Page 1

KINDERZMORGAN KINDER MORGAN ANNOUNCES $ 0.27 PER SHARE DIVIDEND AND RESULTS FOR THIRD QUARTER OF 2021 INC . HOUSTON , October 20 , 2021 - Kinder Morgan , Inc.'s ( NYSE : KMI ) board of directors today approved a cash dividend of $ 0.27 per share for the third quarter ( $ 1.08 annualized ) , payable on November 15 , 2021 , to stockholders of record as of the close of business on November 1 , 2021 . This dividend represents a 3 % increase over the third quarter of 2020 . KMI is reporting third quarter net income attributable to KMI of $ 495 million , compared to $ 455 million in the third quarter of 2020 ; and distributable cash flow ( DCF ) of $ 1,013 million , compared to $ 1,085 million in the third quarter of 2020. Adjusted Earnings were $ 505 million for the quarter , versus $ 485 million in the third quarter of 2020 . " Our company once again generated substantial Adjusted Earnings and robust coverage of this quarter's dividend . Our stable cash flows and guiding philosophy create a compelling investment opportunity , as we remain committed to funding our expansion capital opportunities internally , maintaining a healthy balance sheet , and returning excess cash to our shareholders through dividend increases and / or share repurchases , " said KMI Executive Chairman Richard D. Kinder . " Our business model , predominantly take - or - pay and fee - based long - term contracts with creditworthy customers , in conjunction with our valuable network of transportation and storage infrastructure , continues to generate strong financial performance " said KMI Chief Executive Officer Steve Kean . " We continue to allocate capital conservatively , leaving ourselves a margin of safety on the self - funded investments we make . We are maintaining that discipline as we look at opportunities in the low - carbon energy transition . That includes last quarter's Kinetrex acquisition and the partnership we announced last month with Neste to use one of our Louisiana terminal facilities to create a storage and logistics hub for the raw material used in renewable diesel and sustainable aviation fuel , polymers and chemicals . Arrangements such as the one we have with Neste demonstrate the flexibility and durability of our assets even as energy sources evolve over time . " In our base natural gas business , we continue to benefit from growing global natural gas demand . Our assets are well positioned to serve growing domestic markets and export locations for LNG and Mexico . Our status as a low methane emitter within our sector also positions us well to capitalize on increasing demand for responsibly - sourced or certified natural gas . And with 700 billion cubic feet of high deliverability natural gas storage capacity , we are also very well - positioned to move gas domestically when and where it's needed most , whether during extreme weather events or more routinely to support intermittent renewable power generation . 1