Investor Presentaiton
Organization structure
Apache
(1)
(2)
$1.2bn
Term Loan A
due June 2026
$1.25bn
Revolving Credit Facility
due June 2027
Blackstone
9% interest(1)
50% interest(1)
I SQUARED CAPITAL
21% interest(1)
Public /
Management
20% interest(1)
KINETIK
(NYSE: KNTK)
$0.8bn
2028 Senior Notes
Kinetik Holdings LP
Fully unsecured capital structure
No asset level or structurally senior debt
No hybrid securities
Target investment grade ratings
Current credit ratings (2)
Fitch: BB+, Positive Outlook
$1.0bn
2030 Senior Notes
Midstream Logistics Segment
•
Moody's: Ba1, Stable Outlook
S&P: BB+, Stable Outlook
Pipeline Transportation Segment
KINETIK
100.0% interest
100.0% interest
100.0% interest
100.0% interest
100.0% interest
16.0% interest
55.5% interest
33.0% interest
15.0% interest
BCP Raptor I
(Eagle Claw +
Pinnacle G&P)
BCP Raptor II
(Caprock G&P)
As of March 6th, 2024.
Credit ratings are not a recommendation to buy, sell or hold any security.
Alpine High
Gathering and
Processing
Delaware Link
Pipeline
Kinetik NGL
Gulf Coast
Express
Pipeline
Permian
Highway
Pipeline
Shin Oak NGL
Pipeline
EPIC Crude
Pipeline
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