NYSEEnergyOil & Gas Storage & TransportationS&P SmallCap 600
$48.77
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Close of Nov 06, 2026 · end-of-day data
KNTK 8-K filings in 2025
Every material Form 8-K Kinetik Holdings filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kinetik reported third-quarter 2025 net income including noncontrolling interest of $15.5 million, down from $83.7 million a year earlier, while total operating revenues rose to $464.0 million from $396.4 million. The company now expects full-year 2025 Adjusted EBITDA of $965 million to $1.005 billion, citing slower Kings Landing ramp-up, producer delays, lower commodity prices, and the October EPIC Crude sale.
Q3 2025 diluted EPS attributable to Class A holders was $0.03, versus $0.35 in Q3 2024
Q3 Adjusted EBITDA was $242.6 million, versus $265.7 million a year earlier
2025 Adjusted EBITDA guidance revised to $965 million to $1.005 billion; 2025 capital guidance tightened to $485 million to $515 million
Closed sale of 27.5% EPIC Crude interest in October 2025 with over $500 million in net upfront cash
Kinetik and its subsidiaries agreed on August 30, 2025, to sell their 27.5% stake in EPIC Crude Holdings to a Plains subsidiary, with the Kinetik sellers expected to receive about $500 million of upfront cash plus about $96 million tied to a future capacity expansion. The company said it will use the cash proceeds for general corporate purposes, and the sale is expected to close in early 2026, subject to closing conditions including Hart-Scott-Rodino clearance.
Upfront cash of about $500 million for the 27.5% interest, after purchase price adjustments
Up to about $96 million additional contingent payment, due if a capacity expansion of EPIC Crude is formally sanctioned
Implied valuation of $2.85 billion for 100% of EPIC Crude, with $350 million for the contingent consideration
Expected closing by early 2026, subject to customary conditions and Hart-Scott-Rodino clearance
Kinetik reported second quarter 2025 results, with total operating revenues of $426.7 million, up from $359.5 million a year earlier, and Adjusted EBITDA of $242.9 million, up from $234.4 million. Net income including noncontrolling interest fell to $74.4 million from $108.9 million, and diluted earnings per share were $0.33 versus $0.54, so shareholders see higher sales alongside lower GAAP profit. The company updated its 2025 Adjusted EBITDA guidance to $1.03 billion to $1.09 billion and narrowed its capital guidance to $460 million to $530 million.
Total operating revenues were $426.7 million versus $359.5 million in Q2 2024; net income including noncontrolling interest was $74.4 million versus $108.9 million.
Diluted earnings per share attributable to Class A holders were $0.33 versus $0.54 in the prior-year quarter.
2025 Adjusted EBITDA guidance updated to $1.03 billion to $1.09 billion; full-year capital guidance narrowed to $460 million to $530 million.
Kings Landing full commercial in-service is expected in late September 2025; Kinetik has repurchased $172.6 million of Class A stock year to date.
Kinetik Holdings Inc. said Chief Strategy Officer Anne Psencik retired effective June 30, 2025, and that she expressed no disagreement with the company on its operations, policies or practices. She signed a separation agreement with a $887,356 lump-sum payment and a consulting agreement running through July 1, 2028, so the company keeps her advisory role during the transition.
Anne Psencik retired as Chief Strategy Officer effective June 30, 2025
Separation agreement includes a one-time lump-sum payment of $887,356, paid 45 days after termination
Consulting agreement runs through July 1, 2028, at $150,000 per year, plus up to $300,000 in discretionary payments
Unvested equity awards continue to vest, with full acceleration if the company ends the consulting agreement without cause
Kinetik Holdings LP, a subsidiary of Kinetik Holdings Inc., entered two new credit agreements on May 30, 2025, a $1.6 billion revolving credit facility and a $1.15 billion term loan, and used them to repay and terminate its 2022 credit agreements. The filing describes a refinancing of existing debt rather than new spending, with both facilities maturing in 2028 or later and guaranteed by the parent company.
Revolving credit facility of $1.6 billion matures May 30, 2030; $465 million was borrowed as of May 30, 2025
Term loan of $1.15 billion matures May 30, 2028
Both facilities are guaranteed by Kinetik Holdings Inc. and require net indebtedness to EBITDA of no more than 5.00 to 1.00, or 5.50 to 1.00 during designated acquisition periods
2022 revolving and term loan agreements, both dated June 8, 2022, were repaid and terminated
Kinetik Holdings reported first quarter 2025 results, with total operating revenues of $443.3 million, up from $341.4 million a year earlier, and Adjusted EBITDA of $250.0 million, up from $233.6 million. Net income fell to $19.3 million from $35.4 million, and diluted earnings per share were $0.05 versus $0.12, while the company affirmed its 2025 Adjusted EBITDA guidance of $1.09 billion to $1.15 billion and raised its share repurchase authorization to $500 million.
Total operating revenues were $443.3 million, compared with $341.4 million in the first quarter of 2024.
Net income including noncontrolling interest was $19.3 million, versus $35.4 million; diluted EPS was $0.05, versus $0.12.
Adjusted EBITDA was $250.0 million, versus $233.6 million; the company said current commodity futures would reduce full-year Adjusted EBITDA by about $20 million.
The Board authorized an increase to the share repurchase program to $500 million and affirmed 2025 Adjusted EBITDA guidance of $1.09 billion to $1.15 billion.
Kinetik Holdings Inc. said Chief Strategy Officer Anne Psencik informed the company on April 30, 2025 that she intends to retire effective June 30, 2025. She will continue day-to-day duties until then and will remain with the company as a consultant afterward.
Anne Psencik, Chief Strategy Officer since 2019, plans to retire effective June 30, 2025
Psencik will continue her current responsibilities until retirement and then serve as a consultant
CEO Jamie Welch said she managed risk and advised on commercial and investment opportunities during her six-year tenure
Kinetik subsidiary Kinetik Holdings LP amended its accounts receivable securitization facility, raising the facility limit to $250 million and extending the scheduled termination date to March 31, 2026. The amendment also removed certain sustainability performance targets, and Frontier Field Services, LLC joined the sale and contribution agreement as an originator.
Facility limit increased to $250 million under Amendment No. 1, dated April 1, 2025
Scheduled termination date extended to March 31, 2026
Certain Sustainability Performance Targets eliminated for Kinetik LP and the Company
Frontier Field Services, LLC became a party to the Sale and Contribution Agreement as of April 1, 2025
Kinetik Holdings Inc. completed a $250 million offering of additional 6.625% senior notes due 2028, issued by its subsidiary Kinetik Holdings LP and guaranteed by the parent, with the offering closing March 19, 2025. Proceeds are intended for general corporate purposes, including repaying part of the revolving credit facility, and the lenders under its term loan waived a mandatory prepayment requirement tied to these proceeds. The filing adds $250 million to the company's debt load, on top of $800 million of existing notes with the same terms.
$250 million of New Notes priced at 101.25% of par, plus accrued interest from December 15, 2024
Notes mature December 15, 2028, with the first interest payment due June 15, 2025
Proceeds to repay a portion of borrowings under the revolving credit facility and pay related fees and expenses
Term loan lenders waived a mandatory prepayment provision on the offering proceeds
Kinetik Holdings director Jesse Krynak notified the board on March 12, 2025, that he will not seek reelection at the 2025 annual meeting and is resigning effective immediately. The company said the departure was not due to any disagreement over its operations, policies or practices, so the filing gives no sign of a governance dispute.
Jesse Krynak notified the board on March 12, 2025 of his resignation
Resignation is effective immediately; he will not stand for reelection at the 2025 annual meeting
Company states the departure was not the result of any disagreement on operations, policies or practices
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