Kinder Morgan Financial Measures and CO2 Segment Analysis

Highly-Contracted Cash Flows Stable cash flows with ~72% take-or-pay or hedged earnings (a) CONTRACT MIX(a) a) b) c) Contract type Payment feature KINDER MORGAN Example assets Natural gas interstate / LNG 93% Natural gas intrastate (b) 83% 68% Take-or-pay Entitled to payment regardless of throughput Reservation fee for capacity CO2 & transport 78% Liquids terminals 74% Crude pipes 69% Crude G&P 93% Adjusted Segment EBDA 25% Fee-based Fixed fee collected regardless of commodity price Refined products pipes 89% Bulk terminals 68% Volumetric-based revenues Natural gas G&P 62% 4% Hedged Disciplined approach to managing price volatility EOR oil & gas (c) 80% Substantially hedged near-term price exposure EOR oil & gas (c) 20% 3% Other Commodity-price based Crude pipes 12% Natural gas G&P 10% Based on Adjusted Segment EBDA per the 2021 budget. See Non-GAAP Financial Measures & Reconciliations. Includes term sale portfolio. Percentage of net crude oil, propane & heavy NGL (C4+) net equity production per the 2021 budget. 8

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