Kinetik Holdings Inc. operates through two primary business segments: Midstream Logistics and Pipeline Transportation. The Midstream Logistics segment manages over 3,900 miles of pipelines and offers gas gathering and processing, crude oil gathering and stabilization, and water disposal services directly to producers. The Pipeline Transportation segment holds equity investments in several major Permian Basin pipelines, including the Kinetik NGL Pipeline and the Delaware Link Pipeline, which transport products to the U.S. Gulf Coast. Formed through the 2022 merger of Altus Midstream and EagleClaw Midstream, the company generates the majority of its revenue from natural gas, NGL, and condensate sales, alongside fee-based gathering and processing services. Kinetik functions as a critical infrastructure link connecting prolific Permian production with broader energy markets.
