Renewable Natural Gas Growth and CO2 Emission Reduction Strategies

Highly-Contracted Cash Flows Generally structure long-term contracts that minimize price & volume volatility CONTRACT MIX OF 2022B ADJUSTED SEGMENT EBDA Take-or-pay 63% Entitled to payment regardless of throughput Reservation fee for capacity Nat gas interstates / LNG 42% Note: See Non-GAAP Financial Measures & Reconciliations. Nat gas intrastates 8% Terminals 7% Ref. prod. pipes, 1% KINDER MORGAN Fee-based 25% Fixed fee collected regardless of commodity price Volumetric-based revenues G&P 6% Terminals 5% Crude pipes, Nat gas intra. CO2 & trans. Refined products pipes 9% Nat gas interstates / LNG 3% 1% 1% Hedged 6% Other 6% Jones Act 2% Crude pipes 2% G&P 1% EOR oil & gas 5% Commodity-price based G&P 1% EOR, CO2 & trans., G&P, ref. prod. pipes 6% Disciplined approach to managing price volatility Substantially hedged near-term price exposure 5

View entire presentation