Kinetik acquisitions, on the record

Word for word“In the first quarter of 2023, the Partnership closed on a purchase and sale agreement for certain midstream assets for $ 65.0 million together with a new 20-year midstream service agreement.” 10-K for 2023

Word for word“On February 22, 2022 (the "Closing Date"), the Company consummated the business combination transaction (the "Transaction") contemplated by that certain Contribution Agreement, dated as of October 21, 2021 (the "Contribution Agreement"), by and among the Company, Altus Midstream LP (now known as Kinetik Holdings LP) (the "Partnership"), New BCP Raptor Holdco, LLC, a Delaware limited liability company ("Contributor") and BCP.” 10-K for 2023

Word for word“In addition, the Company completed the Delaware Link Pipeline in 2023 and acquired full ownership and operatorship of approximately 30 miles of 16-inch NGL pipeline connected to the Diamond Cryogenic complex called the Brandywine NGL Pipeline ("Brandywine Pipeline") in 2022.” 10-K for 2023

Word for word“As part of the acquisition of Permian Gas on June 11, 2019, consideration included a contingent liability arrangement with PDC Permian, Inc. ("PDC").” 10-K for 2023

Word for word“On December 10, 2024, the Company announced it has entered into a definitive agreement with Permian Resources Corporation ("Permian Resources") to acquire certain natural gas and crude oil gathering systems assets, primarily located in Reeves County, Texas, for $178.4 million of cash consideration ("Permian Resources Midstream Acquisition").” 10-K for 2024

Word for word“During the third quarter 2024, the Company consummated the Equity Sale and Purchase Agreement with Dos Rios Crude Intermediate LLC to purchase a 12.5% equity interest in EPIC.” 10-K for 2024

Word for word“On June 24, 2024, the Company completed the acquisition of all of the membership interests of Durango Permian LLC and its wholly owned subsidiaries for an adjusted purchase price of approximately $785.7 million (“Durango Acquisition”).” 10-K for 2024

Word for word“On June 4, 2024, the Company sold its 16% equity interest in GCX pursuant to the GCX Purchase Agreement for an adjusted purchase price of $524.4 million (the "GCX Sale"), including a $30.0 million earn out in cash upon the approval by the GCX Board of Directors of one or more capital projects that achieve certain capacity expansion criteria.” 10-K for 2024

Word for word“The Altus Acquisition was accounted for as a reverse merger pursuant to ASC 805.” 10-K for 2024

Word for word“On January 14, 2025, the Company completed the previously announced bolt-on acquisition with Permian Resources Corporation, who directly owned all of the issued and outstanding membership interests of (a) RC Permian Gathering, LLC, a Delaware limited liability company (“Permian Gathering”) and (b) Barilla Draw Gathering, LLC, a Delaware limited liability company (“Barilla Draw”), to acquire all issued and outstanding membership interests of Permian Gathering and Barilla Draw (the “Barilla Draw Acquisition”) for $175.5 million of cash consideration.” 10-K for 2025

Word for word“On June 24, 2024, the Company consummated the transaction contemplated by the Membership Interest Purchase Agreement (the “Durango MIPA”), dated May 9, 2024, by and between the Company, the Partnership, and Durango Midstream LLC, an affiliate of Morgan Stanley Equity Partners (the “Durango Seller”), pursuant to which the Partnership purchased all of the membership interests of Durango Permian LLC and its wholly owned subsidiaries (“Durango”) from Durango Seller (“Durango Acquisition”).” 10-K for 2025