Investor Presentation

2021 Forecast as of December 2021 Key metrics Net income Adjusted EBITDA 2021 Forecast Variance to 2021 Budget $1.7 billion -$0.4 billion $7.9 billion +$1.1 billion Distributable Cash Flow (DCF) $5.4 billion +$1.0 billion Discretionary capital(a) $2.3 billion +$1.5 billion Dividend share $1.08 Year-end Net Debt / Adj. EBITDA 4.0x -0.6x KINDER MORGAN Due primarily to 2Q $1.6 billion S Texas G&P impairment, partially offset by 1Q $1.1 billion Uri benefit Due primarily to one-time benefit from Winter Storm Uri, as well as partial year contribution from Stagecoach acquisition Due primarily to $1.2 billion Stagecoach acquisition and $0.4 billion Kinetrex acquisition & expansion capital Note: See Non-GAAP Financial Measures & Reconciliations. a) Includes expansion capital, acquisitions, and JV contributions for expansion capital, debt repayments & net of partner contributions for our consolidated JVs. 30

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