KNTK

Permian Highway Pipeline Announces Final Investment Decision for Expansion Project

Retrieved on: 
Wednesday, June 29, 2022
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Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.

Key Points: 
  • Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.
  • Pending the timely receipt of required approvals, the target in-service date for the project is anticipated to be November 1, 2023.
  • We are excited to have achieved FID on this very important expansion, said Kinder Morgan Natural Gas Midstream President Sital Mody.
  • The project will alleviate transportation constraints out of the Permian Basin so as to further support meeting our domestic and global energy needs.

Kinetik Completes Successful Comprehensive Refinancing Plan

Retrieved on: 
Wednesday, June 8, 2022
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Following the Refinancing, Kinetik now has a fully unsecured capital structure.

Key Points: 
  • Following the Refinancing, Kinetik now has a fully unsecured capital structure.
  • Kinetik used the net proceeds from the Refinancing to repay and retire all existing consolidated debt facilities and will subsequently redeem its Series A Preferred in full by year end 2022.
  • Its subsidiary, Kinetik Holdings LP, today has closed the previously announced offering of $1.0 billion sustainability-linked senior notes due 2030 (the Senior Notes).
  • Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.

Kinetik Prices $1.0 Billion Sustainability-Linked Senior Notes Offering Due 2030

Retrieved on: 
Wednesday, June 1, 2022
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HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik) today announced that its subsidiary, Kinetik Holdings LP (the Issuer), has priced its previously announced offering of $1.0 billion sustainability-linked senior notes due 2030 (the Senior Notes) at 99.588% of par.

Key Points: 
  • HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik) today announced that its subsidiary, Kinetik Holdings LP (the Issuer), has priced its previously announced offering of $1.0 billion sustainability-linked senior notes due 2030 (the Senior Notes) at 99.588% of par.
  • The Senior Notes mature on June 15, 2030, pay interest at the rate of 5.875% per year and are payable on June 15 and December 15 of each year.
  • The Senior Notes are fully and unconditionally guaranteed by Kinetik.
  • Kinetik published the Framework on May 16, 2022 and obtained a second party opinion (SPO) on the Framework from ISS ESG.

Kinetik Announces $1.0 Billion Sustainability-Linked Senior Notes Offering

Retrieved on: 
Wednesday, June 1, 2022
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HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik) announced today that its subsidiary, Kinetik Holdings LP (the Issuer), intends to offer $1.0 billion aggregate principal amount of sustainability-linked senior notes due 2030 (the Senior Notes) in an offering (the Offering) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik) announced today that its subsidiary, Kinetik Holdings LP (the Issuer), intends to offer $1.0 billion aggregate principal amount of sustainability-linked senior notes due 2030 (the Senior Notes) in an offering (the Offering) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act).
  • The Senior Notes will be fully and unconditionally guaranteed by Kinetik.
  • Kinetik published the Framework on May 16, 2022 and obtained a second party opinion (SPO) on the Framework from ISS ESG.
  • The Offering may be made only by means of an offering memorandum.

Kinetik Announces Two-For-One Split of its Common Stock

Retrieved on: 
Thursday, May 19, 2022
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HOUSTON and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik or the Company) today announced that the Board of Directors has approved and declared a two-for-one split of the Companys Common Stock in the form of a stock dividend (Stock Split).

Key Points: 
  • HOUSTON and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik or the Company) today announced that the Board of Directors has approved and declared a two-for-one split of the Companys Common Stock in the form of a stock dividend (Stock Split).
  • The Stock Split will be accomplished by distributing one additional share of Class A Common Stock for each share of Class A Common Stock outstanding and one additional share of Class C Common Stock for each share of Class C Common Stock outstanding.
  • Trading of the Class A Common Stock will begin on a Stock Split-adjusted basis on Thursday, June 9, 2022.
  • After giving effect to the Stock Split, Kinetik expects to have in total approximately 135 million shares of Common Stock outstanding.

Gulf Coast Express Pipeline Announces Open Season for Expansion Project

Retrieved on: 
Monday, May 16, 2022
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Gulf Coast Express Pipeline LLC (GCX) today announced an open season to solicit commitments for an expansion project on its system.

Key Points: 
  • Gulf Coast Express Pipeline LLC (GCX) today announced an open season to solicit commitments for an expansion project on its system.
  • Upon achieving a final investment decision (FID), the project will increase GCXs capacity by nearly 570 million cubic feet per day (MMcf/d).
  • The project will involve primarily compression expansions on the GCX system to increase natural gas deliveries from the Permian Basin to South Texas markets.
  • The open season begins May 16, 2022, and ends June 6, 2022, at 5 p.m. Central Time, though GCX reserves the right to extend the open season as needed.

Kinetik Publishes Sustainability-Linked Financing Framework

Retrieved on: 
Monday, May 16, 2022
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HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik or the Company) today published its Sustainability-Linked Financing Framework (Framework), which links its Environmental, Social and Governance (ESG) commitments to the Companys broader financing strategy.

Key Points: 
  • HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (Kinetik or the Company) today published its Sustainability-Linked Financing Framework (Framework), which links its Environmental, Social and Governance (ESG) commitments to the Companys broader financing strategy.
  • The Framework outlines the principles Kinetik would follow in connection with the issuance of Sustainability-Linked Financing instruments, including Sustainability-Linked Bonds, Sustainability-Linked Loans or any other Sustainability-Linked instruments.
  • The Framework and SPTs demonstrate Kinetiks commitment to achieve net-zero greenhouse gas emissions by 2050, support the Global Methane Pledge and champion women in the workplace.
  • The goals and initiatives outlined in our Sustainability-Linked Financing Framework challenge our Company to make tomorrows natural gas cleaner than todays.

Permian Highway Pipeline Announces Binding Open Season for Expansion Project

Retrieved on: 
Monday, April 25, 2022
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Permian Highway Pipeline, LLC (PHP) today announced a binding open season to solicit commitments for an expansion project on its system.

Key Points: 
  • Permian Highway Pipeline, LLC (PHP) today announced a binding open season to solicit commitments for an expansion project on its system.
  • Upon achieving a final investment decision (FID), the project will increase PHPs capacity by nearly 650 million cubic feet per day (MMcf/d).
  • A foundation shipper has already executed long-term binding transportation agreements for half of this expansion capacity.
  • The binding open season begins April 25, 2022, and ends May 13, 2022, at 5 p.m. Central Time, though PHP reserves the right to extend the open season as needed.

Kinetik Announces First Quarter Dividend, First Quarter 2022 Results Timing and Details of its Dividend Reinvestment Plan

Retrieved on: 
Thursday, April 21, 2022
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Kinetik will also host its first quarter 2022 results conference call Wednesday, May 11, 2022 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results.

Key Points: 
  • Kinetik will also host its first quarter 2022 results conference call Wednesday, May 11, 2022 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss first quarter results.
  • The Company will issue its earnings release after close of market on Tuesday, May 10, 2022.
  • The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Companys website at www.kinetik.com .
  • Kinetik has filed and now implemented a Dividend Reinvestment Plan (the DRIP or the Plan).

EPIC Crude Delivers Record Volumes

Retrieved on: 
Wednesday, April 6, 2022
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EPIC Crude Holdings, LP (EPIC Crude or the Company) continues to ship record crude volumes of 500,000 barrels per day during 2022.

Key Points: 
  • EPIC Crude Holdings, LP (EPIC Crude or the Company) continues to ship record crude volumes of 500,000 barrels per day during 2022.
  • EPIC Crude provides shippers access to the premium Corpus Christi market including EPIC Crudes export facility as well as local refineries and other export docks.
  • The overall quality of crude being transported continues to differentiate EPIC Crude from other transport providers.
  • EPIC Crude Holdings, LP (EPIC Crude) was formed in 2017 to build and operate the EPIC Crude Oil Pipeline, a 700-mile, 30 crude oil pipeline that extends from Orla, Texas to the Port of Corpus Christi and services the Delaware, Midland and Eagle Ford basins.