The COVID-19 pandemic has adversely affected, and could continue to adversely affect, the company's business.

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Even after the COVEVENTY has subsided, there may still be a global economic recession that is likely to result from the measures taken to combat the virus.

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Further disruptions to commodities markets and supply chains could affect the health and availability of our workforce.

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In addition to economic disruptions resulting from events such as COVID-19, conditions in the business environment generally could result in a slowing of supply.

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Sustained lower demand for hydrocarbons, or changes in.

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the regulatory environment or applicable governmental policies, may have a negative impact on the supply of crude oil and.

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other products.

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The company could face competition from other pipelines and terminals, as well as other forms of transportation and storage.

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The revenues, cash flows, profitability and future growth of some of KINDER MORgan, INC.'s businesses depend to a large degree on prevailing crude oil, NGL and natural gas prices.

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Prices are subject to large fluctuations in response to relatively minor changes in the supply of and demand for crudeOil.

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Downward pressure on commodity prices could continue for the foreseeable future.

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There are a variety of hazards and operating risks inherent to the transportation and storage of the products KINDER MORGAN, INC. handle.

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The occurrence of any of these risks could result in serious injury and loss of human life.

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As described above, COVID-19 has resulted in a downturn of economic activity on a global scale.

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If economic and market conditions (including volatility in commodity markets) globally, in the U.S. or in other key markets become more volatile or continue to deteriorate, Kindle Morgan may experience material impacts on its business and results of operations.

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KINDer MORgan, Inc. cannot provide any assurance that such customers and key counterparties will not become financially distressed or file for bankruptcy protection.

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Reputational risk cannot be managed in isolation from other forms of risk, such as credit, market, operational, insurance, regulatory and legal risks.

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The business of developing and operating oil and gas properties involves a high degree of business and financial risk.

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It is impossible to predict with certainty the production potential of a particular property or well.

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A failure of information technology or one or more key operational systems, or those of third parties, may adversely affect KINDER MORGAN's business results of operations.

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A significant failure, compromise, breach or interruption in these systems could result in a disruption of operations.

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Attacks, including acts of terrorism or cyber sabotage, or the threat of such attacks, may adversely affect KINDer MORgan, Inc.

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Many climate models indicate that global warming is likely to result in rising sea levels, increased intensity of weather, and increased frequency of extreme precipitation and flooding.

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Insurance companies may reduce the insurance capacity they are willing to offer or may demand significantly higher premiums or deductibles.

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A variety of factors outside of KINDER MORGAN, INC.'s control have caused, and may continue to cause, delays in or cancellations of construction projects.

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Kinder Morgan, Inc. may not be able to maintain the levels of operating efficiency that acquired companies have achieved or might achieve separately.

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The company's business requires the retention and recruitment of a skilled workforce.

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As of December 31, 2020, the company had approximately $33.4 billion of consolidated debt.

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Kinder Morgan's future financial and operating performance will be affected by prevailing economic conditions and financial, business, regulatory and other factors.

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Adverse changes to the availability, terms and cost of capital, interest rates or Kindername’s credit ratings could have a corresponding impact on the company's ratings.

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Should interest Rates increase, the amount of cash required to service variable-rate debt would increase.

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Limitations on external financing sources could impair Kinder MORgan's ability to grow.

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The FERC or state public utility commissions, such as the CPUC, may establish pipeline tariff rates that could have a negative impact on Kinder Morgan, Inc.

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Additional regulatory burdens and uncertainties will be created if and to the extent that the new U.S. presidential administration succeeds in enacting more stringent energy and environmental policies.

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The costs of raw materials, such as steel, may not be covered by insurance.

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Failure to comply with these laws and regulations including required permits and other approvals also may expose KINDER MORGAN, INC. to civil, criminal and administrative fines, penalties and/or interruptions in operations.

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The resulting costs and liabilities could materially and negatively affect Kinder MORgan's earnings and cash flows.

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There can be no assurance as to the amount or timing of future expenditures for environmental compliance or remediation.

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Increased regulation of exploration and production activities could lead to reductions or delays in drilling and completing new oil and natural gas wells.

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The oil and gas industry is increasingly relying on supplies of hydrocarbons from unconventional sources, such as shale, tight sands and coal bed methane.

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These laws and regulations increase the costs of these activities and may prevent or delay the commencement or continuance of a given operation.

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KinderMorgan.

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These reflect the company's current judgment, but as with any estimate, they may be affected by inaccurate assumptions and other risks and uncertainties.

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The sustainability of the economic recovery observed in 2021 remains unclear as inflationary pressures have increased in the U.S. and globally.

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There are still too many variables and uncertainties regarding the pace and efficacy of vaccination efforts.

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In addition to economic disruptions resulting from events such as COVID-19, conditions in the business environment generally could result in a slowing of supply.

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Sustained lower demand for hydrocarbons, or changes in.

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the regulatory environment or applicable governmental policies, may have a negative impact on the supply of crude oil and.

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other products.

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The volatility of NGL and natural gas prices could adversely affect the company's business.

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The revenues, cash flows, profitability and future growth of some of KINDER MORGAN, INC.'s businesses depend to a large degree on prevailing crude oil, NGL and natural gas prices.

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Sharp declines in prices of oil or gas, or a prolonged unfavorable price environment, may result in a commensurate reduction in revenue, income and cash flow from these businesses.

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There are a variety of hazards and operating risks inherent to the transportation and storage of the products KINDER MORGAN, INC. handle.

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The occurrence of any of these risks could result in serious injury and loss of human life.

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the global or U.S. economy, uncertainty and volatility in the financial markets, or inflation and.

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rising interest rates, could materially adversely affect Kinder MORgan, Inc.'s operating.

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results.

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Financial distress experienced by KINDER MORGAN, INC.'s customers or other counterparties could have an adverse impact on the company.

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Some of the customers are highly leveraged and may not be able to access additional capital to sustain their operations.

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Reputational risk cannot be managed in isolation from other forms of risk.

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Without successful development activities, the reserves, revenues and cash flows of theOil and Gas producing assets within the CO 2 business segment will decline.

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A breach of information security or failure of one or more key information technology (IT) or operational (OT) systems, or those of third parties, may adversely affect the company's business, results of operations or business reputation.

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The company has implemented and maintain a cybersecurity program designed to protect its IT, OT and data systems from attacks.

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The U.S. government has issued public warnings that indicate that pipelines and other infrastructure assets might be specific targets of terrorist organizations or "cyber sabotage" events.

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The availability of eminent domain authority varies from state to state depending upon the type of pipeline.

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Inflationary pressure that emerged during the economic recovery following the COVID-19 pandemic is likely to increase KINDer MORgan, Inc.’s costs for construction materials.

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Third parties share approval rights over major decisions, and may act in their own interests.

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The acquisition of additional businesses and assets is part of KINDER MORGAN, INC.'s growth strategy.

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Successful integration of each acquisition will depend upon the company's ability to manage those operations and to eliminate redundant and excess costs.

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As of December 31, 2021, KINDER MORGAN, Inc. had approximately $32.4 billion of consolidated debt.

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Kinder Morgan, Inc.'s large amount of variable rate debt makes it vulnerable to increases in interest rates.

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Limitations on external financing sources could impair the company's ability to grow.

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New laws, policies, regulations, rulemaking and oversight, as well as changes to those currently in effect, could adversely impact the company's earnings, cash flows and operations.

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Additional regulatory burdens and uncertainties will be created if and to the extent that more stringent energy and environmental policies are enacted.

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KinderMorgan's operations are subject to federal, state and local laws, regulations and potential liabilities.

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There is no assurance that existing laws or regulations will not be revised or that new laws will be adopted or become applicable to KinderMorgan.

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Pipeline companies are subject to extensive laws and regulations related to pipeline safety and integrity at the federal and state levels.

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Climate-related risk and related regulation could result in significantly increased operating and capital costs and could reduce demand for products and services.

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Increased regulation of exploration and production activities could result in reductions or delays in drilling and completing new oil and natural gas wells.

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Proposed changes to U.S. federal, state and local tax laws, if enacted, would have an adverse effect on the company's revenues, cash flow and operations.

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New or revised U.S. federal, state, or local tax legislation may be enacted in the future.

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Such legislation could materially impact KINDER MORGAN, INC.'s current or future tax planning and effective tax rates.

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Circumstances may arise that lead to conflicts between using funds to pay anticipated dividends or to invest in Kinder MORgan, Inc’s business.

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