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Investor Presentaiton

Strong natural gas fundamentals enhance Kinetik's value proposition Supply push from the Delaware Basin and demand pull to the US Gulf Coast to drive value IK 費 € Global electrification movement resulting in rising energy demand • . KINETIK Global electricity demand is at record highs and expected to increase by up to 76% by 2050(1) Electrification is critical to improving standards of living, raising the global poverty scale and creating more equitable opportunities Natural gas is meeting this incremental global demand • Today, natural gas accounts for approximately 25% of global electricity generation and will continue to capture market share as the world demands cleaner sources of energy (2) Energy transition cannot occur without natural gas • • Natural gas for electricity generation results in a 50% reduction in CO2 and methane emissions(3) Natural gas is a cost-effective, reliable transition fuel to back up the variability and intermittency of renewable energy sources LNG facilities driving US Gulf Coast demand pull The ability to store, liquefy and ship natural gas globally has created a growing market opportunity with US Gulf Coast LNG demand expected to more than double by 2030(4) Delaware Basin is one of the most prolific resources in North America to provide economical access to natural gas Delaware Basin fundamentals reinforced by significant inventory across several benches at low- end of the cost curve Kinetik is well-positioned to support continued basin growth with its integrated pipeline system, moving natural gas from the wellhead to the US Gulf Coast (1) Source: EIA International Energy Outlook, October 2023. (2) Source: International Energy Agency. July 2023. (3) (4) Replacement of coal with natural gas for electricity generation. Source: International Energy Agency, 2019. Source: Wood Mackenzie North America Gas Markets Long-Term Outlook, October 2023. 6
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