Investor Presentaiton

What's New? Ր ENERGY TRANSFER Operational Achieved record intrastate natural gas transportation volumes in 3Q'22 Midstream gathered volumes reached a new record in 3Q'22 Nederland and Marcus Hook Terminals set new records for ethane exports in 3Q'22 NGL fractionation volumes reached a new record in 3Q'22 ➤ Recently completed mainline construction of Gulf Run Pipeline with compression modifications expected to be complete by YE'22 ➤ Signed new LNG offtake agreements for Lake Charles LNG project Financials Increased 2022 Guidance for third time: Expected Adj. EBITDA: $12.8 - $13.0B Up from previous guide: $12.6 - $12.8B Growth Capital remains: $1.8 - $2.1B Adjusted EBITDA - Q3'22: $3.1B (up -20% from 3Q'21) Distributable Cash Flow (DCF) - Q3'22: $1.6B (up -20% from 3Q'21) Excess cash flow after distributions - Q3'22: $760mm ➤ YTD'22 Capital Expenditures' — Growth: $1.3 B Maintenance: ~$485 mm Strategic On December 5, 2022, priced $1 billion of 5.55% senior notes due 2028, and $1.5 billion of 5.75% senior notes due 2033 Intend to use net proceeds to repay outstanding indebtedness and for general partnership purposes ➤ In September, completed Woodford Express bolt-on acquisition for $485 million ➤ In August, completed previously announced sale of ET Canada for cash proceeds of $302mm. The sale reduced ET's consolidated debt by ~$850mm² To date, executed six long-term LNG SPAs to supply 7.9 million tonnes of LNG per annum Business continues to deliver outstanding operating and financial performance with higher volumes in all segments 72 1. Energy Transfer excluding SUN and USA Compression capital expenditures. 2. Includes the use of proceeds to pay down ET's revolving credit facility and deconsolidation of ET Canada's debt. 3

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