KINETIK BASIS OF PRESENTATION This presentation includes non-GAAP financial measures, including adjusted EBITDA, pro forma adjusted EBITDA, capital investment, growth capital investments, distributable cash flow, free cash flow, pro forma distributable cash flow, pro forma free cash flow, net debt, leverage, and dividend coverage. Kinetik believes these non-GAAP measures are useful because they allow Kinetik to more effectively evaluate its operating performance and compare the results of its operations fro ...