Renewable Natural Gas Growth and CO2 Emission Reduction Strategies

$2.1 Billion Committed Capital Project Backlog as of 6/30/2022 Expect -30% of backlog capital in service in 2022, -50% in 2023, and -20% in 2024 KINDER MORGAN $ million TOTAL LOW CARBON Natural Gas $ 1,201 $ 1,201 48% for end use, 52% for G&P & other Products Terminals 169 69 207 129 Renewable diesel projects Renewable diesel & VRU emission reduction projects Energy Ventures 159 159 RNG facilities Subtotal $ 1,736 $ 1,558 EBITDA build multiple ~3.2x ~3.4x CO₂ $350 Total $ 2,086 Low-carbon investments represent 75% of backlog Expect annual growth capital of $1-2 billion going forward, compared to $2-3 billion historically Note: See Non-GAAP Financial Measures & Reconciliations. EBITDA multiple reflects KM share of estimated capital divided by estimated Project EBITDA. 17

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