Table of Contents
⚠ Disclaimer: This entry may be incomplete, out of date, or inaccurate. It is AI-maintained on a best-effort basis. Do not rely on it as a sole source — verify claims independently using the sources listed below.
Summary
Kinetik Holdings Inc. (NYSE: KNTK) is a Permian Basin gas processor and pipeline owner. Its relevance here is two-fold: it moves and processes Delaware Basin gas that feeds Texas power and LNG demand, and it is itself building a small behind-the-meter power project to serve its own plant. Its Q2 2026 release cites “LNG exports and data center developments” as demand drivers for Permian gas but, in the portion reviewed, names no data center customer (Business Wire, 2026-08-05).
Key Facts
- Status: active
- Type: Public (NYSE: KNTK); value-chain position: pipeline operator / gatherer-processor
- Q2 2026: net income incl. noncontrolling interest $123.1M; adjusted EBITDA $280.8M; net debt $3.94B (3.85x)
- 2026 guidance (raised): adjusted EBITDA $1.04B–$1.10B; capex about $560M
- Kings Landing II: FID May 2026; about $260M; mid-2028; system processing capacity 2.7 Bcf/d in 2028
- Diamond Volt: 40 MW behind-the-meter generation at the Diamond Cryo Complex; in service expected Q2 2027
- Waha constraint: about 250 MMcf/d of Waha-related shut-ins in Q2; about 25 MMcf/d average curtailments assumed in H2 2026
- Pipelines: Permian Highway and Shin Oak outperformed; ECCC pipeline placed in service, expansion anticipated 2027
What It Is / How It Works
Kinetik gathers and processes gas in the Delaware Basin and transports residue gas and NGLs. Waha-hub price weakness and takeaway limits are the context for new Permian pipelines such as Hugh Brinson (see Energy Transfer) and Permian Link (see Kinder Morgan). Diamond Volt is on-site power for Kinetik’s own facility, not a data center supply project.
Notable Developments
- 2026-08-05: Q2 results; guidance raised; Kings Landing II FID (May); firm Gulf Coast residue gas market access from 2027. (Business Wire)
Key People
Per Kinetik’s management page (Kinetik IR, fetched 2026-10-21). LinkedIn: not found for all; social accounts not searched.
- Jamie Welch — President and CEO (since February 2022). Previously CEO of BCP Raptor Holdco GP (from April 2019); Senior Advisor, Blackstone Energy Partners (from July 2016); Group CFO and Head of Business Development, Energy Transfer Equity family (June 2013 to February 2016); Credit Suisse (Head of EMEA Investment Banking and of the Global Energy Group); Lehman Brothers; attorney at Milbank Tweed and Minter Ellison. ⚑ Overlap: Energy Transfer.
- Steve Stellato — EVP, Chief Administrative Officer and Chief Accounting Officer. VP and Controller, Energy Transfer Partners, six years; CST Brands and CrossAmerica Partners (2015 to 2017); KPMG. ⚑ Overlap: Energy Transfer.
- Matt Wall — EVP and COO. Joined BCP GP in 2017; earlier Aka Energy Group (2014 to 2017), BCCK Engineering, Southern Union Gas Services.
- Trevor Howard — SVP and CFO. Previously Glenview Capital, Blackstone private equity, Barclays natural resources banking.
- Lindsay Ellis — General Counsel (since February 2025). Previously Archaea Energy, Rice Energy, Gibson Dunn, Vinson & Elkins.
People — Last Reviewed: 2026-10-21
Supply Chain Position
Upstream-midstream: Permian producers to processing to residue-gas pipelines serving Texas power, industrial and LNG markets.
Claim Verification
Claim: Kinetik serves data center power demand
Status: Unverified
Supporting sources: Business Wire cites data center developments as a demand driver
Refuting / questioning sources: No named data center agreement in the release portion reviewed
Summary: Only Diamond Volt (40 MW) is a BTM project, and it serves Kinetik’s own plant.