Kinder Morgan Market Opportunity and Financial Overview
RNG Portfolio Grows with 2022 Acquisitions
KINDER MORGAN
LANDFILL-RNG ANNUAL PRODUCTION
CAPACITY net to KM
1.8 bcf operational (2.2 bcf gross)
+3.5 bcf expected online 2023
+up to 1.7 bcf 2024+
=7.0 bcf (7.4 bcf gross)
GROWTH PLAN
Potential to grow +0.6 bcf over next
decade with little capex
Up to $300 million development capex
Expect <6x 2024 Project EBITDA based on
~$1.1bn total RNG portfolio investment
PRIMARILY CONTRACTED IN
TRANSPORTATION MARKET TODAY
Long-term contracts in transportation/RIN
market
Short term contracted into RINS market,
optionality for RNG or eRINs on acquired
assets
Opportunity for fixed-price contracts will grow
as voluntary market develops
7.4 bcf of RNG reduces emissions by 4.2 million
metric tons CO2 e per year, equivalent to:
9.7mm
barrels of oil
consumed
471mm
gallons of gasoline
consumed
Note: Project EBITDA is a non-GAAP measure. See Non-GAAP Financial Measures and Reconciliations.
Emission calculation and equivalencies based on the EPA's Landfill Gas Energy Benefits Calculator. We expect our plants to capture 15.9 bcf/year of feedgas to produce 7.4 bcf/year of RNG.
carbon sequestered
by 5mm acres of
U.S. forest
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