Investor Presentaiton

Our path to achieving our near-term financial priorities Focused on Free Cash Flow generation, accelerating shareholder returns and financial flexibility(1) KINETIK Kinetik's action plan Significantly reduced 2024E capital program i Meaningful 2024E Adjusted EBITDA growth (1) Continue to expand supply from New Mexico 1 Completion of core shareholder commitment to the DRIP with 4Q23 dividend(3) | Multi-year hedging program 3.5x leverage (2) / Investment Grade $1Bn $1Bn Adjusted EBITDA target(1) A non-GAAP measure. See "Non-GAAP Financial Measures Reconciliation." (1) (2) As defined in our Revolving Credit Facility due 2027. (3) Pursuant to the Stockholders Agreement. $ Incremental capital to shareholders i 16

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