Kinetik Holdings Inside the NGL Boom: What Contract Renegotiations Really Mean!

Kinetik Holdings Inc. reported its second-quarter 2025 financial results presenting both opportunities and challenges that investors should consider. The company’s leadership, including President and CEO Jamie Welch and CFO Trevor Howard, highlighted several key aspects of their current operations and future outlook, reflected in the mixed results and strategic moves. A major positive development for Kinetik is its significant progress on capital growth projects, particularly the Kings Landing complex in the Delaware Basin. The commissioning of Kings Landing began in June, and the facility is expected to reach full commercial operation by late September. This project is critical as it positions Kinetik to enhance its gas gathering and processing capabilities, especially given the highly economic rock formations in Northern Eddy and Lea Counties. Furthermore, the company has filed a permit for an acid gas injection well to sequester CO2 and H2S, a move seen as pre-emptive given the lengthy lead time for equipment and materials required for such undertakings.