate purchase price of approximately $765 million (closed 2024-06-24).

“pursuant to which the Partnership purchased all of the membership interests of Durango Permian, LLC from Durango Seller for an aggregate purchase price of approximately $765 million”
M&A Transactions

Kinetik Holdings Inc. completed a disposition involving GCX Pipeline, LLC for $540 million (closed 2024-06-04).

“Holdings LP, pursuant to which the Company agreed to sell its 16% membership interest in Gulf Coast Express Pipeline LLC (“GCX”) to the GCX Buyer for a total purchase price of $540 million (the “GCX Sale”), consisting of $510 million of cash, less certain customary closing adjustments, payable on June 4, 2024 and an additional $30 million earn out in cash upon”
Material Agreements

Kinetik Holdings Inc. entered into Purchase and Sale Agreement with GCX Pipeline, LLC valued at total purchase price $540 million (effective 2024-05-09).

“Also on May 9, 2024, the Company entered into a Purchase and Sale Agreement (the “GCX Purchase Agreement”) with GCX Pipeline, LLC, an affiliate of ArcLight Capital Partners, LLC (the “GCX Buyer”), pursuant to which the Company has agreed to sell its 16% membership interest in Gulf Coast Express Pipeline LLC (“GCX”) to the GCX Buyer for a total purchase price of $540 million (the “GCX Sale”), consisting of $510 million of cash (subject to customary adjustments) at closing and an additional $30 million earn out in cash upon the approval by the GCX Board of Directors of one or more capital projects that achieve certain capacity expansion criteria.”
Material Agreements

Kinetik Holdings Inc. entered into Membership Interest Purchase Agreement with Durango Midstream LLC valued at purchase price approximately $765 million (effective 2024-05-09).

“On May 9, 2024, Kinetik Holdings Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Durango MIPA”) with Durango Midstream LLC, an affiliate of Morgan Stanley Energy Partners (the “Durango Seller”), and Kinetik Holdings, LP, a subsidiary of the Company (the “Partnership”), pursuant to which the Partnership has agreed to purchase all of the membership interests of Durango Permian, LLC (“Durango”) from Durango Seller for an aggregate purchase price of approximately $765 million (the “Durango Acquisition”), consisting of (i) $315 million of cash to be paid at closing, (ii) approximately 3.8 shares of Class C Common Stock, par value $0.0001 per share of the Company (“Class C Common Stock”) (and an equivalent number of common units in the Partnership (“OpCo Units”)), to be issued at closing and (iii) approximately 7.7 million shares of Class C Common Stock (and an equivalent number of OpCo Units) to be issued on July 1, 2025.”
Earnings Releases

Kinetik Holdings Inc. reported the quarter ended March 31, 2024 results: net income $35.4 million.

“On May 8, 2024, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended March 31, 2024.”
Debt Financings

Kinetik Holdings Inc. incurred debt of up to $150 million with PNC Bank, National Association maturing April 1, 2025.

“On April 2, 2024 (the “ Closing Date ”), Kinetik Holdings LP, a Delaware limited partnership (“ Kinetik LP ”), which is a subsidiary of Kinetik Holdings Inc., a Delaware corporation (the “ Company ”), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $150 million”
Material Agreements

Kinetik Holdings Inc. entered into Accounts Receivable Securitization Facility with PNC Bank, National Association valued at $150,000,000 (effective 2024-04-02).

“On April 2, 2024 (the " Closing Date "), Kinetik Holdings LP, a Delaware limited partnership (" Kinetik LP "), which is a subsidiary of Kinetik Holdings Inc., a Delaware corporation (the " Company "), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $150 million (the " A/R Facility ") to provide additional liquidity and funding for the ongoing business needs of Kinetik LP and its subsidiaries.”

William Ordemann was appointed as director at Kinetik Holdings Inc..

“On April 3, 2024, the Board appointed William Ordemann to serve as director of the Board, effective immediately.”

Ben Rodgers resigned as director at Kinetik Holdings Inc..

“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.”
Material Agreements

Kinetik Holdings Inc. entered into Underwriting Agreement with Goldman Sachs & Co. LLC, as representative of the several underwriters (effective 2024-03-13).

“On March 13, 2024, Kinetik Holdings Inc., a Delaware corporation (the “ Company ”) and Apache Midstream LLC (the “ Selling Stockholder ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Goldman Sachs & Co. LLC, as representative of the several underwriters named therein”
Earnings Releases

Kinetik Holdings Inc. updated its full year 2024 guidance (initiated).

“Issuing full year 2024 Adjusted EBITDA 1 guidance of $905 million to $960 million and $125 million to $165 million of 2024 Capital Expenditures 2 guidance”
Earnings Releases

Kinetik Holdings Inc. reported for the fiscal quarter ended December 31, 2023 results: net income $267.4 million.

“On February 28, 2024, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended December 31, 2023.”

Michael A. Kumar was appointed as director at Kinetik Holdings Inc..

“On February 5, 2024, the Board appointed Michael A. Kumar to serve as a director of the Board, effective immediately.”

Ronald Schweizer resigned as director at Kinetik Holdings Inc..

“On February 5, 2024, Ronald Schweizer notified the Board of Directors (the “ Board ”) of Kinetik Holdings Inc. (the “ Company ”) that he would be resigning as a member of the Board, effective immediately.”
Debt Financings

Kinetik Holdings Inc. incurred senior notes of $300 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.625% maturing December 15, 2028.

“issued $300 million aggregate principal amount of its 6.625% Sustainability-Linked Senior Notes due 2028”
Material Agreements

Kinetik Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $300 million aggregate principal amount (effective 2023-12-06).

“The terms of the Notes are governed by the Indenture, dated as of December 6, 2023 (the “Indenture”), by and among Kinetik LP as the issuer, the Company as guarantor, and U.S. Bank Trust Company, National Association, as trustee”
Material Agreements

Kinetik Holdings Inc. entered into Purchase Agreement with Wells Fargo Securities, LLC as representative of the several initial purchasers named therein valued at $300 million (effective 2023-12-15).

“On December 15, 2023, Kinetik Holdings Inc. (the “Company”) and a subsidiary of the Company, Kinetik Holdings LP (“Kinetik LP”), entered into a purchase agreement (the “Purchase Agreement”) by and among Kinetik LP, the Company as parent guarantor, and Wells Fargo Securities, LLC as representative of the several initial purchasers named therein (collectively, the “Initial Purchasers”), relating to the issuance and sale (the “Notes Offering”) of $300 million aggregate principal amount of Sustainability-Linked Senior Notes due 2028 (the “Notes”).”
Material Agreements

Kinetik Holdings Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, as representative of the several underwriters (effective 2023-12-11).

“On December 11, 2023, Kinetik Holdings Inc., a Delaware corporation (the “ Company ”) and Apache Midstream LLC (the “ Selling Stockholder ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with J.P. Morgan Securities LLC, as representative of the several underwriters named therein (collectively, the “ Underwriters ”), pursuant to which the Selling Stockholder agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Stockholder, subject to and upon the terms and conditions set forth therein, 7,475,000 shares of Class A common stock, par value $0.0001 per share (the “ Common Stock ”) of the Company (the “ Offering ”), which includes the Underwriters’ option to purchase up to an additional 975,000 shares of Common Stock, which was exercised in full on December 12, 2023.”
Debt Financings

Kinetik Holdings Inc. incurred senior notes of $500 million aggregate principal amount with Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers at 6.625% maturing December 15, 2028.

“Inc., as representatives of the several initial purchasers named therein (collectively, the “Initial Purchasers”), relating to the issuance and sale (the “Notes Offering”) of $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Notes”). The Purchase Agreement contains customary representations and warranties of the”
Material Agreements

Kinetik Holdings Inc. amended First Amendment to Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-12-06).

“On December 6, 2023, Kinetik LP, the Company, PNC Bank, National Association (“PNC Bank”), as administrative agent, and the lenders party thereto, entered into a First Amendment to Credit Agreement (the “First Amendment”) to Kinetik LP’s term loan credit agreement”
Material Agreements

Kinetik Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (effective 2023-12-06).

“The terms of the Notes are governed by the Indenture, dated as of December 6, 2023 (the “Indenture”), by and among Kinetik LP as the issuer, the Company as guarantor, and U.S. Bank Trust Company, National Association, as trustee”
Material Agreements

Kinetik Holdings Inc. entered into Purchase Agreement with Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers valued at $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (effective 2023-12-04).

“On December 4, 2023, Kinetik Holdings Inc. (the “Company”) and a subsidiary of the Company, Kinetik Holdings LP (“Kinetik LP”), entered into a purchase agreement (the “Purchase Agreement”) by and among Kinetik LP, the Company as parent guarantor, and Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers named therein”
Earnings Releases

Kinetik Holdings Inc. reported the quarter ended September 30, 2023 results: net income $43.1 million. Guidance reaffirmed.

“On November 8, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended September 30, 2023.”

Jamie Welch changed role as Chief Executive Officer and President at Kinetik Holdings Inc..

“As a result of Mr. Howard’s appointment, Jamie Welch, the Company’s Chief Executive Officer and President, no longer holds the title of Chief Financial Officer; Mr. Welch maintains his role as Chief Executive Officer and President and as the Company’s Principal Executive Officer.”

Trevor Howard was appointed as Senior Vice President and Chief Financial Officer at Kinetik Holdings Inc..

“the appointment of Trevor Howard as the Company’s Senior Vice President and Chief Financial Officer, effective as of August 24, 2023.”
Earnings Releases

Kinetik Holdings Inc. reported the quarter ended June 30, 2023 results: net income $71.7 million.

“On August 7, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended June 30, 2023.”
Governance Changes

Kinetik Holdings Inc.: Amendments to certificate of incorporation to add a sunset provision for supermajority vote requirement and to add officer exculpation provision (effective 2023-05-31).

“The Amendments became effective upon the filing of the Certificate of Amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of Delaware on May 31, 2023.”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Ratification of the Appointment of Independent Auditor at the 2023-05-31 meeting.

“Proposal 6: Ratification of the Appointment of Independent Auditor The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified by the stockholders, by the vote indicated below: For Against Abstain Broker Non-Votes 138,784,710 24,106 19,178 —”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Amendment to Certificate of Incorporation – Officer Exculpation at the 2023-05-31 meeting.

“Proposal 5: Amendment to Certificate of Incorporation – Officer Exculpation. The Company’s stockholders approved an amendment to the Company’s Certificate to reflect new Delaware law provisions regarding officer exculpation, by the vote indicated below: For Against Abstain Broker Non-Votes 130,474,262 4,882,750 10,725 3,460,257”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Amendment to Certificate of Incorporation – Removal of Supermajority Requirement at the 2023-05-31 meeting.

“Proposal 4: Amendment to Certificate of Incorporation – Removal of Supermajority Requirement The Company’s stockholders approved an amendment to the Company’s Certificate to add a sunset provision for the supermajority vote requirement for changes to Section 9.1 of the Certificate, by the vote indicated below: For Against Abstain Broker Non-Votes 135,086,860 268,327 12,550 3,460,257”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation (Say-on-Frequency) at the 2023-05-31 meeting.

“Proposal 3: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation (Say-on-Frequency) The Company’s stockholders voted, on an advisory non-binding basis, for the frequency of future advisory votes on compensation for the Company’s named executive officers, the results of which are indicated below: Every One Year Every Two Years Three One Years Abstain Broker Non-Votes 134,884,710 164,881 306,036 12,110 3,460,257”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation (Say-on-Pay) at the 2023-05-31 meeting.

“Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation (Say-on-Pay) The Company’s stockholders approved, on an advisory non-binding basis, the compensation of the named executive officers of the Company, as disclosed in the Proxy Statement, by the vote indicated below: For Against Abstain Broker Non-Votes 135,126,424 189,838 51,475 3,460,257”
Shareholder Votes

Kinetik Holdings Inc. shareholders approved Election of Directors at the 2023-05-31 meeting.

“Proposal 1: Election of Directors The stockholders elected each of the eleven nominees listed below to the Company’s board of directors to serve a one-year term beginning upon their election until their respective successors have been duly elected and qualified at the annual meeting of stockholders in 2024.”
Earnings Releases

Kinetik Holdings Inc. reported for the quarter ended March 31, 2023 results: net income $4.3 million.

“On May 3, 2023, Kinetik Holdings Inc. issued a press release announcing financial and operating results for the fiscal quarter ended March 31, 2023.”

Jesse Krynak was appointed as director at Kinetik Holdings Inc..

“On March 9, 2023, the Board appointed Jesse Krynak to serve as a director of the Board, effective immediately.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.