Energy › Natural Gas Transmission
KNTK Stock Price Correlated With Kinetik Holdings Financials
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Income Statement
Cash Flow
Balance Sheet
KNTK Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
KNTK Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
KNTK Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
Welch Jamie Chief Executive Officer, President, Chief Financial Officer
8,125 sh at $35
$286,325
Buy
Major Holders (from 13F filings)
Investment Type
Change
Value (x$1000)
increase or decrease
Blackstone Group
7,614,305 sh
1,702,312 sh
29%
29%
$267,567
$82,522
Neuberger Berman Group
2,133,885 sh
4,500 sh
0%
0%
$74,984
-$70,365,077
Blackrock.
1,815,437 sh
121,973 sh
7%
7%
$63,794
-$55,955,996
Vanguard Group
1,733,931 sh
363,001 sh
26%
26%
$60,930
$18,020
Tortoise Capital Advisors
550,438 sh
-5,151 sh
-1%
-1%
$19,342
$1,952
Jennison Associates
500,977 sh
85,894 sh
21%
21%
$17,604
$4,612
Cohen & Steers.
500,645 sh
-5,203 sh
-1%
-1%
$18
$2
Geode Capital Management
400,556 sh
36,073 sh
10%
10%
$14,076
$2,668
State Street
388,127 sh
37,859 sh
11%
11%
$13,639
$2,676
Hotchkis & Wiley Capital Management
359,046 sh
-4,280 sh
-1%
-1%
$12,617
$1,245
Victory Capital Management
326,838 sh
-114 sh
0%
0%
$11,485
$1,251
Bank Of New York Mellon
323,343 sh
-19,890 sh
-6%
-6%
$11,363
$619
Ameriprise Financial
308,665 sh
-43,700 sh
-12%
-12%
$10,846
-$183
Renaissance Technologies
229,062 sh
14,000 sh
7%
7%
$8
-$7,106
Millennium Management
225,891 sh
186,012 sh
466%
466%
$7,938
$7,937
Morgan Stanley
206,134 sh
-703 sh
0%
0%
$7,243
$769
Yaupon Capital Management Lp
205,067 sh
-45,136 sh
-18%
-18%
$7,206
-$625
Advisors Asset Management.
197,157 sh
28,311 sh
17%
17%
$6,928
-$5,578,498
Bank Of America /De/
188,424 sh
40,688 sh
28%
28%
$6,621
$1,809
Northernrp
182,642 sh
20,382 sh
13%
13%
$6,419
$1,340
COMPANY PROFILE
Note 1—Description of Organization and Business
Operations
Organization and General
Kayne Anderson Acquisition Corp. (the “Company”) was
incorporated in Delaware on December 12, 2016. The Company was
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses (the
“Initial Business Combination”). The Company’s
focus is to search for a target business in the energy industry.
The Company is an “emerging growth company,” as defined
in Section 2(a) of the Securities Act of 1933, as amended, or
the “Securities Act,” as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”).
On April 4, 2017, the Company closed its initial public
offering (“Public Offering”) (See Note 3). The
Company will not generate any operating revenues until after
completion of its Initial Business Combination, at the earliest.
The Company generates non-operating income in the form of interest
income on cash and cash equivalents from the proceeds derived from
the Public Offering. The Company has selected December 31 as
its fiscal year end.
Sponsor
The Company’s sponsor is Kayne Anderson Sponsor, LLC, a
Delaware limited liability company (the “Sponsor”).
The Trust Account
The proceeds from the Company’s Public Offering, held in the
trust account with American Stock Transfer & Trust
Company, LLC acting as trustee (the “Trust Account”)
are invested in money market funds that meet certain conditions
under Rule 2a-7 under the Investment Company Act of 1940, as
amended (the “Investment Company Act”) and that invest
only in direct U.S. government obligations. Funds will remain in
the Trust Account until the earlier of (i) the consummation of
the Initial Business Combination or (ii) the distribution of
the Trust Account proceeds as described below. The remaining
proceeds outside the Trust Account may be used to pay for business,
legal and accounting due diligence on prospective acquisitions and
continuing general and administrative expenses.
The Company’s amended and restated certificate of
incorporation provides that, other than the withdrawal of interest
to pay taxes, if any, none of the funds held in the Trust Account
will be released until the earlier of: (i) the completion of
the Initial Business Combination; (ii) the redemption of any
shares of Class A Common Stock included in the units (the
“Public Shares”) sold in the Public Offering that have
been properly tendered in connection with a stockholder vote to
amend the Company’s certificate of incorporation to modify
the substance or timing of its obligation to redeem 100% of such
shares of Class A Common Stock if it does not complete the
Initial Business Combination within 24 months from the closing
of the Public Offering; and (iii) the redemption of 100% of
the shares of Class A Common Stock included in the Units sold
in the Public Offering if the Company is unable to complete an
Initial Business Combination within 24 months from the closing
of the Public Offering (subject to the requirements of law). The
proceeds deposited in the Trust Account could become subject to the
claims of the Company’s creditors, if any, which could have
priority over the claims of the Company’s public
stockholders.
Initial Business Combination
The Company’s management has broad discretion with respect to
the specific application of the net proceeds of the Public
Offering, although substantially all of the net proceeds of the
Public Offering are intended to be generally applied toward
consummating an Initial Business Combination. The Initial Business
Combination must occur with one or more target businesses that
together have an aggregate fair market value of at least 80% of the
assets held in the Trust Account (excluding the deferred
underwriting commissions and taxes payable on income earned on the
Trust Account) at the time
Operations
Organization and General
Kayne Anderson Acquisition Corp. (the “Company”) was
incorporated in Delaware on December 12, 2016. The Company was
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses (the
“Initial Business Combination”). The Company’s
focus is to search for a target business in the energy industry.
The Company is an “emerging growth company,” as defined
in Section 2(a) of the Securities Act of 1933, as amended, or
the “Securities Act,” as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”).
On April 4, 2017, the Company closed its initial public
offering (“Public Offering”) (See Note 3). The
Company will not generate any operating revenues until after
completion of its Initial Business Combination, at the earliest.
The Company generates non-operating income in the form of interest
income on cash and cash equivalents from the proceeds derived from
the Public Offering. The Company has selected December 31 as
its fiscal year end.
Sponsor
The Company’s sponsor is Kayne Anderson Sponsor, LLC, a
Delaware limited liability company (the “Sponsor”).
The Trust Account
The proceeds from the Company’s Public Offering, held in the
trust account with American Stock Transfer & Trust
Company, LLC acting as trustee (the “Trust Account”)
are invested in money market funds that meet certain conditions
under Rule 2a-7 under the Investment Company Act of 1940, as
amended (the “Investment Company Act”) and that invest
only in direct U.S. government obligations. Funds will remain in
the Trust Account until the earlier of (i) the consummation of
the Initial Business Combination or (ii) the distribution of
the Trust Account proceeds as described below. The remaining
proceeds outside the Trust Account may be used to pay for business,
legal and accounting due diligence on prospective acquisitions and
continuing general and administrative expenses.
The Company’s amended and restated certificate of
incorporation provides that, other than the withdrawal of interest
to pay taxes, if any, none of the funds held in the Trust Account
will be released until the earlier of: (i) the completion of
the Initial Business Combination; (ii) the redemption of any
shares of Class A Common Stock included in the units (the
“Public Shares”) sold in the Public Offering that have
been properly tendered in connection with a stockholder vote to
amend the Company’s certificate of incorporation to modify
the substance or timing of its obligation to redeem 100% of such
shares of Class A Common Stock if it does not complete the
Initial Business Combination within 24 months from the closing
of the Public Offering; and (iii) the redemption of 100% of
the shares of Class A Common Stock included in the Units sold
in the Public Offering if the Company is unable to complete an
Initial Business Combination within 24 months from the closing
of the Public Offering (subject to the requirements of law). The
proceeds deposited in the Trust Account could become subject to the
claims of the Company’s creditors, if any, which could have
priority over the claims of the Company’s public
stockholders.
Initial Business Combination
The Company’s management has broad discretion with respect to
the specific application of the net proceeds of the Public
Offering, although substantially all of the net proceeds of the
Public Offering are intended to be generally applied toward
consummating an Initial Business Combination. The Initial Business
Combination must occur with one or more target businesses that
together have an aggregate fair market value of at least 80% of the
assets held in the Trust Account (excluding the deferred
underwriting commissions and taxes payable on income earned on the
Trust Account) at the time
Free historical financial statements for Kinetik Holdings Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 22 quarters since 2018. Compare with KNTK stock chart to see long term trends.
Data imported from Kinetik Holdings Inc. SEC filings. Check original filings before making any investment decision.