Recent Updates — KNTK

EagleClaw Midstream Ventures, a Kinetik Holdings subsidiary, and Energy Transfer GC NGL Product Services agreed to settle a previously disclosed dispute regarding the expiration of an NGL purchase agreement. The parties confirmed that the last day of the term for this agreement is December 31, 2026. This settlement resolves one of two agreements with Energy Transfer subject to ongoing litigation, which awaits adjudication. Kinetik Holdings Inc. operates in the midstream energy sector, providing natural gas liquids (NGL) infrastructure and services.

Kinetik Holdings Inc. reported record financial results for the second quarter ended June 30, 2026, announcing net income of $123.1 million and Adjusted EBITDA of $280.8 million. The company raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion and increased capital expenditure estimates to approximately $560 million. Operational highlights include the final investment decision for the Kings Landing II expansion, placing the ECCC Pipeline into service, and securing incremental Gulf Coast market access. The company also declared a quarterly cash dividend of $0.81 per share. Kinetik Holdings Inc. operates in the midstream energy sector, providing gathering, transportation, compression, processing, and treating services for natural gas, NGLs, crude oil, and water in the Permian Basin.