Business Context and Reporting Period
This Form 8-K is a current report filed by Altus Midstream Company (not Kinetik Holdings Inc.) on April 12, 2019. The filing reports a corporate governance event regarding the appointment of a new executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Craig Collins as Chief Operating Officer (COO), effective April 29, 2019. Mr. Collins will also serve as Vice President, U.S. Midstream Operations, for Apache Corporation, the Company's indirect controlling stockholder. No material contracts, plans, or compensatory arrangements were entered into or amended in connection with this appointment.
Management Commentary and Risks
Management highlights Mr. Collins' extensive experience, including 15 years at Anadarko Petroleum Corporation and recent roles at Alta Mesa Resources and Kingfisher Midstream, LLC. The filing confirms no related person transactions or family relationships with other directors or officers. No specific risks, contingencies, or unusual items are disclosed in this document.
Investor Verification Checklist
- Verify the effective date of Craig Collins' appointment (April 29, 2019).
- Confirm the dual role of Mr. Collins at Altus Midstream and Apache Corporation.
- Review the attached press release (Exhibit 99.1) for additional details on the appointment.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.