Kinetik Shares Jump 5% on Sale Exploration

Kinetik Shares Jump 5% on Sale Exploration

Kinetik Holdings Inc. (NYSE:KNT) saw its shares rise 5% in after‑hours trading on Wednesday following a Bloomberg News report that the energy pipeline company is exploring strategic options, including a potential sale. The report, citing sources familiar with the matter, indicated that the Blackstone Inc.-backed firm is working with advisers to prepare for a possible sale process that could commence within weeks, although no final decision has been made and the company could also choose to remain independent.

During regular market hours, Kinetik closed down 0.8% at $54.55 per share, which values the company at approximately $8.9 billion. Over the past twelve months, the stock has appreciated about 30%, reflecting strong performance that may make it an attractive target for acquirers in the energy infrastructure sector.

Kinetik operates energy pipeline infrastructure and is partially owned by Blackstone Inc. Representatives for both Kinetik and Blackstone declined to comment on the potential sale. The article notes that it was generated with AI assistance and reviewed by an editor.