Invesco Ltd. reduced its stake in Kinetik Holdings Inc. by 4.9% in the first quarter, owning 1.186 million shares valued at $61.6 million. The company reported strong quarterly earnings, with $0.33 earnings per share, exceeding the consensus estimate of $0.14, and a 18.7% year-over-year revenue increase. Kinetik declared a quarterly dividend of $0.78, resulting in an annualized payout of $3.12 and a 7.6% dividend yield, though the payout ratio is unusually high at 421.62%. Other institutional investors, including Westwood Holdings Group, Cushing Asset Management, Deutsche Bank, Connor Clark & Lunn, and Two Sigma, increased their holdings. Major shareholder Isq Global Fund II GP LLC sold nearly 4.26 million shares, reducing its ownership to 1 share, valued at $44.16. Kinetik operates as a midstream energy company in the Texas Delaware Basin, headquartered in Midland, Texas, with a market cap of $6.45 billion, a P/E ratio of 55.18, and a beta of 3.03. The stock has a 1-year range of $39.33 to $67.60, with a 50-day moving average of $42.49 and a 200-day average of $47.40.

Leading midstream companies in North America are expanding infrastructure to meet rising natural gas demand, driven by LNG exports and increased power generation. Key operators such as Kinder Morgan, Enterprise Products Partners, Enbridge, Williams Cos., Energy Transfer, ONEOK, and DT Midstream are investing in pipeline capacity, processing facilities, and storage projects, with a strong focus on the Permian Basin. Companies are also adjusting portfolios through strategic asset sales and acquisitions, such as Plains All American selling its Canadian NGL business to Keyera Corp for $3.75 billion and acquiring additional stakes in the BridgeTex Pipeline. The sector anticipates sustained growth in gas and crude volumes, despite low commodity prices, and is positioning for long-term structural expansion in natural gas and oil infrastructure.

Energy Transfer (ET) has reached a final investment decision (FID) on the Desert Southwest pipeline expansion, which will add 516 miles of 42-inch pipe from Texas to central Arizona, increasing capacity to 1.5 billion cubic feet per day (Bcf/d). The project aims to improve market access for Permian Basin natural gas supply and could reduce reliance on a competing pipeline proposal by Kinder Morgan (KMI). ET expects the project to come online in the fourth quarter of 2029. The expansion is expected to alleviate supply constraints in the Southwest region, support growing demand from data centers and the upcoming ECA LNG project in Mexico, and provide additional egress for Permian shippers. The move may also benefit San Juan Basin producers by freeing up pipeline capacity, though it risks reducing their competitive edge if Permian production expands rapidly. The project will include an open season later in the third quarter of 2025, with potential for future capacity expansion beyond 1.5 Bcf/d. Meanwhile, U.S. natural gas volumes declined slightly, and prices remain near $3.00/MMBtu with some downward pressure in the prompt-month contract.

The article discusses how modernizing Non-Emergency Medical Transportation (NEMT) through digital infrastructure can improve healthcare access, reduce costs, and enhance patient outcomes. It highlights the limitations of traditional, paper-based NEMT systems and advocates for a shift to real-time routing, automated billing, and interoperability with electronic health records and member apps. Key benefits include reduced no-shows, improved care coordination, lower administrative costs, and greater equity in healthcare access. The article features Sufian Chowdhury, Founder & CEO of Kinetik, a SaaS startup that has raised $32M+ and built the nation’s largest NEMT infrastructure, connecting health plans, brokers, and providers via API-driven platforms.

East Daley Analytics predicts a shift in Permian Basin producer behavior as rising LNG and data center demand expands the U.S. natural gas market by 20% or more. Producers are reducing Capex guidance by $2B due to geopolitical volatility, while pipeline expansions and LNG demand are driving a focus on gas production. Key projects like WhiteWater Midstream’s Blackcomb Pipeline and Kinder Morgan’s Gulf Coast Express expansion are expected to increase egress capacity by 2027, supporting a potential 5-10 Bcf/d of gas from the Permian Basin.