UNITED STATES SECURITIES AND EXCHANGE COMMISSION Altus Midstream Company Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-38048 Securities registered pursuant to section 12(g) of the Act: None (Exact name of regis ...

ALTUS MIDSTREAM COMPANY | --- | --- | |-----------------------|--------------| | | | | | | | | | | Investor Presentation | | | | | | February 2021 | Nasdaq: ALTM | Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, ...

Financial Data and Key Metrics Changes - Altus reported third quarter net income of $29 million, including a $4 million unrealized embedded derivative loss [16] - Adjusted EBITDA for the third quarter was approximately $53 million, a 21% increase over the previous quarter [16][19] - Year-over-year operating expenses decreased by 33%, marking the fifth consecutive quarter of reduced operating expenses [13] Business Line Data and Key Metrics Changes - Gas volumes in the gathering and processing (G&P) segment increased by 22% from the second quarter, reflecting higher system uptime and returning curtailed volumes [11] - NGL volumes on the Shin Oak pipeline remained flat compared to the prior quarter, with a modest ramp expected in 2021 [10] - The EPIC Crude Oil Pipeline continues to be affected by reduced production in the Permian Basin, with gradual volume increases anticipated as drilling activity picks up [10] Market Data and Key Metrics Changes - The Permian Highway pipeline is over 97% mechanically complete and is expected to be in service in early 2021, designed to transport up to 2.1 billion cubic feet per day of natural gas [10] - The Gulf Coast Express pipeline is performing strongly, delivering results in line with forecasts [10] Company Strategy and Development Direction - The company has shifted its focus from gas gathering and processing to long-haul joint venture pipeline projects, adapting to a changing operating environment [8] - Altus plans to initiate a substantial dividend beginning in 2021, reflecting confidence in cash flows and limited future capital needs [15][22] - The company aims to leverage its competitive position in the Permian Basin and explore growth opportunities in third-party business and M&A [30] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the outlook for the fourth quarter and 2021, citing signs of stability and progress in commodity prices and production activity [6] - The company believes it is well-positioned to capitalize on growth opportunities in the G&P sector, particularly as market conditions improve [32] Other Important Information - Altus has a manageable leverage profile and expects to maintain a debt-to-adjusted EBITDA ratio of 2 to 3x through 2022 [21][23] - The company has ample funding sources and does not anticipate needing to access capital markets for growth financing [21] Q&A Session Summary Question: Why is the dividend set at $1.50 per share? - Management explained that the $1.50 quarterly dividend is manageable based on cash generation from underlying assets, with a coverage ratio of 1.8x for distributable cash flow [29] Question: How will the dividend impact future growth opportunities? - Management indicated that while the dividend will consume a portion of free cash flow, there are still growth opportunities in the G&P business and potential third-party deals [30][32] Question: What is the cash flow stability from joint ventures? - Management confirmed confidence in cash flows from joint ventures, particularly from the Permian Highway pipeline, which is expected to provide significant stability [36][38] Question: How does the political landscape affect operations? - Management stated that the company feels insulated from political changes and believes assets will perform well regardless of the administration [40] Question: What is the status of the preferred equity and refinancing? - Management noted that there are no immediate shifts in timing for preferred equity refinancing, and the current distribution rate is manageable [45]

ALTUS MIDSTREAM COMPANY | --- | --- | |-----------------------|--------------| | | | | | | | | | | Investor Presentation | | | November 2020 | Nasdaq: ALTM | Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 Altus Midstream Company (Exact name of registrant as specified in its charter) (State or other ju ...

Altus Midstream Company (ALTM) Q2 2020 Earnings Conference Call July 30, 2020 2:00 PM ET Company Participants Patrick Cassidy - IR Clay Bretches - CEO Ben Rodgers - CFO Conference Call Participants Chad Bryant - Credit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to the Altus Midstream Second Quarter 2020 Earnings Conference Call. [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would now like to hand the conferen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 Altus Midstream Company (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Altus Midstream Company July 2020 Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact, included in this presentation regarding Altus Midstream Company's ("Altus Mi ...

Altus Midstream Company (ALTM) Q1 2020 Earnings Conference Call May 7, 2020 2:00 PM ET Company Participants Patrick Cassidy - Director of IR David Bretches - Chairman, CEO & President Ben Rodgers - CFO, Treasurer Conference Call Participants Spiro Dounis - Credit Suisse Operator Ladies and gentlemen, thank you for standing by. And welcome to the Altus Midstream Company First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38048 Altus Midstream Company (Exact name of registrant as specified in its charter) (State or other jurisd ...