Kinetik (KNTK) investor relations material

Strategic positioning and business overview

• Operates as a pure-play midstream company in the Permian Basin, focusing on natural gas and NGLs with an integrated super-system spanning the Delaware Basin and access to multiple premium downstream markets.

• Maintains a fee-based business model with over 5,000 miles of gathering lines, 2.7 Bcf/d processing capacity, and diversified services including crude and water solutions.

• System connectivity and scale provide reliability, efficiency, and enhanced economic value for customers, supporting basin-wide growth.

Recent project and operational highlights

• Achieved FID on KLII, adding 300 MMcf/d processing capacity; ECCC Pipeline placed in service with expansion planned for 2027.

• Drilling underway on AGI well at Kings Landing, with in-service targeted by year-end 2026.

• Advanced construction on Diamond Volt power project and executed long-term gas sales and transport agreements.

Market fundamentals and growth drivers

• Benefiting from structural tailwinds: gassier production, increased takeaway capacity, and rising power demand, especially from data centers.

• Delaware Basin GOR expected to rise nearly 75% by 2050, with significant egress capacity additions reducing Waha discount.

• Processed gas volume growth consistently outpaces overall Permian Basin growth, with acceleration expected in 2H26.