Investor Presentation

Valuable Texas Natural Gas Systems Winter Storm Uri emphasized the importance of our Texas Natural Gas network Texas Intrastates system represents -10% of total Adjusted Segment EBDA (a) Highly contracted with >80% take-or-pay(a) Average transportation contract tenor >5 years 7,000 mile pipeline network in Texas GCX & PHP connect 4+ bcfd of Permian supply to the Gulf Coast 8.3 bcfd capacity on KMTP / Tejas Footprint along Gulf Coast offers broad end-market optionality (power, petrochemical, industrial, LDC) Serves exports (LNG facilities and Mexico) 132 Bcf of high deliverability market area storage Primarily contracted to third-parties, including LDCs and power generators KMI retains a portion of this storage to balance our intrastate pipeline gas system and support seasonal and intraday customer needs; transact at market prices Purchase and sales opportunities Match purchases and sales to essentially secure a transportation margin Sales volumes have historically ranged 2.1-2.7 bbtud (2015 – 3Q 2021) Contract structure designed to optimize operations for stability and deliverability Highly responsive storage is increasingly important: Critical to supporting human needs during Uri NGPL Permian EPNG Helps backstop growing renewable power generation PHP KINDER MORGAN Oklahoma Texas KMTP GCX Eagle Ford Mier Monterrey TGP NGPL MEP TGP Tejas Cypress Arkar SNG KM Intrastates downstream system: 8.3 bcfd and 132 Bcf high deliverability storage Supports LNG export facilities a) Note: Based on Adjusted Segment EBDA per the 2021 budget. See Non-GAAP Financial Measures & Reconciliations. 13

View entire presentation