Core Insights - Diamondback Energy, Inc. (FANG) and Kinetik Holdings Inc. (KNTK) have entered into transactions with EPIC Midstream Holdings LP to strengthen the financial and operational aspects of EPIC Crude Holdings, LP, enhancing growth prospects and strategic alignment [1][2] Group 1: Transaction Details - FANG and KNTK acquired a 30% equity interest in the EPIC Crude pipeline system, with each now owning 27.5%, while EPIC Midstream retains a 45% stake [2] - The collaboration aims to enhance crude oil transportation capacity from the Permian Basin, a key oil-producing region [2] Group 2: Volume Commitments - FANG has increased its volume commitment to transport 200,000 barrels per day through EPIC Crude's pipeline, following its merger with Endeavor Energy Resources [3] - Long-term volume commitments from FANG and KNTK will extend from 2025 to 2035, representing over 33% of EPIC Crude's volume capacity, supported by minimum volume commitments (MVCs) [6][7] Group 3: Strategic Importance - EPIC Crude is positioned as a critical player in the Permian Basin, capable of transporting over 600,000 barrels per day, with contracts or MVCs secured for approximately 90% of its total volumes by 2025 [8] - The pipeline offers access to multiple markets, including Corpus Christi and the Dated Brent market, optimizing pricing for producers [9] Group 4: Financial Strength and Expansion - EPIC Crude's financial profile is improving, supported by increasing credit ratings and long-term contracts with investment-grade customers [10] - Potential expansion projects could enhance transport capacity with minimal capital investment, underwritten by contracts with FANG, KNTK, and other partners [11] Group 5: Governance and Future Outlook - FANG and KNTK's increased governance roles in the joint venture provide them with greater influence over EPIC Crude's strategic direction [13] - The series of transactions reinforces EPIC Crude's importance as a transportation link for crude oil producers in the Permian Basin, positioning it for long-term success [14][15]

Irina Starikova Thesis In my last quarterly update on Kinetik Holdings Inc. (NYSE:KNTK), I covered in detail the potential for the company's acquisition of Durango Midstream. The stock showed modest price gains in the two months that followed, just to be wiped out with the broader market decline during the first week of August. KNTK Price Performance (Seeking Alpha) This presents an opportunity as KNTK reported an earnings beat, reporting an EPS of $0.54/share, beating estimates by $0.18/share. This perform ...

Kinetik Holdings Inc. (KNTK) came out with a quarterly earnings of $0.54 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.41 per share a year ago. This quarterly report represents an earnings surprise of 25.58%. A quarter ago, it was expected that this company would post earnings of $0.44 per share when it actually produced earnings of $0.12, delivering a surprise of -72.73%. Over the last four quarters, the company has surpassed consensus EPS estimates twice. Kinetik ...

Monty Rakusen Thesis Kinetik Holdings (NYSE:KNTK) is a natural gas focused midstream company that operates in the Delaware basin of the Permian. The company recently announced Q1 earnings results, as well as a strategic acquisition of Durango Midstream to bolster its footprint in the Delaware Basin. Q1 earnings were reported at a 12% increase over Q4 2023 as a result of two new pipeline assets entering service. This earnings momentum is positioned to continue through 2026 through the roll up of Durango, the ...

These transactions solidify Kinetik's position in New Mexico and consolidate its value proposition as a pure- play midstream company within the Delaware Basin. U.S.-based Kinetik Holdings Inc. (KNTK) has announced a series of transactions aimed at expanding its operations in New Mexico and increasing its presence across the North Delaware Basin. Acquisition of Durango Permian LLC Kinetik has entered into an agreement to acquire Durango Permian LLC, expanding its footprint in Eddy and Lea Counties, New Mexic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

KINETIK Forward looking statements This presentation contains projections for Kinetik, including with respect to Kinetik's adjusted EBITDA, capital expenditures, leverage, and processed gas volumes. Kinetik's independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of t ...

HOUSTON and MIDLAND, Texas, May 8, 2024 – Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Results and Commentary For the three months ended March 31, 2024, Kinetik processed natural gas volumes of 1.53 Bcf/d and reported net income of $35.4 million. Kinetik generated Adjusted EBITDA of $233.6 million, Distributable Cash Flow of $154.5 million, and Free Cash Flow of $107.5 million for the three months en ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Kinetik Holdings Inc. (KNTK) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 8, 2024, might help the stock move higher if these key numbers are better tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-38048 KINETIK HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...