Cushing Asset Management Increases Kinetik Holdings Stake by 855,000 Shares

Cushing Asset Management LP has nearly doubled its stake in Kinetik Holdings by buying 855,000 shares, raising its total position to 1.8 million shares valued at $66.5 million as of quarter-end. The position now accounts for 3.8% of the fund's assets under management. This move follows Kinetik's recent quarterly dividend increase by 4% to $0.81.