American Petroleum & CO2 Segment Overview

$3.7bn Committed Growth Capital Project Backlog as of 3/31/2023 Expect 53% of backlog capital in service in 2023, 25% in 2024, and 22% beyond KINDER MORGAN $ million Natural Gas Products TOTAL LOWER CARBON $ 2,567 $ 2,567 145 67 Terminals 257 199 56% for end-use, 16% supply-push, 27% G&P, 1% CCS Renewable diesel projects Renewable feedstocks & VRU emission reduction projects Energy Transition Ventures 372 372 98% RNG facilities; 2% CCS project Subtotal $ 3,341 $ 3,205 EBITDA build multiple ~3.5x ~3.5x CO₂ $380 EOR projects Total $ 3,721 Lower carbon investments ~86% of backlog ~ Expect annual growth capital spend of $1-2 billion going forward, compared to ~$2-3 billion historically Note: The EBITDA build multiple reflects KM share of estimated capital divided by estimated Project EBITDA (a non-GAAP measure). See Non-GAAP Financial Measures & Reconciliations. Figures may not sum due to rounding. 9

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