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
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.”

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.”
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.”

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.