KNTK - Dividend announcements

Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a

HOUSTON and MIDLAND, Texas, June 08, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik") today announced that it has successfully completed its comprehensive refinancing (the "Refinancing") consisting of a new, five-year $1.25 billion unsecured revolving credit facility (fully undrawn at close), a new, three-year $2.0 billion unsecured term loan A facility and $1.0 billion 5.875% sustainability-linked senior notes due 2030. Following the Refinancing, Kinetik now has a fully unsecured capital structure. Kinetik used the net proceeds from the Refinancing to repay and retire all existing consolidated debt facilities and will subsequently redeem its Series A Preferred in

HOUSTON and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today announced that the Board of Directors has approved and declared a two-for-one split of the Company's Common Stock in the form of a stock dividend ("Stock Split"). The Company anticipates that the Stock Split will increase liquidity in the trading of the Company's stock and will make its stock more accessible to its employees and investors. The Stock Split will be accomplished by distributing one additional share of Class A Common Stock for each share of Class A Common Stock outstanding and one additional share of Class C Common Stock for each share of Class