APA Corp. Amends Kinetik Holdings Stake Filing

TL;DR

APA Corp. updated its Kinetik Holdings stake filing. Watch for changes.

AI Summary

APA Corp. filed an amendment (No. 8) to its Schedule 13D on March 20, 2024, regarding its holdings in Kinetik Holdings Inc. The filing indicates a change in the reporting person's beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. APA Corp. is a significant entity in the energy sector, focused on crude petroleum and natural gas.

Why It Matters

This filing updates information on significant beneficial ownership, which can signal changes in control or strategic interest in Kinetik Holdings Inc. by APA Corp.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate shifts in major shareholder positions, which can impact stock price and corporate strategy.

Key Players & Entities

• APA Corp. (company) — Filing entity
• Kinetik Holdings Inc. (company) — Subject company
• Ben C. Rodgers (person) — Contact person

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• d787784dsc13da.htm (SC 13D/A) — 50KB
• 0001193125-24-072319.txt ( ) — 52KB

of the Schedule 13D is hereby amended and supplemented by adding the following

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On March 18, 2024, pursuant to an underwritten public offering, Apache Midstream sold 13,079,871 shares of Class A Common Stock. As a result of the foregoing, Apache Midstream directly owns 0 shares of Class A Common Stock. Item5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and supplemented as follows

Item 5 of the Schedule 13D is hereby amended and supplemented as follows: Sections (a), (b) and (e) of Item 5 are amended and restated as follows: (a) The Reporting Persons beneficially owned the following number of shares of Class A Common Stock, representing the following percentage ownership in the Issuer (see the footnotes to the cover pages hereto): Name of Reporting Person Number of Shares Beneficially Owned Percentage in the Issuer APA Corporation 0 0 % Apache Midstream 0 0 % (b) As of the close of business on March 18, 2024, the number of shares of Class A Common Stock as to which each Reporting Person has: (i) Sole power to vote or to direct the vote; (ii) Shared power to vote or to direct the vote; (iii) Sole power to dispose or to direct the disposition; or (iv) Shared power to dispose or to direct the disposition. Name of Reporting Person Sole Power to Vote or to Direct the Vote Shared Power to Vote or to Direct the Vote Sole Power to Dispose or to Direct the Disposition Shared Power to Dispose or to Direct the Disposition APA Corporation 0 0 0 0 Apache Midstream 0 0 0 0 (e) On March 18, 2024, the Reporting Persons ceased to beneficially own more than 5% of the outstanding shares of Class A Common Stock. Page 4 of 5 CUSIP No. 02215L209 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: March 20, 2024 APA CORPORATION By: /s/ Ben C. Rodgers Name: Ben C. Rodgers Title: Senior Vice President, Treasurer and Midstream and Marketing APACHE MIDSTREAM LLC By: /s/ Ben C. Rodgers Name: Ben C. Rodgers Title: Senior Vice President and Treasurer Page 5 of 5

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View this SC 13D/A filing on SEC EDGAR