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Kinder Morgan : Fourth Quarter 2025 2025 EPNG Fourth Quarter
Kinder Morgan : Fourth Quarter 2025 2025 EPNG Fourth

About this update from Kinder Morgan, Inc.
CONSOLIDATED FINANCIAL STATEMENTS With Report of Independent Auditors EL PASO NATURAL GAS COMPANY, L.L.C. As of December 31, 2025 and 2024 and For the Years Ended December 31, 2025 and 2024 EL PASO NATURAL GAS COMPANY, L.L.C. AND SUBSIDIARIES TABLE OF CONTENTS Page Number Report of Independent Auditors 1 Consolidated Financial Statements Consolidated Statements of Income and Comprehensive Income 3 Consolidated Balance Sheets 4 Consolidated Statements of Cash Flows 5 Consolidated Statements of Member's Equity 6 Notes to Consolidated Financial Statements 7 Report of Independent Auditors To the Management of El Paso Natural Gas Company, L.L.C. Opinion We have audited the accompanying consolidated financial statements of El Paso Natural Gas Company, L.L.C. and its subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, and the related consolidated statements of income and comprehensive income, of member's equity, and of cash flows for the years then ended, including the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of Management for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementa...
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