ALTUS MIDSTREAM CO. overview

MIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“ Kinetik ”, the “ Company ” or “ we ”) today provided full year 2022 Guidance. Highlights Super-system interconnect to be completed in June 2022 allowing for 500 Mmcfpd of bi-directional capacity flow between the legacy Altus Midstream and BCP Raptor systems Upside to original $50 million run-rate EBITDA synergy estimate, including a new gathering and processing agreement with Apache...

KNTK will start trading on the NASDAQ effective tomorrow Kinetik also updates details on Independent Board Members MIDLAND, Texas and HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (“ Kinetik ”, the “ Company ” or “ we ”) today announced the completion of the business combination of Altus Midstream Company (Nasdaq: ALTM) (“ Altus ”) and BCP Raptor Holdco LP (“ BCP ”), creating a unique, fully integrated midstream company. Kinetik is the only pure-play...

HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2021 results. Results can be found on the company’s website at www.altusmidstream.com/investors . About Altus Midstream Company Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns gas gathering, processing and transmission assets servicing production in the Delaware Basin and owns...

HOUSTON, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its shareholders voted in favor of the previously announced business combination with BCP Raptor Holdco, LP (“BCP”), the parent company of the EagleClaw Midstream business. The all-stock business combination is expected to close on or around Feb. 22, 2022 (“Closing”). New Company Name Altus also announced the combined company will operate as Kinetik after Closing. “The name reflects...

HOUSTON, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced it has filed its definitive proxy statement with the Securities Exchange Commission (SEC) and established Jan. 10, 2022 as the record date in connection with the previously announced business combination with BCP Raptor Holdco LP (“BCP”), the parent company of EagleClaw Midstream. The company set Feb. 10, 2022 as the stockholder meeting date to vote on the business combination. The definitive...

HOUSTON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced third-quarter 2021 results. Results can be found on the company’s website by visiting www.altusmidstream.com/investors . There will be a conference call Nov. 4 at 1 p.m. Central time to discuss the results. It will be webcast and archived on Altus’ website and available for playback by telephone for one week. The number for the replay is (855) 859-2056 or (404) 537-3406 for international calls....

HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its board of directors has declared a cash dividend on the company’s Class A common shares. The dividend on Class A common shares is payable Dec. 30, 2021, to stockholders of record on Nov. 30, 2021, at a rate of $1.50 per share. This constitutes the full-year $6 per share dividend for 2021. About Altus Midstream Company Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream...

Combination forms the largest integrated midstream company in the Delaware Basin with an estimated enterprise value today of $9 billion The combined company generates a balanced mix of earnings from midstream gathering and processing and long-haul pipeline transportation, representing approximately 65% and 35% of 2022 estimated EBITDA, respectively Operates approximately 2 Bcf per day of newly constructed cryogenic natural gas processing facilities in the Delaware Basin with more than 850,000...