Isq global fund II gp llc sells $14.3m Kinetik Holdings (KNTK) stock

ISQ Global Fund II GP LLC, a significant investor in Kinetik Holdings Inc., divested a substantial portion of its Class A Common Stock holdings in mid-September 2026. The company sold a total of 265,572 shares, generating approximately $14.35 million across multiple transactions. The shares were sold at prices ranging from $53.5857 to $54.7211, reflecting the stock's near-52-week high of $56.92.

Notably, ISQ Global Fund II GP LLC sold 108,977 shares on September 17 for a weighted average price of $53.8362, followed by another 96,262 shares on September 18 at a weighted average price of $54.0565. The final transaction occurred on September 21, with the sale of 21,511 shares at a weighted average price of $53.5857. Following these significant sales, ISQ Global Fund II GP LLC indirectly retains ownership of 448,273 shares of Kinetik Holdings Class A Common Stock through Buzzard Midstream LLC, of which ISQ Global Fund II GP LLC serves as the general partner.

Despite the recent sales, Kinetik Holdings has demonstrated robust financial performance in Q2 2026, surpassing Wall Street expectations with adjusted earnings of $0.64 per share and revenue of $581.44 million. The company's full-year 2026 adjusted EBITDA guidance has been revised to a range of $1.04 billion to $1.1 billion. However, Kinetik Holdings is currently under consideration for a potential sale, with discussions in progress and no final decision reached.

Analysts have expressed mixed views on the stock, with Clear Street downgrading Kinetik Holdings' rating from Buy to Hold, citing limited upside potential.