Kinetik Holdings Inc.: management transactions · United States · SEC (Form 4)

About Kinetik Holdings Inc.

Kinetik Holdings Inc. (NYSE, United States) is a vertically integrated midstream energy company focused on the Delaware Basin and the broader Permian Basin. Formed in 2012, Kinetik was materially reshaped by the February 2022 all-stock merger of EagleClaw Midstream and Altus Midstream, which created a larger, more diversified platform with expanded capabilities across gas, NGLs, crude oil and produced-water services. The company is headquartered in Houston and Midland, Texas, underscoring its operational footprint in West Texas and New Mexico. Kinetik’s business model is centered on fee-based infrastructure and logistics services. Its core lines of business include natural gas gathering, compression, processing and treating; crude oil gathering and transportation; produced-water gathering and handling; and pipeline transportation from the Delaware Basin toward downstream and Gulf Coast markets. The company emphasizes an integrated service offering that allows it to provide end-to-end solutions for producers, from wellhead gathering to long-haul takeaway and market access. This integrated model is strategically important in a basin where basin constraints, processing capacity and takeaway infrastructure can materially affect producer economics. From a competitive standpoint, Kinetik is positioned as a premier Delaware Basin midstream operator with meaningful scale in one of the most attractive hydrocarbon basins in the United States. The company’s network of gathering lines, processing assets and transportation links provides a regional moat, supported by long-term commercial relationships with upstream customers. Its role as a “Permian-to-Gulf Coast” platform is especially relevant because it connects production growth in West Texas and southeastern New Mexico to broader domestic and export markets. In practice, Kinetik competes on infrastructure density, contract durability, and the ability to solve gathering and takeaway bottlenecks for producers. Recent developments have reinforced the investment case. In 2025, Kinetik reported record full-year financial performance and highlighted continued operational execution. In early 2026, the company announced amended gas gathering and processing agreements with two major customers from the legacy Durango Midstream business in New Mexico, extending contract terms into the mid-2030s and improving long-term cash-flow visibility. Kinetik also advanced the Kings Landing project and received regulatory approvals to proceed with an acid gas injection and sour-conversion initiative expected to support future operations. In addition, the company announced a dual listing on NYSE Texas in 2025 while maintaining its primary listing on the NYSE, further highlighting its Texas roots. For investors, Kinetik offers exposure to U.S. midstream infrastructure, Permian Basin growth, and a contract-backed cash flow profile.