Investor Presentaiton

Our compelling value proposition Kinetik's dividend yield and Free Cash Flow yield rank as one of highest among peers (1) Current Dividend Yield(2) KINETIK Large Cap Peer G&P Peer Kinetik 9% 9% 8% 8% 7% 7% 7% Peer Median: 7% 6% 5% 5% 5% 4% 2% Peer A I KNTK Peer B Peer C Peer D Peer E Peer F Peer G Peer H Peer I Peer J Peer K Peer L 2024E Free Cash Flow Yield(1)(3) 13% 13% 11% 10% 10% 10% 9% Peer Median: 9% 8%- -7% 7% 7% 6% 2% Peer C Peer B KNTK Peer F Peer K Peer A Peer E Peer D Peer G Peer I Peer J Peer H Peer L (1) A non-GAAP measure. (2) (3) FactSet as of March 5th, 2024. Peers include DTM, ENLC, EPD, ET, HESM, KMI, MPLX, OKE, PAA, TRGP, WES, and WMB. FactSet 2024E Free Cash Flow Yield consensus estimates as of March 5th, 2024. Peers include DTM, ENLC, EPD, ET, HESM, KMI, MPLX, OKE, PAA, TRGP, WES, and WMB. 17

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