Kinetik Holdings Inc.

Kinetik Holdings Inc. operates as a midstream company focused on the Texas Delaware Basin, providing critical infrastructure and services for upstream energy producers. The company offers gathering, compression, processing, stabilization, treating, and storage services for natural gas, natural gas liquids, and crude oil. Additionally, Kinetik operates pipeline transportation networks and provides water gathering and disposal services. The company generates revenue through service fees and product sales, including condensates, natural gas residue, and NGLs.

The company's operations are structured around two primary segments: Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment handles the collection and processing of hydrocarbons from production facilities, while the Pipeline Transportation segment manages the movement of processed products to downstream markets and end users. This dual-segment structure allows Kinetik to capture value across multiple points in the midstream value chain within its core operating region.

Headquartered in Midland, Texas, Kinetik was founded in 2017 and operates primarily in the Texas Delaware Basin, one of the most active unconventional production regions in North America. The company serves natural gas and crude oil producers operating in the basin, positioning itself as an integrated midstream provider dependent on production activity levels and infrastructure utilization in its geographic footprint.