ISQ Global Fund II GP LLC sold 6,963 shares of Kinetik Holdings Inc. (NASDAQ: KNTK) for $384,116 on August 21, 2026, according to regulatory filings.
The transaction occurred at a weighted average price of $55.1654 per share, with individual prices ranging from $55.01 to $55.50. Following the sale, ISQ Global Fund II GP LLC retains an indirect beneficial ownership of 918,824 shares in Kinetik Holdings.
Kinetik's Class A common stock was trading near its 52-week high of $56.10 at the time of the transaction. The shares have gained 59% year-to-date and 29% over the past six months.
ISQ Global Fund II GP LLC is the general partner of ISQ Global Fund II, whose sole member is I Squared Capital, LLC. Buzzard Midstream LLC holds the reported shares indirectly, while ISQ Holdings, LLC serves as the managing member of I Squared Capital. Sadek Wahba and Gautam Bhandari, members of ISQ Holdings, disclaim beneficial ownership except for their pecuniary interest.
Kinetik reported adjusted earnings of $0.64 per share in the second quarter of 2026, exceeding the analyst consensus of $0.25 per share. Revenue reached $581.44 million, surpassing the projected $438.25 million. The company also posted record quarterly adjusted EBITDA of $281 million.
For the full year, Kinetik raised its adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion.
Clear Street downgraded Kinetik Holdings from Buy to Hold, assigning a price target of $57.00. The downgrade cited limited upside potential following the stock's strong year-to-date performance.
