202413 Mar

Kinetik Announces Pricing of Secondary Offering of Common Stock

Summary

HOUSTON & MIDLAND, Texas, March 14, 2024--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the "Offering") by Apache Midstream LLC (the "Selling Stockholder"), a subsidiary of Apache Corporation, at a price of $33.75 per share. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.This news release includes certain statements that may constitute "forward-looking statements" for purposes of the federal securities laws. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "seeks," "possible," "potential," "predict," "project," "prospects," "guidance," "outlook," "should," "would," "will," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.

Source: Yahoo

Funding

$383.87M
Amount
Mar 13 2024
Date
-
Investor
Kinetik
Company

Classifications

Companies