KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

(Units in millions; Dollars in millions except per unit amounts)

	Three Months Ended June 30,
	2013			2012
Weighted Average Number of Units Used in Computation of Limited Partners' Net Income (Loss) per Unit	413			342
Calculation of Limited Partners' interest in Net Loss
Amounts attributable to Kinder Morgan Energy Partners, L.P.:
Income from Continuing Operations	$	1,000		$	408
Less: Pre-acquisition earnings allocated to General Partner	—			21
Add: Drop Down asset groups' severance expense allocated to General Partner	4			—
Less: General Partner's remaining interest	(422		)	(336		)
Limited Partners' Interest	582			93
Add: Limited Partners' Interest in Discontinued Operations	—			(274		)
Limited Partners' Interest in Net Loss	$	582		$	(181	)
Limited Partners' Net Income (Loss) per Unit:
Income (Loss) from Continuing Operations	$	1.41		$	0.27
Income (Loss) from Discontinued Operations	—			(0.80		)
Net Loss	$	1.41		$	(0.53	)

	Six Months Ended June 30,
	2013			2012
Weighted Average Number of Units Used in Computation of Limited Partners' Net Income (Loss) per Unit	395			340
Calculation of Limited Partners' interest in Net Loss
Amounts attributable to Kinder Morgan Energy Partners, L.P.:
Income from Continuing Operations	$	1,785		$	883
Less: Pre-acquisition earnings allocated to General Partner	(19		)	21
Add: Drop Down asset groups' severance expense allocated to General Partner	6			—
Less: General Partner's remaining interest	(824		)	(657		)
Limited Partners' Interest	948			247
Add: Limited Partners' Interest in Discontinued Operations	(2		)	(540		)
Limited Partners' Interest in Net Loss	$	946		$	(293	)
Limited Partners' Net Income (Loss) per Unit:
Income (Loss) from Continuing Operations	$	2.40		$	0.73
Income (Loss) from Discontinued Operations	(0.01		)	(1.59		)
Net Loss	$	2.39		$	(0.86	)