Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Corporate Update (May 2025)
40 slides from Kinder Morgan's corporate update, May 14, 2025
Slide 1: Southern Natural Gas Customer Working Group
Southern Natural Gas Customer Working Group May 14, 2025
Slide 2: Agenda
Agenda KM Update Carl Haga Vice-President, Commercial, KMI Pipeline Commercial Update Jerry Nelson Sr. Account Manager – Commercial, KMI Pipeline Scheduling/Operations Update Adam Harris Director, Pipeline Scheduling, KMI Pipeline Heather Comfort Manager of Scheduling, KMI Pipeline Dart Enhancements
Slide 3: Purpose
Purpose SNG Customer Working Group: To develop consensus and prioritization of improvements to DART or other processes through collaboration, idea sharing, and feedback. 3
Slide 4: Kinder Morgan Update
Kinder Morgan Update Carl Haga Vice-President, Commercial
Slide 5: Natural Gas Segment Overview
Natural Gas Segment Overview KINDER PORGEN Connecting Key Natural Gas Resources with Major Demand Centers Largest Natural Gas Transmission Network in the U.S. KMI Transports ~40% of Ye (U.S. Natural Gas Production ] ya" & ¢ “Stagecoach | ae f Utopia 9 te) 9 ; sy ~45% ~50% ~45% of all feedgas of all
Slide 6: Kinder Morgan Update – Projects
Kinder Morgan Update – Projects
Slide 7: Commercial Update
Commercial Update Jerry Nelson Sr. Account Manager
Slide 8: Meet the Team - Commercial
Meet the Team - Commercial Birmingham Office Carl Haga Vice President- Commercial Devy Traylor Alan Barksdale Lisa Guthrie Jerry Nelson Chris Triplett Vice President- Director-Account Account Manager Account Manager Director- Business Services Sr II Sr II Commercial Development Renee Hyde Stephen Ho
Slide 9: Organization
Organization Houston, TX Birmingham, AL • Transportation Services • Business Development • Gas Control • Commercial • Scheduling – Firm Capacity Sales • Contracts • Short term capacity sales • Asset Optimization – Account Services • Park and Loan • Regulatory • Gas Purchases & Sales • Legal • Short-
Slide 10: South Region Assets
South Region Assets Kinder Morgan Southern Pipelines Assets • Unparalleled footprint in Southeast US • Well positioned to serve fast-growing regional power generation market • LNG export from SLNG Elba Island • Peak Demand • Peak Power (7/6/22) – 1.839MMDth • Winter (1/21/25) – 4.596MMDth
Slide 11: Rate Case Settlement
Rate Case Settlement • Filed Demand Settlement Rates as a part of the Rate Case Settlement Effective Effective Effective Effective Effective Nov 1, 2024 Nov 1, 2025 Nov 1, 2026 Nov 1, 2027 Nov 1, 2028 Zone 0 $4.67 $4.60 $4.44 $4.40 $4.20 Zone 1 $5.28 $5.20 $5.02 $4.98 $4.74 Zone 2 $7.90 $7.79 $7.51
Slide 12: Scheduling and Operations Update
Scheduling and Operations Update Adam Harris Director, Pipeline Scheduling Heather Comfort Manager, Pipeline Scheduling
Slide 13: Meet the Team - SNG Scheduling
Meet the Team - SNG Scheduling 13
Slide 14: Summer 2024 Segment Constraints
Summer 2024 Segment Constraints for Timely Cycle – (April – October) Segment Days Location Number Impacted 30 Onward 80 50 Pickens East BH 205 120 Bessemer Calera 14 120 Longview Lateral 15 340 White Castle 102 350 La West Leg 59 380 SNG - Sesh 208 Pickens To 400 181 Gwinville 410 Gwinville East 14
Slide 15: Summer 2024 Percentage Days Restricted
Summer 2024 Percentage Days Restricted for Timely Cycle (April – October) Segment Location 2021 2022 2023 2024 Number 30 Onward 2.34% 17.29% 5.61% 37.38% 50 Pickens East 0.00% 0.00% 22.90% 95.79% 120 Bessemer Calera 0.00% 0.00% 0.47% 6.54% 120 Longview Lateral 0.00% 0.00% 0.00% 7.01% 250 Wrens 0.00%
Slide 16: Summer OFO Count
Summer OFO Count* (April – October) 2021 2022 2023 2024 Type 3 Level 1 3 0 23 4 Type 3 Level 2 0 27 0 0 Type 3 Level 3 3 0 0 0 Total 6 27 23 4 2021 2022 2023 2024 Type 6 Long 21 2 10 22 16 * Number of Days under OFO each year
Slide 17: Operations Update
Operations Update Summer Expectations • Continued higher utilization system wide • Storage at low levels heading into summer with anticipated high injection rates • Scheduling maintenance and outages continues to be challenging • Significant coordination efforts to minimize customer impact • Multi-y
Slide 18: CSS Storage Inventory
CSS Storage Inventory (As of May 2nd, 2025) 60 50 40 MDth 30 20 10 0 J F M A M J J A S O N D 5 Year Capacity Average 2014 2024 2025
Slide 19: Year Over Year Deliveries
Year Over Year Deliveries (Aug YTD) 2023 YTD 2024 YTD August August % Change Power 1,526 1,577 3% LDC 792 837 6% Interconnects 923 818 -11% LNG 321 339 6% Industrial 222 233 5% TOTAL 3,784 3,804 1% 19
Slide 20: Summer Deliveries By Year
Summer Deliveries By Year Avg Dels = 2,989 Avg Dels = 3,184 Avg Dels = 3,354 Avg Dels = 3,340 CDDs = 1,144 CDDs = 2,005 CDDs = 2,439 CDDs = 2,339 4000 3500 3000 2500 MDth/d 2000 1500 1000 500 0 May June July August 2020 2021 2022 2023 2024 20
Slide 21: Operations Update-SNG Maintenance
Operations Update-SNG Maintenance Upcoming Maintenance • High load factor and magnitude of required maintenance continues to be challenging • Significant year-round effort in planning and coordinating projects to minimize impacts as much as possible Red “X” indicates segment maintenance with a proje
Slide 22: Dart Enhancements
Dart Enhancements Tracy Minter Sr. II Pipeline Scheduler
Slide 23: Dart Projects & Involvement
Dart Projects & Involvement • Capital Projects: • 18 completed 2024 • 28 planned for 2025 • DART Interstate Daily Average: • 1,500 batches • 192,000 transactions • Continuous improvement and enhancements 23
Slide 24: DART – SNG Graphical Pipe
DART – SNG Graphical Pipe To access SNG graphical pipe, go to the Navigation Panel and click: Nominations > Scheduled Quantity > TGP/SNG Graphical Pipe 24
Slide 25: DART – SNG Graphical Pipe
DART – SNG Graphical Pipe Select the date (today, tomorrow or yesterday), cycle, view options, and click ‘Retrieve’ 25
Slide 26: DART – SNG Graphical Pipe
DART – SNG Graphical Pipe By entering a meter number and clicking ‘Locate PIN’, you will see a red arrow displayed Additional pins can be added to the map one pin number at a time Click ‘Clear All’ to remove all pins 26
Slide 27: DART – SNG Graphical Pipe
DART – SNG Graphical Pipe Helpful Hint: It may be necessary to zoom in to see located pin. 27
Slide 28: DART – SNG Graphical Pipe
DART – SNG Graphical Pipe Using Graphical Pipe as a visual tool for points in the path 28
Slide 29: Search Navigation Menu
“Search Navigation Menu” Text Search Feature to Locate Windows & Reports
Slide 30: Contract Path Ranking Screen & Tab
Contract Path Ranking Screen & Tab Addition of Segment & Filter for Batch Analysis
Slide 31: Contract Path Ranking Screen & Tab
Contract Path Ranking Screen & Tab Addition of Segment & Filter for Batch Analysis
Slide 32: NAESB Scheduled Quantity for Shipper Matrix
NAESB Scheduled Quantity for Shipper Matrix Added Totals for Scheduled Quantity & Variances
Slide 33: Discussion
Discussion Tracy Minter Sr. II Pipeline Scheduler
Slide 34: Thank you for your business!
KINDER/MORGAN Thank you for your business!
Slide 35: Appendix
KINDER/MORGAN Appendix
Slide 36: Winter 2024/2025 Segment Constraints
Winter 2024/2025 Segment Constraints for Timely Cycle (November-March) Segment Days Location Number Impacted 50 Louisville East 26 50 Pickens East 21 330 La East Leg BH 29 340 White Castle 35 350 La West Leg 27 380 SNG - Sesh 146 Pickens To 400 68 Gwinville 420 Bay Springs 26 430 Enterprise 36 670 W
Slide 37: Winter Restrictions
Winter Restrictions Percentage Days Restricted for Timely Cycle (November- March) Segment Location 2021/2022 2022/2023 2023/2024 2024/2025 Number 30 Onward 0.66% 58.94% 42.76% 0.00% 50 Louisville East 0.00% 0.00% 0.66% 17.22% 50 Pickens East 0.00% 0.00% 8.55% 13.91% 120 Providence 19.21% 16.56% 18.4
Slide 38: Average Daily Deliveries
Average Daily Deliveries 3,588 3, 462 3,500 360 3,094 369 2,918 2,761 2,853 233 3,000 212 229 197 211 201 2,500 680 816 Mdth/d 651 734 601 646 2,000 1,500 1,013 1,050 1,015 1,038 927 1,015 1,000 500 1,057 1,032 981 1,152 1,164 1,092 0 2019 2020 2021 2022 2023 2024 LDC Interconnects Industrial LNG To
Slide 39: Summer Average Daily LDC Demand
Summer Average Daily LDC Demand 860 840 820 800 MDth/d 780 760 740 720 700 May June July August 2020 2021 2022 2023 2024 39
Slide 40: Summer Average Daily Power Demand
Summer Average Daily Power Demand 1600 1400 1200 1000 MDth/d 800 600 400 200 0 May June July August 2020 2021 2022 2023 2024 40