Kinetik Announces Second Quarter Dividend and Financial Results Timing
July 20 2023 - 3:10PM
Business Wire
Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the
“Company”) has declared a cash dividend of $0.75 per share
($3.00 on an annualized basis) for the second quarter ended June
30, 2023. The announced quarterly dividend is consistent with prior
communications and will be paid on Wednesday, August 16, 2023 to
shareholders of record as of market close on Friday, August 4,
2023.
Kinetik will host its second quarter 2023 results conference
call on Tuesday, August 8, 2023 at 8:00 am Central Daylight Time
(9:00 am Eastern Daylight Time) to discuss second quarter results.
The Company will issue its earnings release after market on Monday,
August 7, 2023. The text of the earnings release, the accompanying
presentation and link to the live webcast will be available on the
Company’s website at www.kinetik.com. A replay of the conference
call will also be available on the website following the call.
Kinetik previously implemented a Dividend Reinvestment Plan (the
“DRIP” or the “Plan”) open to all shareholders.
Participation is optional for public shareholders; meanwhile,
Blackstone, I Squared, Apache and Management are reinvesting 100%
of their applicable quarterly dividends under the DRIP. The DRIP
provides Kinetik’s shareholders with the opportunity to have all or
a portion of the cash dividends declared on their common shares
automatically reinvested into additional common shares of the
Company. Shareholders may elect to terminate participation in the
Plan at any time.
A complete description of the Plan is included in the Company’s
Form S-3 registration statement filed with the SEC on April 4, 2022
and is posted on the Company’s website at www.kinetik.com.
To participate, shareholders of record may register online by
visiting the American Stock Transfer’s website at
www.astfinancial.com or by contacting American Stock Transfer, the
Plan Administrator, by telephone toll free from inside the United
States at 1-(800)-278-4353 or outside of the United States at
1-(718)-921-8124. Shareholders may also contact the Plan
Administrator in writing at American Stock Transfer & Trust
Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219. Please include
a reference to Kinetik Holdings Inc. in all correspondence.
Shareholders who own common stock through a broker should consult
their broker regarding participation in the Plan.
About Kinetik Holdings Inc.
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast
midstream C-corporation operating in the Delaware Basin. Kinetik is
headquartered in Houston and Midland, Texas. Kinetik provides
comprehensive gathering, transportation, compression, processing
and treating services for companies that produce natural gas,
natural gas liquids, crude oil and water. Kinetik posts
announcements, operational updates, investor information and press
releases on its website, www.kinetik.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230720542106/en/
Kinetik Investors: Maddie Wagner (713) 487-4832 Alex Durkee
(713) 574-4743
Website: www.kinetik.com
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