Energy Infrastructure & Transition Overview

Natural Gas 62% Energy Toll Road Cash flow security with >90% from take-or-pay & other fee-based contracts 2021B EBDA %(a) Terminals 15% KINDER MORGAN Products 16% CO2 7% Interstate / LNG Intrastate G&P Refined products Crude Liquids terminals Jones Act tankers Bulk terminals EOR Oil & Gas CO₂ & Transport Asset Mix(a) 46% 10% 6% 11% 4% & 1% transport & G&P 9% 3% 3% 5% 2% take-or-pay(b) 81% fee-based with minimum volume requirements and/or acreage dedications Volume Security(a) 93% take-or-pay 83% primarily volume-based transport: 69% take-or-pay G&P: 98% fee-based 74% take-or-pay 100% take-or-pay primarily minimum volume volume-based guarantee or requirements effectively 84% minimum volume committed Average Remaining 6.4/19.7 years 5.7 years (b) 2.5 years generally not applicable 3.3 years 2.5 years 0.6 years 4.6 years 7.9 years Contract Life (c) Pricing Security primarily fixed based on contract primarily fixed margin primarily fixed price annual FERC tariff escalator (PPI-FG + 0.78%) primarily fixed based on contract >95% protected based on contract; typically fixed or tied to PPI volumes 80% hedged (d) by contractual price floors (a) Regulatory regulated return Security essentially market-based market-based Pipelines: regulated return Terminals & transmix: not price regulated(e) not price regulated primarily unregulated Commodity Price no direct limited exposure limited exposure limited exposure no direct exposure hedged / limited exposure exposure Exposure a) Based on Adjusted Segment EBDA per the 2021 budget. See Non-GAAP Financial Measures & Reconciliations. Amounts have been rounded. b) Includes term sale portfolio. c) As of 1/1/2021 d) Percentage of 2021 forecasted net crude oil, propane & heavy NGL (C4+) net equity production. e) Products terminals not FERC regulated, except portion of CALNEV. 25 25

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