Renewable Natural Gas Growth and CO2 Emission Reduction Strategies

KINDER MORGAN 42% 3% 8% 1% G&P 2% 5% Contract Strategy Insulates Cash Flow Through Commodity Cycles Structure long-term contracts that minimize price & volume volatility Natural Gas 2022B Adjusted Segment EBDA: Interstate / LNG TX Intrastate 69% take- or-pay or 25% fee- hedged Volumes & price are contractually fixed based Price is fixed, volumes are variable Avg. remaining contract life Additional cash flow security Primarily acreage dedications for fee-based contracts 6% other Commodity- price based as of 1/1/2022 6.0/18.7 years Tariffs are FERC-regulated 6.0 years 1% 4.2 years Refined products 1% 9% 1% generally not applicable Products Crude transport 2% 2.4 years Pipeline tariffs are FERC-regulated -2/3 of 2022B Products Segment Adj. Segment EBDA has an annual inflation-linked tariff escalator Crude G&P 2% Liquids terminals 6% 2% 2.5 years Terminals Jones Act tankers 2% 1.3 years ~3/4 of 2022B Terminals Segment Adj. Segment EBDA has annual price escalators (inflation linked or fixed price escalators) Bulk terminals: primarily minimum volume guarantee or requirements Bulk terminals 1% 2% 5.0 years CO2 EOR Oil & Gas CO2 & Transport 5% 2% 1% 1% 7.6 years Commodity-price based contracts are mostly minimum volume committed Note: Numbers may not sum due to rounding. See Non-GAAP Financial Measures & Reconciliations. 48

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