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Stock impact report

Kinetik Weighs Reliability And Capital Demands With Diamond Cryo Power Move [Yahoo! Finance]

Kinetik Holdings Inc. (KNTK) 
Company Research Source: Yahoo! Finance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Kinetik Holdings (NYSE:KNTK) approved its first behind-the-meter gas-fired power generation project at its Diamond Cryo facility. The company moved ahead with the project following a period of strong operational reliability. During Winter Storm Fern, Kinetik kept its Kings Landing facility running at high uptime, highlighting its performance in extreme weather conditions. Kinetik Holdings, a midstream operator focused on Permian Basin infrastructure, is extending its role beyond gathering and processing into on-site power generation. Behind-the-meter gas-fired power at Diamond Cryo suggests tighter control over energy needs, which can matter for uptime, cost visibility, and service reliability for customers. For investors, it adds another element to how NYSE:KNTK is positioning its asset base within the broader US energy system. The Win Show less Read more
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