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Kinder Morgan : 2Q 2026 Investor Presentation
Kinder Morgan : 2Q 2026 Investor

About this update from Kinder Morgan, Inc.
2Q 2026 Investor Presentation April 2026 Elba LNG Irreplaceable Infrastructure Portfolio NATURAL GAS Largest U.S. Natural Gas Transmission Network(a) - ~58,600 miles of transmission, ~6,800 miles of SFPP Delivering Energy. Improving Lives. HXP 67% gathering, & 1,300 miles of NGL pipelines Transport ~40% of U.S. natural gas production >700 bcf of working storage capacity, ~15% of U.S. capacity WIC TGP Stagecoach REFINED PRODUCTS Largest U.S. Independent Refined Products Transporter & Terminal Operator (b) SFPP Mojave Calnev TCGT CIG CP NGPL NGPL Utopia TGP 26% Transport ~1.7 mmbbld of refined product volumes ~9,000 miles of refined products & crude pipelines 136 liquids & bulk terminals; 16 Jones Act tankers 135 mmbbl of total liquids storage capacity SFPP Sierrita EPNG Cortez FEP MEP SNG EEC PPL ELC CO2 7% One of the Largest CO2 Transporters in the U.S. ~1,500 miles of CO2 pipelines with transport capacity of ~1.5 bcfd Produce and transport CO2 for enhanced oil recovery (EOR) Wink TX Intra KMLP KMCC/ Double Eagle GLNG FGT BUSINESS MIX Strategic Renewable Natural Gas Portfolio (c) NATURAL GAS REFINED PRODUCTS CO2 Pipelines Pipelines Pipelines - RNG production capacity of 6.4 bcf Storage LNG Facilities Terminals16 Jones Act Tankers CO2 / EOR FieldsRNG / Other Facilities Note: Volumes per 2026 budget. Business mix based on 2026 budgeted Total Adjusted Segment EBDA, which is a non-GAAP financial measure. See Non-GAAP Financial Measures & Reconciliations. Does not include mileage associated with natural gas gathering assets. Refined Products includes 13% from our Products Pipelines Segment and 13% from our Terminals Segment. Annual capacity at KMI share. 3 Driving Long-Term Shareholder Value $ Natural Gas Focus 2/3 of cash flows come from midstream natural gas(a) Transport ~40% of U.S. natural gas production Balance Sheet Strength ~3.8x YE 2026B Net Debt / Adjusted EBITDA BBB+ investment grade balance sheet Attractive Growth Projects ~$10.1 billion of committed projects at<6x EBITDA build multiple Added >$10.3 billion of projects to the backlog since the start of 2024(b) Predictable & Growing Cash Flows ~70% of cash flows are take-or-pay or hedged(a) +5% Adj. EPS and +2.5% Adj. EBITDA growth budgeted in 2026(c) Shareholder Returns Increasing dividend for 9th straight year Returned nearly $23 billion to shareholders over the pas...
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