Isq global fund II GP, Kinetik Holdings director, sells $18.9m shares

ISQ Global Fund II GP LLC, which holds a 10% stake in Kinetik Holdings Inc. (NASDAQ: KNTK), recently sold approximately 360,337 shares of the company's Class A Common Stock for around $18.96 million. The transactions occurred from August 13 to August 17, 2026, with share prices fluctuating between $51.3848 and $54.0939 per share.

On August 13, 2026, the fund sold 113,075 shares, followed by 112,160 shares on August 14 and 135,102 shares on August 17. Notably, this sale comes as the stock is near its 52-week high of $54.12, having posted a strong year-to-date return of 55%.

After these sales, ISQ Global Fund II GP LLC, through its indirect ownership, now holds 993,792 shares of Kinetik Holdings Class A Common Stock. The shares are held indirectly by Buzzard Midstream LLC, with ISQ Global Fund II GP LLC exercising control as the general partner of the members' indirect ownership. Despite the significant sales, Kinetik Holdings remains undervalued according to InvestingPro analysis, which suggests potential upside.

Kinetik Holdings has been performing well recently, with its second-quarter 2026 earnings surpassing analyst expectations. The company reported adjusted earnings of $0.64 per share, compared to the expected $0.25, alongside revenue of $581.44 million, exceeding the forecasted $438.25 million. Kinetik also raised its full-year adjusted EBITDA guidance to between $1.04 billion and $1.1 billion, driven by improved operations and favorable commodity conditions, which led to a record quarterly adjusted EBITDA of $281 million.

However, Clear Street recently downgraded Kinetik Holdings to a "Hold" rating from "Buy," citing limited upside potential following the stock's 35% year-to-date outperformance. This downgrade was based on the stock's near-52-week high, despite Kinetik's management pointing to operational improvements, such as reduced fuel loss and enhanced gas recovery, as contributing factors to the positive financial results.

Despite the downgrade, Kinetik's management remains optimistic about the company's strategic enhancements and future prospects.