Kinetik Holdings Inc.


Priced an upsized underwritten secondary offering of roughly 3.5 million shares of its Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corp., at a price of $58 per share. The offering was upsized from the previously announced 2.5 million shares based on strong investor demand. Underwriters have been granted a 30-day option to purchase up to an additional 521,739 shares of Kinetik’s Class A common stock. Kinetik is not selling any shares of Class A common stock in the offering and will not receive the proceeds from any sale of shares. BofA Securities, J.P. Morgan and Morgan Stanley are joint lead book-running managers. Barclays, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, Mizuho Securities, RBC Capital Markets, TD Securities, Truist Securities and Wells Fargo Securities are joint book-running managers. Capital One Securities, MUFG and Scotiabank are co-managers.

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