Investor Presentaiton
Meaningful gas volume and Adjusted EBITDA growth (1)
Nearly 30% expected Adjusted EBITDA growth since 2021 despite weaker commodity prices (1)(2)
Indexed Gas Volume Growth (3)
I Kinetik processed gas volume
growth has been 2x underlying
Permian Basin growth
KINETIK
Adj. EBITDA ($mm) and Waha Natural Gas Price ($/ MMBtu)(1)(4)
~30% Growth (2)
$839
$822
$737
$933
22%
Kinetik
11%
Permian Gas
Growth
Dec-22
Mar-23
Jun-23
Sep-23 Dec-23
Mar-24
Jun-24
Sep-24
Dec-24
$5.24
$5.22
$1.68
$1.59
2021(5)
2022 (5)
2023
2024E(6)
(1)
(2)
A non-GAAP measure. See "Non-GAAP Financial Measures Reconciliation."
Reflects midpoint of 2024E Adjusted EBITDA Guidance versus 2021 Pro Forma Adjusted EBITDA.
(3)
(4)
(6)
Source: EIA DPR as of January 12th, 2024 and internal. Kinetik processed gas volume growth and Permian gas production growth indexed beginning 4Q22. 2024 estimates reflect internal forecasts and assume linear growth.
Source: Bloomberg. 2021, 2022, and 2023 reflect annual average Waha Hub index daily price. 2021 includes impact of Winter Storm Uri. Excluding February 2021 would be $3.42/MMBtu. 2024E assumes Waha pricing as of February 16th, 2024.
(5) Reflects pro forma Adjusted EBITDA.
Midpoint of 2024E Adjusted EBITDA Guidance.
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