APA Corp. Amends Kinetik Holdings Stake Filing
Ticker: APA · Form: SC 13D/A · Filed: Mar 20, 2024 · CIK: 1841666
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
APA Corp. updated its Kinetik Holdings stake filing - ownership changes afoot.
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 beneficial ownership, though specific details on the percentage change or dollar amounts are not immediately available in this excerpt. APA Corp. is a Delaware-based company focused on crude petroleum and natural gas.
Why It Matters
This amendment signals a potential shift in the ownership structure or strategy of Kinetik Holdings Inc., which could impact its stock performance and market position.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased stock volatility.
Key Players & Entities
- APA Corp. (company) — Filing entity
- Kinetik Holdings Inc. (company) — Subject company
- Ben C. Rodgers (person) — Signatory
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing for APA Corp. regarding Kinetik Holdings Inc.?
The provided excerpt does not specify the exact percentage or number of shares changed, only that an amendment (No. 8) was filed on March 20, 2024, indicating a change in beneficial ownership.
What is the CUSIP number for Kinetik Holdings Inc. Class A Common Stock mentioned in the filing?
The CUSIP number for Kinetik Holdings Inc. Class A Common Stock is 02215L209.
What is the business address of APA Corp. as listed in the filing?
APA Corp.'s business address is 2000 Post Oak Blvd, Suite 100, Houston, TX 77056.
What was the former name of Kinetik Holdings Inc. before its name change?
Kinetik Holdings Inc. was formerly known as Altus Midstream Co, with a name change date of November 13, 2018.
What is the Standard Industrial Classification (SIC) code for APA Corp.?
The Standard Industrial Classification (SIC) code for APA Corp. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 1,111 words · 4 min read · ~4 pages · Grade level 8.7 · Accepted 2024-03-20 10:36:56
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