Kinder Morgan Market Opportunity and Financial Overview
Proven History of Cash Flow Generation and Shareholder Returns
$ billions
KINDER MORGAN
$0.7 $0.5
$6.5 $6.7
ADJUSTED EBITDA
+18%
$0.5
$0.4
$7.1
$7.2
$6.9
$7.9
NET DEBT
-19%
$38
$37
$7.7
$7.5
$34
$33
$32 $31 $31 $31
DIVIDENDS PAID &
SHARES REPURCHASED(a)
$17.3 billion returned
to shareholders
$0.2
$1.3 $1.3
$0.4
$2.4 $2.4 $2.5 $2.5
$0.3 $2.2
$1.8
2016 2017 2018 2019 2020 2021 2022 2023B
■ EBITDA generated from assets divested 2016-2022
Note: Adjusted EBITDA and Net Debt are non-GAAP measures. See Non-GAAP Financial Measures & Reconciliations.
a) No share repurchases assumed in 2023 budget. 2016, 2017, and 2018 include dividends paid to preferred shareholders.
2016 2017 2018 2019 2020 2021 2022 2023B
2016 2017 2018 2019
■Dividends paid
2020 2021 2022 2023B
■Shares repurchased
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