Kinetik Holdings Inc. has announced the sale of its 27.5% equity interest in EPIC Crude Holdings, LP to a subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings for approximately $500 million in net upfront cash. An additional contingent cash payment of $96 million is possible if a capacity expansion of EPIC Crude is formally sanctioned. The transaction values 100% of EPIC Crude at $2.85 billion, with an additional $350 million potential for the contingent consideration. The cash proceeds from the transaction will be used for general corporate purposes, and the deal is expected to close by early 2026.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-197243), on September 05, 2025, and is solely responsible for the information contained therein.