Kinetik Holdings Inc.

GLOSSARY OF TERMS

The following are abbreviations and definitions of certain terms which may be used in this Annual Report on Form 10-K (“Annual Report”) and certain terms which are commonly used in the exploration, production and midstream sectors of the oil and natural gas industry:

•A/R Facility. Accounts Receivable Securitization Facility

•ASC. Accounting Standards Codification

•ASU. Accounting Standards Updates

•Bbl. One stock tank barrel of 42 United States (“U.S.”) gallons liquid volume used herein in reference to crude oil, condensate or natural gas liquids

•Bcf. One billion cubic feet

•Bcf/d. One Bcf per day

•Breviloba. Breviloba, LLC

•Btu. One British thermal unit, which is the quantity of heat required to raise the temperature of a one-pound mass of water by one degree Fahrenheit

•CODM. Chief Operating Decision Maker

•Delaware Basin. Located on the western section of the Permian Basin. The Delaware Basin covers a 6.4 million acre area

•EBITDA. Earnings before interest, taxes, depreciation, and amortization

•EMI or EMIs. Equity Method Investment(s)

•EPIC. Epic Crude Holdings, LP

•FASB. Financial Accounting Standards Board

•FOMC. Federal Open Market Committee

•Field. An area consisting of a single reservoir or multiple reservoirs, all grouped on, or related to, the same individual geological structural feature or stratigraphic condition. The field name refers to the surface area, although it may refer to both the surface and the underground productive formations

•Formation. A layer of rock which has distinct characteristics that differs from nearby rock

•GAAP. United States Generally Accepted Accounting Principles

•GHG. Greenhouse gas

•IRC. Internal Revenue Code

•MBbl. One thousand barrels of crude oil, condensate or NGLs

•MBbl/d. One MBbl per day

•Mcf. One thousand cubic feet of natural gas

•Mcf/d. One Mcf per day

•MMBtu. One million British thermal units

•MMcf. One million cubic feet of natural gas

•MMcf/d. One MMcf per day

•MVC. Minimum volume commitments

•NGL or NGLs. Natural gas liquids. Hydrocarbons found in natural gas, which may be extracted as liquefied petroleum gas and natural gasoline

•PHP. Permian Highway Pipeline, LLC

•Throughput. The volume of crude oil, natural gas, NGLs, water and refined petroleum products transported or passing through a pipeline, plant, terminal or other facility during a particular period

•SEC. United States Securities and Exchange Commission

•SOFR. Secured Overnight Financing Rate

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