Kinetik Holdings Publishes 2024 Sustainability Report, Highlights Emissions Reductions and Safety Achievements

Kinetik Holdings has published its 2024 Sustainability Report, highlighting a 14% reduction in Scope 1 greenhouse gas emissions and a 50% reduction in methane emissions. The company has also entered a long-term agreement with Infinium for CO2 supply and received EPA approval for its Monitoring, Reporting, and Verification Plan. Additionally, Kinetik has prioritized safety, achieving a 90% reduction in Lost Time Incident Rate and an 81% reduction in Total Recordable Incident Rate since 2022.

Houston, Texas — Kinetik Holdings Inc. (NYSE: KNTK), a leading midstream services provider in the Delaware Basin, has published its 2024 Sustainability Report, highlighting significant strides in its environmental and safety initiatives. The report, prepared in accordance with the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB), and the Energy Infrastructure Council (EIC) / GPA Midstream Association Reporting Framework, offers a comprehensive overview of the company's progress towards a safer, lower-carbon, and more reliable energy future.

One of the key achievements highlighted in the report is a 14% reduction in Scope 1 greenhouse gas emissions and a 50% reduction in methane emissions from the 2021 baseline. This progress underscores Kinetik's commitment to reducing its environmental footprint and aligns with its long-term sustainability goals. Furthermore, Kinetik has outpaced its 2030 methane intensity reduction target by six years, achieving a 30% reduction.

The report also details Kinetik's strategic partnership with Infinium, where the company has entered into a long-term agreement to supply CO2 as feedstock for ultra-low carbon electrofuels at Infinium's Project Roadrunner facility, currently under construction. Additionally, Kinetik has received approval from the Environmental Protection Agency (EPA) for its Monitoring, Reporting, and Verification Plan for three Class II Acid Gas Injection wells, further demonstrating its dedication to regulatory compliance and environmental stewardship.

Safety remains a paramount concern for Kinetik. The report highlights a 90% reduction in the Lost Time Incident Rate and an 81% reduction in the Total Recordable Incident Rate since 2022. These improvements reflect the company's commitment to safe operations and its ongoing efforts to mitigate risks. Kinetik's dedication to safety has been recognized with three GPA Midstream Safety Awards, including an accolade for one million workhours without a lost time incident.

The report also emphasizes Kinetik's philanthropic efforts, with the company contributing over $1.9 million to nonprofit organizations and charitable causes, including the Permian Strategic Partnership and BEAR – Be a Resource for CPS Kids in Houston, Texas.

Kinetik's 2024 Sustainability Report underscores the company's strong operational execution and commitment to sustainability. The progress made towards long-term sustainability and financial goals reinforces Kinetik's position as a best-in-class midstream services provider in the Delaware Basin.

References:
[1] https://www.businesswire.com/news/home/20250731740192/en/Kinetik-Publishes-2024-Sustainability-Report