Kinetik Investor Presentation March 2024

Kinetik is a pure-play Permian midstream company positioned as the fourth largest processor in the Permian Basin with ~2 Bcfpd processing capacity. The company operates fee-based crude, water, and gas gathering businesses with an integrated pipeline footprint across the Delaware Basin, serving ~35 customers with an average contract life of ~9 years. Approximately 95% of 2024 gross profit is derived from fee-based agreements and hedges, providing stable earnings and cash flow supported by investment-grade and rising-star counterparties.