Kinetik Announces the Sale of Its Equity Interest in EPIC Crude Holdings, LP
(NYSE:KNTK) HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement to divest and direc...
Will the removal of EPIC Crude exposure materially change Kinetik’s commodity‑price sensitivity and long‑term growth strategy, thereby affecting the stock’s risk profile?
What valuation multiple did Kinetik achieve for its 27.5 % stake in EPIC Crude compared to recent comparable mid‑stream asset transactions?
How will the $500 million cash proceeds and $96 million earn‑out affect Kinetik’s liquidity and near‑term earnings forecasts?
13 days ago