What is Kinetik Holdings Inc. currently considering, and what role does Blackstone play in the company?

Kinetik Holdings Inc. is in the early stages of exploring strategic options, including a potential sale, and is working with financial advisers to prepare for a possible sale process that could begin within weeks; no final decision has been made, and the company may remain independent. Blackstone Inc. is the largest shareholder in Kinetik, holding approximately 15% of the company as of midyear, and originally acquired EagleClaw Midstream in 2017 before merging it with Altus Midstream to form Kinetik.

Why might Kinetik be exploring a sale now, and what recent industry activity supports this timing?

Kinetik is coming to market amid a surge in commodity prices driven by the wars in Ukraine and Iran, which has accelerated oil and gas dealmaking; this broader trend is reflected in recent pipeline transactions such as Oneok Inc.’s $4.4 billion acquisition of Brazos Midstream assets and Williams Cos.’ $5.5 billion acquisition of Momentum Midstream.

Blackstone-Backed Kinetik Said to Weigh Potential Sale

Sep 9, 2026

Kinetik Holdings, an energy pipeline firm backed by Blackstone, is exploring a potential sale amid rising commodity prices. The company controls significant gas gathering infrastructure in the Permian Basin and recently reached a market value of $8.9 billion.

bloomberg

2026-09-09

Blackstone-Backed Kinetik Said to Weigh Potential Sale

Blackstone-Backed Kinetik Said to Weigh Potential Sale

FAQ