Share Sale by ISQ Global Fund II GP LLC
ISQ Global Fund II GP LLC, a director and 10% owner of Kinetik Holdings Inc. (NASDAQ:KNTK), executed three transactions between September 14 and September 16, 2026, disposing of a total of 14,483 shares of Kinetik Class A Common Stock. The sales were broken down as follows: 1,025 shares on September 14, 4,686 shares on September 15, and 8,772 shares on September 16. Prices ranged from $55.0617 to $55.1505 per share, resulting in aggregate proceeds of approximately $797,771. After these disposals, ISQ Global Fund II GP LLC, through its indirect ownership via Buzzard Midstream LLC, retained 713,845 shares of Kinetik Class A Common Stock and continues to exercise voting and investment authority over these securities.
Kinetik Holdings Q2 2026 Performance
Kinetik Holdings L.P. reported second‑quarter 2026 results that exceeded Wall Street expectations. Adjusted earnings per share were $0.64, markedly above the consensus estimate of $0.25. Revenue for the quarter reached $581.44 million, surpassing the forecast of $438.25 million. The company also raised its full‑year 2026 adjusted EBITDA guidance to a range of $1.04 billion to $1.10 billion. The stock traded near its 52‑week high of $56.92, reflecting a strong year‑to‑date return of 57% and an attractive dividend yield of 5.94%.
Strategic Considerations and Analyst Commentary
Kinetik is reportedly evaluating strategic options, including a potential sale, with Blackstone Inc. providing backing as the company engages advisers. No definitive decision has been announced, and the firm may elect to remain independent. In parallel, Clear Street downgraded Kinetik’s rating from Buy to Hold, citing limited upside after the substantial YTD performance; the firm set a price target of $57.00.