Kinetik Announces Secondary Offering of Common Stock
Kinetik Holdings Inc. (KNTK)
Company Research
Source: Business Wire
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement 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. Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder. In connection with the Offering, the Selling Stockholder intends to grant to the underwriters a 30-day option to purchase up to an additional 1,706,070 shares of Kinetik’s Class A common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed.In connection with the Offering, the Company’s Chief Executive Officer has provided an indication of interest in purchasing shares of Class A common stock from the underw
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KNTK
News
- Kinetik Holdings Inc. (NASDAQ: KNTK) had its price target raised by analysts at Mizuho from $39.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
- Kinetik Holdings Inc. (NASDAQ: KNTK) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $40.00 price target on the stock.MarketBeat
- Kinetik Holdings Inc. (NYSE:KNTK) Passed Our Checks, And It's About To Pay A US$0.75 Dividend [Yahoo! Finance]Yahoo! Finance
- Oil, Gold In Focus As Inflation, Tensions Ratchet Up! [Forbes]Forbes
- Kinetik Announces First Quarter Dividend and Financial Results TimingBusiness Wire
KNTK
Earnings
- 2/28/24 - Beat
KNTK
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- KNTK's page on the SEC website