ADDED
As of February 12, 2026, the registrant had 2,224,806,397 shares of Class P common stock outstanding.
Business and Properties 4 General Development of Business 4 Recent Developments 4 Narrative Description of Business 6 Business Strategy 6 Business Segments 6 Natural Gas Pipelines 7 Products Pipelines 10 Terminals 12 CO 2 14 Major Customers 16 Regulation 17 Human Capital 22 Properties and Rights-of-Way 23 Available Information 23 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 40 General 40 Critical Accounting Estimates 41 Results of Operations 42 Overview 42 Consolidated Earnings Results 46 Non-GAAP Financial Measures 48 Segment Earnings Results 50 Liquidity and Capital Resources 56 General 56 Short-term Liquidity 57 Long-term Financing 58 Capital Expenditures 58 KINDER MORGAN, INC.
AND SUBSIDIARIES GLOSSARY Company Abbreviations CALNEV = Calnev Pipe Line LLC KMLP = Kinder Morgan Louisiana Pipeline LLC CIG = Colorado Interstate Gas Company, L.L.C.
KMLT = Kinder Morgan Liquid Terminals, LLC CPGPL = Cheyenne Plains Gas Pipeline Company, L.L.C.
and its majority-owned and/or controlled subsidiaries EagleHawk = BPX (Eagle Ford) Gathering LLC, formerly known as EagleHawk Field Services MEP = Midcontinent Express Pipeline LLC Elba Express = Elba Express Company, L.L.C.
PHP = Permian Highway Pipeline LLC FEP = Fayetteville Express Pipeline LLC SFPP = SFPP, L.P.
GCX = Gulf Coast Express Pipeline LLC SLNG = Southern LNG Company, L.L.C.
Hiland = Hiland Partners, LP SNG = Southern Natural Gas Company, L.L.C.
KinderHawk = KinderHawk Field Services LLC Stagecoach = Stagecoach Gas Services LLC KMBT = Kinder Morgan Bulk Terminals, Inc.
REMOVED
As of February 12, 2025, the registrant had 2,221,963,025 shares of Class P common stock outstanding.
Business and Properties 4 General Development of Business 4 Recent Developments 4 Narrative Description of Business 6 Business Strategy 6 Business Segments 6 Natural Gas Pipelines 7 Products Pipelines 10 Terminals 12 CO 2 14 Major Customers 16 Industry Regulation 17 Environmental Matters and Safety Regulation 19 Cybersecurity 21 Human Capital 22 Properties and Rights-of-Way 23 Available Information 23 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 39 General 39 Critical Accounting Estimates 40 Results of Operations 41 Overview 41 Consolidated Earnings Results 45 Non-GAAP Financial Measures 47 Segment Earnings Results 50 Liquidity and Capital Resources 56 General 56 Short-term Liquidity 57 KINDER MORGAN, INC.
AND SUBSIDIARIES GLOSSARY Company Abbreviations CALNEV = Calnev Pipe Line LLC KMP = Kinder Morgan Energy Partners, L.P.
and its majority-owned and/or controlled subsidiaries CIG = Colorado Interstate Gas Company, L.L.C.
KMTP = Kinder Morgan Texas Pipeline LLC EagleHawk = EagleHawk Field Services LLC MEP = Midcontinent Express Pipeline LLC Elba Express = Elba Express Company, L.L.C.
PHP = Permian Highway Pipeline LLC FEP = Fayetteville Express Pipeline LLC Ruby = Ruby Pipeline Holding Company, L.L.C.
Hiland = Hiland Partners, LP SLNG = Southern LNG Company, L.L.C.
KinderHawk = KinderHawk Field Services LLC SNG = Southern Natural Gas Company, L.L.C.
Stagecoach = Stagecoach Gas Services LLC KMI = Kinder Morgan, Inc.