Sep. 9 at 10:36 PM
Kinetik Holdings, backed by Blackstone, is reportedly evaluating strategic alternatives, including a potential sale, with financial advisers preparing for a formal process that could launch within weeks. No final decision has been made, and the company could ultimately remain independent. Kinetik and Blackstone declined to comment.
The potential transaction comes amid strong operating momentum. Kinetik’s second-quarter 2026 revenue increased 36% year over year, while net income more than doubled, prompting management to raise its full-year 2026 outlook. The company’s approximately 4,600-mile pipeline network, stretching from the Permian Basin to the Gulf Coast, makes it an attractive strategic asset for potential buyers.
Interest in a sale is not new. Western Midstream Partners approached Kinetik earlier this year, prompting the company to explore potential buyer interest and underscoring the strategic value of its midstream infrastructure.
$KNTK