Kinetik Holdings Explores Sale Amid Interest from Western Midstream Partners
Kinetik Holdings is considering a sale after Western Midstream Partners expressed interest. The company, valued at $7.20 billion, is responding to rising U.S. gas consumption from data centers and LNG exports. The sale process is in the early stages and no formal bids have been made yet.
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Kinetik Holdings, a Delaware Basin pipeline operator, is exploring a potential sale following interest from Western Midstream Partners, backed by Occidental Petroleum. The company is valued at $7.20 billion and has initiated a sale process to gauge interest from strategic and infrastructure buyers.
This decision comes amid rising U.S. gas consumption linked to data centers and LNG exports. Currently, discussions are preliminary, with no formal bids submitted.
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