Kinetik Hit by Waha Natural Gas Price Slump; Infrastructure, LNG Offer Relief
Kinetik Holdings Inc. faced a challenging third quarter, as plunging Waha natural gas prices and related production shut-ins weighed on volumes and earnings. However, the Permian Basin midstream operator expects relief as new takeaway capacity comes online over the next year.

At A Glance:
- Waha hub prices collapse
- Processed volumes up 8%
- Company cites LNG and pipeline growth