Kinetik rises after report says pipeline operator exploring sale
10/09/2026 13:22
BUZZ-Kinetik rises after report says pipeline operator exploring sale ** Shares of pipeline operator Kinetik Holdings KNTK.N rise 2.3% to $56.89 premarket
** KNTK is in the early stages of exploring a potential sale of the company, Reuters reported on Wednesday, citing three sources familiar with the matter
** Kinetik is working with advisers on the process and no deal was guaranteed, the report adds
** Investment firm Blackstone BX.N controls around 48% of Kinetik, with infrastructure investor I Squared Capital owning roughly 19%
** Kinetik and Blackstone declined to comment. I Squared did not respond to a comment request
** KNTK shares have risen 51% YTD
(Reporting by Vallari Srivastava in Bengaluru)
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