Kinetik Holdings Inc. announced it has entered into a series of agreements under which Kinetik will provide low-pressure and high-pressure natural gas gathering and processing services under a newly executed, 15-year agreement with a large existing Kinetikcustomer in Eddy County, New Mexico, an approximately $200 million capital investment through 2026. Kinetik anticipates an approximately 5 times run-rate EBITDA investment multiple. The contract will commence at year-end, starting with gathering services and extend to processing services starting in the second quarter of 2025.
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- Kinetik Holdings Inc. Enters into a 15-Year Agreement to Provide Low-Pressure and High-Pressure Gas Gathering and Processing Services