Forward looking statements This presentation includes certain statements that may constitute forward-looking statements for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements…
Who is Kinetik A business poised to capitalize on a world class, low-cost supply basin and strong natural gas/NGL fundamentals NYSE-listed corporate entity with a market capitalization of 9 billion Pure-play midstream company solely…
Why Kinetik The industrys only public Permian pure-play midstream business Scaled 3.7 Bcfpd of gas & 2.4 Bcfpd processing 8 counties midstream 1.8 Mmbpd of liquid capacity(1) Operations across Texas and New Mexico pipelines…
Premier Delaware Basin platform with compelling scale Extensive gathering system across Texas and New Mexico Opportunistically primed for Permian market share gains Third largest processor in the Delaware Basin with over 2.4 Bcfpd…
Broad system reach across the Delaware Basin Unique downstream connectivity positioned to support basin-wide growth Processing Facilities PHP Kinetik System Shin Oak Under Construction EPIC Crude Maljamar New Super-system Connection…
A full-service, integrated midstream model Fee-based business with mission critical infrastructure Gas processing and Crude and produced Gas gathering Intrabasin pipelines Long-haul pipelines treating water solutions Extensive…
Strong natural gas fundamentals enhance Kinetiks value proposition Supply push from the Delaware Basin and demand pull to the US Gulf Coast to drive value Global electrification movement resulting in rising energy demand Global…
Natural gas critical to meet growing electricity demand in Texas ERCOT forecasts electrical demand to nearly double by 2034(1) ERCOT load forecast (GW)(1) 2023 Power generation by fuel source (GWh)(2) 30,000 Gas Coal & Nuclear…
Long-lived Permian natural gas is critical for US Gulf Coast LNG expansion US natural gas demand expected to increase nearly 20% by 2030 driven largely by LNG(1) Permian supply forecast (Bcfpd and % US Demand)(1) Permian supply and LNG…
Track record of volume growth Kinetik processed gas volume growth continues to outpace the underlying Permian Basin Indexed Gas Volume Growth Since 2021(1) Durango Permian acquisition, commercial successes and strong asset…
Strategic capital investments drive growth in 2025 and beyond Highly accretive projects drive long-term value creation and attractive volume growth Kings Landing Cryo I Adds 200 Mmcfpd of processing capacity, doubling Delaware North…
Expanding reach throughout New Mexico Delivering on our vision of a fully connected super-system New Project Highlights Large diameter, high-pressure pipeline connector from Eddy County, Maljamar NM to Culberson County, TX Dagger…
Bolt-on acquisition extends Delaware South position New gas and crude gathering systems located primarily in Reeves County, TX are a natural fit with Kinetik Acquisition Highlights Multi-stream opportunity for natural gas gathering,…
Financial highlights Attractive financial profile with opportunity for significant growth and accelerated returns to shareholders 17% 87% 3.2x 2023 2024E Adj. EBITDA growth(1,2) 2024E Gross Profit tied to fixed fees Leverage Ratio,…
Our capital allocation framework: Now clearly in focus Maximizes shareholder value while providing flexibility for opportunistic capital deployment 3.5x leverage target(1) Outperformed leverage target(1) with the strategic…
2023 Sustainability Report: Energy for Change Demonstrating our commitment to unlocking the potential of energy for a better tomorrow Environmental Community 32% and 14% reductions in methane emissions and GHG Over 1.2mm in donations…
Kinetik at a glance ONE OF THE LARGEST PURE-PLAY MIDSTREAM COMPANIES SOLELY IN THE PERMIAN BASIN Offices in Midland and Houston, TX OPERATES 8 MAJOR COMPLEXES (2) EQUITY INTERESTS INTERESTS IN & OVER 4,800 MILES OF PIPELINE IN…
For more information: Board of Viewpoint with Leadership Sustainability Directors Dennis Quaid
Glossary of terms Adjusted EBITDA (EBITDA) is defined as net income including non-controlling interests adjusted for interest, taxes, depreciation and amortization, impairment charges, asset write-offs, the proportionate EBITDA from…
Non-GAAP Measures Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net Income Including Noncontrolling Interests to Adjusted EBITDA (In thousands) Net income including noncontrolling…
Non-GAAP Measures Reconciliation Nine Months Ended September 30, 2024 2023 Reconciliation of net cash provided by operating activities to Adjusted EBITDA (In thousands) Net cash provided by operating activities 493,356 405,585 Net…
Non-GAAP Measures Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Distributable Cash Flow(1) (In thousands) Adjusted EBITDA (non-GAAP) 265,683 215,324 733,644 610,825 Proportionate…
Non-GAAP Measures Reconciliation September 30, June 30, March 31, 2024 2024 2024 (In thousands) Net Debt(1) Short-term debt 150,000 148,800 Long-term debt, net 3,279,689 3,258,403 3,517,115 Plus: Debt issuance costs, net 27,311…
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