KNTK - 1 Ultra-High-Yield Dividend Stock to Put on Your Radar
Kinetik Holdings (NASDAQ: KNTK) is a relatively new company. It formed earlier this year when Altus Midstream combined with BCP Raptor Holdco, the parent company of Eagle Claw Midstream. The combination created a larger-scale midstream company focused on the oil-rich Delaware Basin.
Here's a closer look at the company and why dividend investors might want to put it on their watchlist.
Kinetik Holdings operates a diversified midstream business in the Delaware Basin. The company has extensive natural gas , crude oil, and water gathering infrastructure and is the largest natural gas processor in the region, with 2 billion cubic feet per day of capacity. It also owns interests in four key pipelines from the Permian Basin to the Gulf Coast:
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1 Ultra-High-Yield Dividend Stock to Put on Your Radar