Investor Presentaiton

2024E Adjusted EBITDA Guidance (1) Recently completed organic growth projects to drive robust double-digit growth YoY(2) 2024E Adjusted EBITDA(¹) ($mm) +11% YoY Growth (2) ~$30-55 $839 ~$20-$30 KINETIK Key Drivers to 2024E Adjusted EBITDA Growth(1) $905 to $960 Midstream Logistics -$65-85 . • Modest volume growth from existing customers Commencement of New Mexico MVC contracts Incentive agreement benefitting gas and produced water volumes Expanded service offerings to include front-end amine treating and blending Pipeline Transportation • • Segment expected to contribute 40% of 2024E Adjusted EBITDA (1) Full year benefit from growth projects ■ Delaware Link placed in-service October 1st, 2023 ■ PHP Expansion placed in-service December 1st, 2023 • Growth at Shin Oak and EPIC Crude Tariff and volume benefit at Kinetik NGL Commodity and cost pressures • Weaker natural gas, NGL and crude prices Unit opex flat year-over-year 2023 Adjusted EBITDA (1) Commodity Prices Midstream Logistics Pipeline Transportation 2024 Guidance ིསེ (1) A non-GAAP measure. See "Non-GAAP Financial Measures Reconciliation." (2) YoY growth at the midpoint of 2024 Financial Guidance. 6

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