2022 Budget Sensitivities and Financial Projections

Strategy Maximize the value of our assets on behalf of shareholders KINDER MORGAN Stable, fee-based assets Invest in a low carbon future Core energy infrastructure Safe & efficient operator Multi-year contracts -94% take-or-pay, hedged, & fee- based cash flows (a) Established Energy Transition Ventures Group $1.7 billion backlog with >65% allocated to low carbon investments Investing in natural gas, RNG, and liquid biofuels infrastructure at attractive returns Financial flexibility 4.3x 2022B expected YE Net Debt / Adjusted EBITDA Long-term target remains around 4.5x Low cost of capital Mid-BBB credit ratings Ample liquidity Reduced net debt by over $11 billion since 1Q 2015 Disciplined capital allocation Conservative assumptions High return thresholds Self-funding 100% of capex & dividends for last six years Enhance shareholder value Maintain strong balance sheet Attractive investments Dividend growth Share repurchases Note: See Non-GAAP Financial Measures & Reconciliations. a) Based on 2022 budgeted Adjusted Segment EBDA. K Natural gas storage wellhead, Houston, Texas 4

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