Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company's core business involves owning and operating pipelines and terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, renewable fuels, and other products. The terminals store and handle various commodities. Kinder Morgan's market position is supported by its extensive network of assets and strategic locations. The company operates primarily in North America, with a significant presence in key energy-producing regions. The competitive landscape includes other pipeline and terminal operators, as well as companies involved in energy transportation and storage.

• Employees: 10,891 (as of December 31, 2023)
• Geographic Footprint: Primarily North America
• Headquarters: Houston, Texas
• Founded: Not available in filing
• Number of locations/facilities: Approximately 82,000 miles of pipelines, 139 terminals, and 702 Bcf of natural gas storage capacity
• Revenue: $15.334 billion (FY2023)
• Market Capitalization: $33.533 billion (as of June 30, 2023, based on non-affiliate holdings)
• Key Subsidiaries/Brands: Kinder Morgan Energy Partners, L.P. (KMP) and others listed in the glossary

• CEO: Kimberly A. Dang
• CFO: David P. Michels
• Board Chair: Richard D. Kinder
• Other Key Executives: Not specified in filing

Tenure and professional background information were not available in the filing.

• Annual Revenue: $15.334 billion (FY2023)
• Net Income: $2.391 billion (FY2023)
• Market Cap: $33.533 billion (as of June 30, 2023, based on non-affiliate holdings)
• Total Assets: $71.020 billion (as of December 31, 2023)
• Number of Employees: 10,891 (as of December 31, 2023)
• Key Financial Highlights: Revenue decreased by $3.866 billion in 2023 compared to 2022, primarily due to lower natural gas and product sales. Net income decreased by $157 million in 2023 compared to 2022.

Kinder Morgan provides a range of services and products across its segments:

• Natural Gas Pipelines: Transportation, storage, sales, gathering, processing, treating, and LNG services.
• Products Pipelines: Transportation of refined petroleum products, crude oil, and condensate, along with associated terminals, condensate processing, and transmix processing.
• Terminals: Storage and handling of refined petroleum products, chemicals, renewable fuels, and other liquids, as well as petroleum coke, metals, and ores. Also includes marine transportation of crude oil, condensate, refined petroleum products and renewable fuel between U.S. ports.
• CO2: Production, transportation, and marketing of CO2 for enhanced oil recovery, along with oil and gas production and RNG, LNG and landfill GTE facilities.

Kinder Morgan operates through four main segments:

• Natural Gas Pipelines: Includes interstate and intrastate pipelines, storage facilities, LNG facilities, and NGL fractionation.
• Products Pipelines: Consists of refined petroleum products, crude oil, and condensate pipelines, and associated terminals.
• Terminals: Includes liquid and bulk terminal facilities, and Jones Act-qualified product tankers.
• CO2: Encompasses CO2 production, transportation, and marketing for enhanced oil recovery, along with oil and gas production, and RNG, LNG and landfill GTE facilities.

Revenue breakdown by segment was not explicitly provided in the filing.

Kinder Morgan's business strategy focuses on stable, fee-based energy transportation and storage assets. Key strategic priorities include:

• Focus on assets central to energy infrastructure and transition.
• Increase utilization of existing assets while controlling costs and operating safely.
• Exercise discipline in capital allocation for expansion and acquisitions.
• Leverage economies of scale from asset expansions and acquisitions.
• Maintain a strong financial profile and return value to stockholders.

The company regularly considers potential transactions, including acquisitions and divestitures.

Kinder Morgan operates in the energy infrastructure industry, primarily in North America. Key market trends include:

• Growing demand for natural gas and other energy products.
• Increasing focus on energy transition and renewable fuels.
• Evolving regulatory landscape affecting pipeline operations.

Major competitors include other pipeline and terminal operators, and companies involved in energy transportation and storage. Market share information was not explicitly available in the filing.

• Market Risks: Changes in supply and demand for energy products, competition from other pipelines and transportation methods, and volatility in commodity prices.
• Operational Risks: Potential accidents, cyber-attacks, natural disasters, and operational disruptions.
• Financial Risks: Exposure to counterparty credit risk, changes in interest rates, and the ability to access financing.
• Regulatory Risks: Changes in laws and regulations, environmental and safety regulations, and rate regulation by FERC and other agencies.