Kinetik Holdings Inc. KNTK

Company Overview

Kinetik Holdings Inc. (NYSE: KNTK) is a U.S.-based midstream energy company focused on natural gas gathering, processing, transportation, compression, and water-related services primarily in the Permian Basin. The company operates in the broader energy infrastructure and midstream hydrocarbons industry, with core activities centered on supporting upstream oil and gas producers through integrated infrastructure systems. Its principal revenue drivers include natural gas gathering and processing fees, transportation services, produced water handling, and equity earnings from pipeline interests and joint ventures.

Kinetik was formed through the 2022 combination of Altus Midstream Company and BCP Raptor Holdco, LP, creating a larger integrated midstream platform with substantial infrastructure exposure across the Delaware Basin. The company’s strategic positioning is tied to long-term producer relationships, extensive pipeline connectivity, and ownership interests in critical Permian takeaway systems. Kinetik’s integrated network and scale in one of North America’s most productive hydrocarbon regions have supported its role as a significant provider of gas and water infrastructure services to exploration and production companies.