Kinetik Holdings Inc. Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million

Reuters

Sep 02

<a href="https://laohu8.com/S/ALTMW">Kinetik Holdings Inc.</a> Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million

Kinetik Holdings Inc. (NYSE: KNTK) has announced a definitive agreement to divest its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings for approximately $500 million in net upfront cash. The deal also includes a contingent cash payment of $96 million, pending formal sanctioning of a capacity expansion of EPIC Crude. The transaction values 100% of EPIC Crude at an upfront valuation of $2.85 billion, with an additional $350 million for the contingent consideration. The deal is anticipated to close by early 2026, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetik Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902702400) on September 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ALTMW\">Kinetik Holdings Inc.</a> Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/KNTK\">Kinetik Holdings Inc.</a> (NYSE: KNTK) has announced a definitive agreement to divest its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of <a href=\"https://laohu8.com/S/PAAPU\">Plains All American Pipeline, L.P.</a> and Plains GP Holdings for approximately $500 million in net upfront cash. The deal also includes a contingent cash payment of $96 million, pending formal sanctioning of a capacity expansion of EPIC Crude. The transaction values 100% of EPIC Crude at an upfront valuation of $2.85 billion, with an additional $350 million for the contingent consideration. The deal is anticipated to close by early 2026, subject to customary closing conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetik Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. 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Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-02 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ALTMW\">Kinetik Holdings Inc.</a> Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/KNTK\">Kinetik Holdings Inc.</a> (NYSE: KNTK) has announced a definitive agreement to divest its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of <a href=\"https://laohu8.com/S/PAAPU\">Plains All American Pipeline, L.P.</a> and Plains GP Holdings for approximately $500 million in net upfront cash. The deal also includes a contingent cash payment of $96 million, pending formal sanctioning of a capacity expansion of EPIC Crude. The transaction values 100% of EPIC Crude at an upfront valuation of $2.85 billion, with an additional $350 million for the contingent consideration. The deal is anticipated to close by early 2026, subject to customary closing conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetik Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902702400) on September 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250902:nNDL2S7XY4:1","article_id":"2564489804","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564489804","pubTimestamp":1756814514,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kinetik Holdings Inc.  has announced a definitive agreement to divest its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings for approximately $500 million in net upfront cash. The deal also includes a contingent cash payment of $96 million, pending formal sanctioning of a capacity expansion of EPIC Crude. The transaction values 100% of EPIC Crude at an upfront valuation of $2.85 billion, with an additional $350 million for the contingent consideration. The deal is anticipated to close by early 2026, subject to customary closing conditions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Announces Sale of 27.5% Equity Interest in EPIC Crude to Plains All American for $500 Million\n    \n\nKinetik Holdings Inc. (NYSE: KNTK) has announced a definitive agreement to divest its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings for approximately $500 million in net upfront cash. The deal also includes a contingent cash payment of $96 million, pending formal sanctioning of a capacity expansion of EPIC Crude. The transaction values 100% of EPIC Crude at an upfront valuation of $2.85 billion, with an additional $350 million for the contingent consideration. The deal is anticipated to close by early 2026, subject to customary closing conditions.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetik Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902702400) on September 02, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}