kinetik

Kinetik Holdings Inc. (NYSE: KNTK) is a fully integrated, pure-play midstream company operating in the Delaware Basin, a sub-region of the Permian Basin. Headquartered in Midland, Texas, with a significant presence in Houston, Kinetik provides comprehensive gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids (NGLs), crude oil, and water. The company's mission is to deliver essential energy resources reliably and responsibly, emphasizing safety, environmental stewardship, and community engagement.

Strategically positioned in the Delaware Basin, Kinetik focuses on offering integrated midstream solutions that connect production areas to key demand centers along the Gulf Coast. The company's core objectives include expanding its infrastructure footprint, optimizing operational efficiencies, and pursuing accretive growth opportunities through both greenfield projects and acquisitions. Kinetik's primary markets encompass natural gas, NGLs, crude oil, and water management services, catering to approximately 90 producer customers in the region.

As of December 31, 2023, Kinetik reported annual revenue of $1.26 billion, reflecting a 3.54% growth from the previous year. The company achieved a net income growth of 185.17% during the same period. In March 2024, Kinetik raised $384 million in a funding round, bringing its total funding to date to $384 million. The capital is intended for infrastructure expansion, debt reduction, and strategic acquisitions to bolster the company's market position.

Kinetik's infrastructure includes approximately 2 billion cubic feet per day of gas processing capacity and over 1,400 miles of operated pipelines. The company holds long-term dedications for gas, crude, and water midstream services from various producers in the Delaware Basin. Additionally, Kinetik is a partner in major pipeline projects such as the Permian Highway Pipeline, Gulf Coast Express Pipeline, Shin Oak Pipeline, and EPIC Crude Pipeline.

Kinetik leverages advanced technologies and methodologies to enhance operational efficiency and service reliability. The company's proprietary technologies include integrated pipeline systems and state-of-the-art processing facilities designed to handle complex midstream operations. Significant scientific methods employed encompass advanced compression techniques, real-time monitoring systems, and data analytics to optimize performance and safety.

Kinetik's leadership team comprises experienced professionals with extensive backgrounds in the energy sector:

• Jamie Welch – President & Chief Executive Officer

• Appointed CEO in February 2022. Previously served as President, CEO, and CFO of BCP Raptor Holdco GP, LLC. Held senior roles at Energy Transfer Equity, L.P., and Credit Suisse. Holds a Bachelor of Laws and a Diploma of Legal Practice from Queensland University of Technology.

• Matt Wall – Executive Vice President & Chief Operating Officer

• Joined Kinetik in July 2017 as Vice President, Operations; appointed COO in May 2019. Previously Manager of Engineering at Aka Energy Group LLC. Holds a B.S. in Chemical Engineering from Texas Tech University.

• Steve Stellato – Executive Vice President, Chief Accounting Officer & Chief Administrative Officer

• Served as EVP, CAO, and Chief Administrative Officer since the merger between EagleClaw Midstream and Altus Midstream. Previously VP and Chief Accounting Officer of CST Brands and CrossAmerica Partners. Certified Public Accountant with a B.B.A. in Accounting from the University of Texas at San Antonio.

• Lindsay Ellis – General Counsel, Chief Compliance Officer & Corporate Secretary

• Appointed General Counsel, Chief Compliance Officer, and Corporate Secretary in February 2025. Previously Deputy General Counsel and Corporate Secretary since 2022. Holds a B.A. in Political Science and Communication Studies from Southwestern University and a J.D. from the University of Houston Law Center.

• Anne Psencik – Chief Strategy Officer

• Served as Chief Strategy Officer since the merger between EagleClaw Midstream and Altus Midstream. Over 30 years of experience in the oil and gas industry. Holds a B.S. in Petroleum Engineering from The University of Texas at Austin.

• Trevor Howard – Senior Vice President & Chief Financial Officer

• Appointed CFO in July 2023. Previously Vice President of Finance since 2020. Holds a Masters in Professional Accounting and a B.B.A. in Accounting from the University of Texas at Austin’s McCombs School of Business.

• Kris Kindrick – Senior Vice President, Commercial

• Joined Kinetik in July 2018. Leads natural gas origination, execution, and optimization. Holds a B.B.A. in Finance from Texas A&M University and an M.B.A. from Rice University.

• Tyler Milam – Senior Vice President, Crude, Water & New Energy Ventures

• Joined Kinetik in August 2012. Leads crude and water segments and energy transition initiatives. Holds a B.S. in Civil Engineering from Texas Tech University and an M.B.A. from the University of Texas – Permian Basin.

In February 2025, Lindsay Ellis was appointed as General Counsel, Chief Compliance Officer, and Corporate Secretary, succeeding her previous role as Deputy General Counsel and Corporate Secretary since 2022.

The midstream sector in the Delaware Basin is highly competitive, with several key players:

• Venture Global: Engages in natural gas transmission with a market capitalization of $24.24 billion and annual revenue of $4.97 billion.

• Western Midstream Partners: Operates in the midstream sector with a market capitalization of $14.58 billion and annual revenue of $3.61 billion.

• Energy Transfer: A major player in the midstream industry, offering a range of services including natural gas transportation and storage.

• Enterprise Products Partners: Provides midstream energy services, including transportation and storage of natural gas, NGLs, crude oil, and petrochemicals.

Kinetik's competitive advantages include its integrated pipeline footprint connecting the Delaware Basin to Gulf Coast demand centers, a conservative financial strategy focused on long-term shareholder value, and a commitment to advancing a safer, cleaner, and more reliable energy future.

Kinetik has established significant partnerships to enhance its market position and capabilities:

• Permian Highway Pipeline: A partnership facilitating the transportation of natural gas from the Permian Basin to Gulf Coast markets.

• Gulf Coast Express Pipeline: A collaboration aimed at transporting natural gas to meet growing demand along the Gulf Coast.

• Shin Oak Pipeline: A partnership focused on transporting NGLs from the Permian Basin to Mont Belvieu, Texas.

• EPIC Crude Pipeline: A collaboration providing crude oil transportation from the Permian Basin to the Gulf Coast.

These strategic collaborations strengthen Kinetik's infrastructure and service offerings, positioning the company as a leading midstream provider in the region.

Kinetik's strategic roadmap focuses on expanding its infrastructure through both greenfield projects and acquisitions, optimizing operational efficiencies, and enhancing service offerings to meet the evolving needs of its customers. The company's integrated pipeline footprint and commitment to environmental stewardship position it to capitalize on growth opportunities in the midstream sector.

For more information, visit Kinetik's official website.