This work presents a methodology to extract coherent structures from high-speed schlieren images of turbulent twin jets which are more physically interpretable than those obtained with currently existing techniques. Recently, Prasad and Gaitonde (J Fluid Mech 940:1-11, 2022) introduced an approach which employs the momentum potential theory of Doak (J Sound Vib 131(1):67-90, 1989) to compute potential (acoustic and thermal) energy fluctuations from the schlieren images by solving a Poisson equation, and combines it with spectral proper orthogonal decomposition (SPOD) to educe coherent structures from the momentum potential field instead of the original schlieren field. While the latter field is dominated by a broad range of vortical fluctuations in the turbulent mixing region of unheated high-speed jets, the momentum potential field is governed by fluctuations which are intimately related to acoustic emission, and its spatial structure in the frequency domain is very organized. The proposed methodology in this paper improves the technique of Prasad and Gaitonde (J Fluid Mech 940:1-11, 2022) in three new ways. First, the solution of the Poisson equation is carried out in the frequency-wavenumber domain instead of the time-space domain, which simplifies and integrates the solution of the Poisson equation within the SPOD framework based on momentum potential fluctuations. Second, the issue of solving the Poisson equation on a finite domain with ad hoc boundary conditions is explicitly addressed, identifying and removing those unphysical harmonic components introduced in the solution process. Third, the solution of the SPOD problem in terms of momentum potential fluctuations is used to reconstruct schlieren SPOD fields associated with each mode, allowing the visualization of the obtained coherent structures also in terms of the density gradient. The method is applied here to schlieren images of a twin-jet configuration with a small jet separation at two supersonic operation conditions: a perfectly-expanded and an overexpanded one. The SPOD modes based on momentum potential fluctuations retain the wavepacket structure including the direct Mach-wave radiation, together with upstream- and downstream-traveling acoustic waves, similar to SPOD modes based on the schlieren images. However, for the same dataset, they result in a lower-rank decomposition than schlieren-based SPOD and provide an effective separation of twin-jet fluctuations into independent toroidal and flapping oscillations that are recovered as different SPOD modes. These coherent structures are more consistent with twin-jet wavepacket models available in the literature than those originally obtained with direct schlieren-based SPOD, facilitating their interpretation and comparison against theoretical analyses.