Kinetik : May 2025 Investor Presentation

Published: 2025-05-20 17:08:04 ET KNTK

Published on 05/20/2025 at 17:08

May 2025

Who is Kinetik?

A business poised to capitalize on a world class, low-cost supply basin and strong natural gas/NGL fundamentals

Strong track record of industry leading volume growth that has consistently outpaced underlying Permian Basin growth and is expected to continue

Levered to strong natural gas fundamentals driven by rising global LNG demand and expected growth in AI data centers

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Why Kinetik?

The industry's only public Permian pure-play midstream business

Scaled

2.4 Bcfpd processing capacity(1)

Third largest in the Delaware Basin

8 counties

Operations across Texas and New Mexico

~3.7 Bcfpd of gas &

~1.8 Mmbpd of liquid pipelines

Throughput capacities

midstream

platform

Historical financial performance

58%

Increase in processed gas volumes since 2021

10%

3-year Adjusted EBITDA CAGR(2)(3)

28%

3-year Free Cash Flow CAGR(2)(3)

Below 3.5x leverage target

Current dividend yield(4)

Financial discipline and transparency

Debt capital structure linked to sustainability performance targets

Following completion of 220 Mmcfpd Kings Landing Complex estimated in 2Q25.

A non-GAAP measure. See "Non-GAAP Financial Measures Reconciliation" for a reconciliation to the nearest comparable GAAP measure.

2024 Actuals compared to 2021 Pro Forma Adjusted EBITDA and Free Cash Flow. 4

KNTK Class A closing share price of $45.36 as of May 16th, 2025.

Premier Delaware Basin platform with compelling scale

Extensive gathering system across Texas and New Mexico

Opportunistically primed for continued Permian market share gains

Third largest processor in the Delaware Basin with over 2.4 Bcfpd processing capacity across Texas and New Mexico(1)

Competitively advantaged with system-wide front-end amine treating

Fee-based crude and water gathering businesses complement gas business

Diversified customer base provides stable earnings

Unique platform that combines a call on significant natural gas upside with traditional associated natural gas growth from oil-directed Permian drilling

Directable plant products provide additional upside

Significant Delaware position and integrated pipeline footprint to benefit from supply-push and demand-pull fundamentals

Delaware Link enhances system reliability and provides direct connectivity to Waha

PHP provides important feedstock supply to demand-pull, export infrastructure

Waha

Midland

Mont

Katy Belvieu

Port Arthur LNG

Shin Oak provides needed NGL supply to rapidly growing Gulf Coast petchem

Kinetik Plant

Texas City Sabine Pass Houston Sweeny

EPIC Crude transports crude oil to refineries and export terminals in Corpus Christi

Operational Highlights

Processing Capacity Over 2.4 Bcfpd(1)

Processing Complexes 8(1)

Operated Pipelines >4,800 miles

Serviced Acres ~1.4mm acres

Customers ~90 customers

(1) Following completion of 220 Mmcfpd Kings Landing Complex estimated in 2Q25.

Kinetik Pipelines ECCC Pipeline EPIC Crude Permian Highway Shin Oak Serviced Acreage Energy Markets LNG Projects

Agua Dulce

Exports to Mexico

Central

Cheniere CCL Corpus Christi

Next Decade Rio Grande LNG

Freeport LNG Freeport

Global LNG and ethane / LPG exports

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Disclaimer

Kinetik Holdings Inc. published this content on May 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 20, 2025 at 21:07 UTC.