Diamondback Energy, Inc. (NASDAQ:FANG), Kinetik Holdings Inc. (NYSE:KNTK), and EPIC Midstream Holdings disclosed a series of transactions to enhance the growth and financial profile of EPIC Crude Holdings, LP. As part of the deal, Diamondback and Kinetik acquired a 30% equity interest in EPIC Crude, with each now owning 27.5% of the company. EPIC Midstream holds a 45% equity interest in EPIC Crude and manages its operations. EPIC Crude transports over 600 MBpd and has secured MVCs for about 90% of its 2025 volumes, extending the weighted average contract life. Its strategy allows customers acc…
