Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.

Kinder Morgan, Inc.

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	82	88	98	83	497	745
Cash and Cash Equivalents
Short-Term Investments	—	—	—	—	—	—
Marketable Securities at Fair Value
Total Cash and Cash Equivalents	82	88	98	83	497	745
Accounts Receivable	1,453	1,506	1,293	1,588	1,284	1,840
Accounts Receivable
Total Trade Receivables	1,453	1,506	1,293	1,588	1,284	1,840
Inventories	560	555	537	525	569	634
Inventories
Other Current Assets	391	372	262	346	368	584
Restricted Deposits
Fair Value of Derivative Contracts
Deferred Income Taxes
Income Tax Receivable
Other Current Assets
Total Current Assets	2,486	2,521	2,190	2,542	2,718	3,803
Total Current Assets
Net Property, Plant & Equipment	38,818	38,013	37,533	37,297	35,759	35,599
Property, Plant and Equipment, Net
Net Intangible Assets	1,818	1,760	1,858	1,957	1,696	1,809
Other Intangibles, Net
Goodwill	20,084	20,084	20,084	20,121	19,965	19,965
Goodwill
Long-Term Investments	7,854	7,845	7,851	7,874	7,665	7,653
Investments
Other Long-Term Assets	1,311	1,184	1,186	1,229	1,270	1,249
Deferred Income Taxes
Deferred Charges and Other Assets
Total Assets	72,371	71,407	70,702	71,020	69,073	70,078
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	1,301	1,395	1,204	1,366	1,142	1,444
Accounts Payable
Accrued Expenses	212	276	223	272	—	264
Accrued Taxes
Accrued Contingencies
Current Portion of Long-Term Debt	788	2,009	3,062	4,049	2,760	3,385
Current Portion of Debt
Other Current Liabilities	1,332	1,421	1,469	1,534	1,701	1,837
Distributions Payable to KML Noncontrolling Interests
Accrued Interest
Fair Value of Derivative Contracts
Other Current Liabilities
Total Current Liabilities	3,633	5,101	5,958	7,221	5,603	6,930
Total Current Liabilities
Long-Term Debt	63,742	59,762	57,298	56,134	57,264	56,806
Outstanding
Debt Fair Value Adjustments
Total Long-Term Debt
Other Long-Term Liabilities	4,786	4,558	4,401	4,003	2,929	2,631
Preferred Interest in General Partner of KMP
Deferred Income Taxes
Other Long-Term Liabilities and Deferred Credits
Total Long-Term Liabilities	36,657	34,439	33,050	32,070	31,561	31,034
Total Long-Term Liabilities and Deferred Credits
Total Liabilities	40,290	39,540	39,008	39,291	37,164	37,964
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	22	22	22	22	22	22
Class P Common Stock
Additional Paid-in Capital	41,269	41,237	41,218	41,190	41,387	41,673
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-24	-95	-262	-217	-290	-402
Accumulated Other Comprehensive Loss
Retained Earnings	-10,497	-10,633	-10,640	-10,689	-10,550	-10,551
Retained Earnings
Total Common Shareholders' Equity	30,770	30,531	30,338	30,306	30,569	30,742
Total Stockholders' Equity
Minority Interests and Other	1,311	1,336	1,356	1,423	1,340	1,372
Redeemable Noncontrolling Interest
Noncontrolling Interests
Total Shareholders' Equity	32,081	31,867	31,694	31,729	31,909	32,114
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	72,371	71,407	70,702	71,020	69,073	70,078
Total Liabilities and Stockholders' Equity