Kinetik wraps up $765m acquisition of Durango Permian [Yahoo! Finance]
Kinetik Holdings Inc. (KNTK)
Company Research
Source: Yahoo! Finance
The deal, which was announced last month, was valued at $765m, including a $75m contingent consideration. With the deal, Kinetik brings approximately 3,862km of gas-gathering pipelines and a gas processing capacity of 220mcf/d. The acquisition doubles Kinetik's pipeline mileage and augments its processing capacity, with more than 60 new customers being added to its portfolio. The acquisition also includes the Kings Landing project, a 200mcf/d greenfield processing complex in Eddy County, New Mexico. Scheduled for completion in April next year, the Kings Landing project is expected to boost Durango's processing capacity to 420mcf/d. In a press statement, Kinetik said: “As a result of the acquisition, Kinetik has significantly enhanced its overall Delaware Basin wide footprint. Taken together, the GCX divestiture and Durango acquisition are immediately deleveraging with Kinetik's leverage ratio at 3.4 times following the closing.” Kinetik said it funded the purchase through
Show less
Read more
Impact Snapshot
Event Time:
KNTK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KNTK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KNTK alerts
High impacting Kinetik Holdings Inc. news events
Weekly update
A roundup of the hottest topics
KNTK
News
- Kinetik Holdings acquires Durango Permian [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley Energy Partners Completes Sale of Durango Permian to Kinetik Holdings [Yahoo! Finance]Yahoo! Finance
- Kinetik Completes Acquisition of Durango Midstream's New Mexico Gathering and Processing System [Yahoo! Finance]Yahoo! Finance
- Kinetik Completes Acquisition of Durango Midstream’s New Mexico Gathering and Processing SystemBusiness Wire
- Kinetik divests stake in Gulf Coast Express pipeline to ArcLight affiliate [Yahoo! Finance]Yahoo! Finance
KNTK
Earnings
- 5/8/24 - Miss
KNTK
Sec Filings
- 6/28/24 - Form 8-K
- 6/27/24 - Form 11-K
- 6/7/24 - Form 8-K
- KNTK's page on the SEC website