Kinetik Subsidiary Settles NGL Purchase Agreement Dispute with Energy Transfer

Kinetik Holdings' subsidiary, EagleClaw Midstream Ventures (ECMV), has reached a settlement with Energy Transfer GC NGL Product Services (ET) to resolve a dispute concerning the expiration date of a natural gas liquids (NGL) purchase agreement.

Key Details

• Settlement Outcome: The parties agreed and confirmed that the term of the ECMV NGL purchase agreement will officially end on December 31, 2026.
• Parties Involved: The settlement is between Kinetik's subsidiary, EagleClaw Midstream Ventures, LLC, and Energy Transfer GC NGL Product Services, LLC.
• Ongoing Litigation: This NGL purchase agreement was one of two contracts with ET subject to previously disclosed litigation; a separate dispute awaits adjudication.