Kinetik Appoints Craig Harris to Board of Directors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: Newsfilter
Kinetik Holdings Inc. shares rose by 3.14% as the stock reached a 20-day high.
The company announced the appointment of Craig Harris to its Board of Directors, effective June 23, 2026. Harris brings over 30 years of experience in the energy sector, having held senior leadership roles at Blackstone, 3Bear Energy, Enable Midstream Partners, and El Paso Corporation. Kinetik's President and CEO, Jamie Welch, expressed that Harris's strategic insights will enhance the Board's effectiveness and contribute to the company's growth objectives.
This appointment is expected to strengthen Kinetik's leadership team, potentially leading to improved strategic direction and operational efficiency, which could positively impact the company's performance in the competitive midstream sector.
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Analyst Views on KNTK
Wall Street analysts forecast KNTK stock price to fall
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 48.020
Low
40.00
Averages
45.27
High
55.00
Current: 48.020
Low
40.00
Averages
45.27
High
55.00
About KNTK
Kinetik Holdings Inc. is an integrated Permian-to-Gulf Coast midstream company operating in the Delaware Basin. It offers comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Its segments include Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment operates under three streams: gas gathering and processing, crude oil gathering, stabilization and storage services, and produced water gathering and disposal. The Midstream Logistics segment provides gas gathering and processing services with over 3,900 miles of low and high-pressure steel pipeline located throughout the Delaware Basin, including over 2,300 miles of gas pipeline. The Pipeline Transportation segment consists of equity investment interests in three Permian Basin pipelines that access various points along the United States Gulf Coast, Kinetik NGL Pipeline and Delaware Link Pipeline.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kinetik Appoints Craig Harris to Board of Directors
- New Board Member: Kinetik Holdings Inc. announced the appointment of Craig Harris to its Board of Directors, effective June 23, 2026, bringing over 30 years of experience in the energy sector, covering engineering, operations, and corporate strategy.
- Rich Industry Background: Prior to joining Kinetik, Harris served as a Senior Managing Director at Blackstone's credit business and held senior leadership roles at 3Bear Energy, Enable Midstream Partners, and El Paso Corporation, showcasing his extensive background in the midstream industry.
- Strategic Value Enhancement: Kinetik's President and CEO Jamie Welch stated that Harris's leadership skills and strategic perspective will strengthen the Board, with expectations of providing valuable insights for the company's growth and value creation objectives.
- Company Overview: Kinetik is a fully integrated midstream corporation operating in the Delaware Basin of Texas, offering comprehensive gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water, committed to delivering extensive services to its clients.
See More
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- Chevron's Reliability: Chevron (CVX) offers a 3.7% dividend yield and has increased its payout for 39 consecutive years, demonstrating reliability and cost management that allows it to remain profitable even when oil prices decline.
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- Kinetik's Market Opportunities: Kinetik Holdings (KNTK) yields 6.3% and has reiterated its 2026 EBITDA guidance, with management noting significant insulation from oil price fluctuations and plans for stock buybacks to enhance shareholder returns.
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- Investment Decision Confirmed: Kinetik Holdings Inc. has announced its final investment decision for Kings Landing II, planning to construct a natural gas processing plant with a capacity of 300 million cubic feet per day, a 50% increase from the originally contemplated 200 million cubic feet, reflecting the company's confidence in the ongoing growth in the Northern Delaware Basin.
- Project Cost and Capacity: The Kings Landing II project is estimated to cost approximately $260 million, and upon completion, it will increase Kinetik's system-wide processing capacity to over 2.7 billion cubic feet per day, further solidifying its leadership position in the natural gas processing market.
- Future Expansion Potential: The design of KLII preserves the ability to add a third processing plant with a capacity of 200 million cubic feet per day, which not only provides flexibility for future growth but also meets the increasing demands of customers.
- Capital Expenditure Outlook: With the increased processing capacity of KLII, Kinetik expects to reach the upper end of its 2026 capital expenditure guidance range, thereby enhancing its financial health and competitive position in the market.
See More
Kinetik Reports Record Q1 2026 Earnings Amid Market Challenges
- Record Profitability: Kinetik achieved a record adjusted EBITDA of $251 million in Q1 2026, reflecting strong conversion of opportunities into new and amended agreements in Texas and New Mexico, thereby enhancing its competitive position in the market.
- Contract Expansion: A significant amendment with a large existing customer in New Mexico expands dedicated acreage by approximately 25% and extends terms through 2039, indicating the company's long-term commitment and stable revenue sources in key markets.
- Capital Efficiency Improvement: The zero CapEx interconnection agreement with Pecos Power provides a new fee-based template for monetizing existing operations, expected to generate additional revenue as power demand in the Permian region grows.
- Market Risk Management: Despite challenges from Waha price volatility, Kinetik reaffirms its 2026 adjusted EBITDA guidance range of $950 million to $1.05 billion, demonstrating resilience and proactive planning in an uncertain market environment.
See More
Kinetik Holdings (KNTK.US) 10% Stakeholder Plans to Sell $27.02 Million in Common Shares via Form 144
Stock Sale Announcement: ISQ Global Fund II GPL LLC plans to sell 534,560 shares of Kinetik Holdings (KNK) on April 30, with a market value of approximately $27.02 million.
Reduction in Holdings: ISQ Global Fund II GPL LLC has reduced its shareholding in Kinetik Holdings by 4.54 million shares since February 26, 2026, with a total value of around $205.57 million.
See More
Kinetik Holdings (KNTK.US) 10% Stakeholder Plans to Sell $9.1 Million in Common Shares via Form 144
Stock Sale Announcement: ISQ Global Fund II GPL LLC plans to sell 183,430 shares of Kinetik Holdings (KNK.US) on April 29, with a market value of approximately $9.1 million.
Reduction in Holdings: ISQ Global Fund II GPL LLC has reduced its shareholding in Kinetik Holdings by 4.35 million shares since February 26, 2026, valued at around $196.48 million.
See More
Kinetik Appoints Craig Harris to Board of Directors
- New Board Member: Kinetik Holdings Inc. announced the appointment of Craig Harris to its Board of Directors, effective June 23, 2026, bringing over 30 years of experience in the energy sector, covering engineering, operations, and corporate strategy.
- Rich Industry Background: Prior to joining Kinetik, Harris served as a Senior Managing Director at Blackstone's credit business and held senior leadership roles at 3Bear Energy, Enable Midstream Partners, and El Paso Corporation, showcasing his extensive background in the midstream industry.
- Strategic Value Enhancement: Kinetik's President and CEO Jamie Welch stated that Harris's leadership skills and strategic perspective will strengthen the Board, with expectations of providing valuable insights for the company's growth and value creation objectives.
- Company Overview: Kinetik is a fully integrated midstream corporation operating in the Delaware Basin of Texas, offering comprehensive gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water, committed to delivering extensive services to its clients.
See More
Energy Stocks Gain Appeal with Significant Dividend Yields
- Energy Sector Appeal: While the S&P 500's dividend yield is only 1.1%, the energy sector boasts a yield of 2.7%, highlighting investment opportunities, particularly with 69 U.S.-listed energy stocks yielding over 3%.
- Chevron's Reliability: Chevron (CVX) offers a 3.7% dividend yield and has increased its payout for 39 consecutive years, demonstrating reliability and cost management that allows it to remain profitable even when oil prices decline.
- Delek Logistics Growth Potential: Delek Logistics (DKL), with a market cap of $2.7 billion, has an impressive 8.8% dividend yield and is projected to achieve 23.7% year-over-year earnings growth in 2026, showcasing its competitive edge in the midstream energy sector.
- Kinetik's Market Opportunities: Kinetik Holdings (KNTK) yields 6.3% and has reiterated its 2026 EBITDA guidance, with management noting significant insulation from oil price fluctuations and plans for stock buybacks to enhance shareholder returns.
See More
Kinetik Announces Final Investment Decision for Kings Landing II
- Investment Decision Confirmed: Kinetik Holdings Inc. has announced its final investment decision for Kings Landing II, planning to construct a natural gas processing plant with a capacity of 300 million cubic feet per day, a 50% increase from the originally contemplated 200 million cubic feet, reflecting the company's confidence in the ongoing growth in the Northern Delaware Basin.
- Project Cost and Capacity: The Kings Landing II project is estimated to cost approximately $260 million, and upon completion, it will increase Kinetik's system-wide processing capacity to over 2.7 billion cubic feet per day, further solidifying its leadership position in the natural gas processing market.
- Future Expansion Potential: The design of KLII preserves the ability to add a third processing plant with a capacity of 200 million cubic feet per day, which not only provides flexibility for future growth but also meets the increasing demands of customers.
- Capital Expenditure Outlook: With the increased processing capacity of KLII, Kinetik expects to reach the upper end of its 2026 capital expenditure guidance range, thereby enhancing its financial health and competitive position in the market.
See More
Kinetik Reports Record Q1 2026 Earnings Amid Market Challenges
- Record Profitability: Kinetik achieved a record adjusted EBITDA of $251 million in Q1 2026, reflecting strong conversion of opportunities into new and amended agreements in Texas and New Mexico, thereby enhancing its competitive position in the market.
- Contract Expansion: A significant amendment with a large existing customer in New Mexico expands dedicated acreage by approximately 25% and extends terms through 2039, indicating the company's long-term commitment and stable revenue sources in key markets.
- Capital Efficiency Improvement: The zero CapEx interconnection agreement with Pecos Power provides a new fee-based template for monetizing existing operations, expected to generate additional revenue as power demand in the Permian region grows.
- Market Risk Management: Despite challenges from Waha price volatility, Kinetik reaffirms its 2026 adjusted EBITDA guidance range of $950 million to $1.05 billion, demonstrating resilience and proactive planning in an uncertain market environment.
See More
Kinetik Holdings (KNTK.US) 10% Stakeholder Plans to Sell $27.02 Million in Common Shares via Form 144
Stock Sale Announcement: ISQ Global Fund II GPL LLC plans to sell 534,560 shares of Kinetik Holdings (KNK) on April 30, with a market value of approximately $27.02 million.
Reduction in Holdings: ISQ Global Fund II GPL LLC has reduced its shareholding in Kinetik Holdings by 4.54 million shares since February 26, 2026, with a total value of around $205.57 million.
See More
Kinetik Holdings (KNTK.US) 10% Stakeholder Plans to Sell $9.1 Million in Common Shares via Form 144
Stock Sale Announcement: ISQ Global Fund II GPL LLC plans to sell 183,430 shares of Kinetik Holdings (KNK.US) on April 29, with a market value of approximately $9.1 million.
Reduction in Holdings: ISQ Global Fund II GPL LLC has reduced its shareholding in Kinetik Holdings by 4.35 million shares since February 26, 2026, valued at around $196.48 million.
See More
