Investor Presentaiton
2024E Capital Expenditures Guidance (1)
Transition to a significantly reduced capital program resulting in robust Free Cash Flow generation (2)
2024E Capital Expenditures (1) ($mm)
$531
KINETIK
(1)
(2)
Pipeline
Transportation
$287
Midstream
Logistics
$244
2023 Capital Expenditures
$125 to $165
2024 Guidance
Guidance
$125mm to
$165mm
Key Drivers
•
•
High-pressure gathering for New Mexico expansion
Maintenance capital elevated with major compressor
maintenance and mole sieve bed change outs
•
Growth capital includes well connects, compression, and
looping projects supporting existing customers
Completion of front-end amine treating at Pecos Bend
A non-GAAP measure. See "Non-GAAP Financial Measures Reconciliation."
Capital contribution at JV Pipes will be categorized as "Investment in unconsolidated affiliates" in Kinetik's financials. JV Pipe capital contributions included in Kinetik's Capital Expenditures Guidance for simplicity.
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