Investor Presentaiton
Growing With Increased Financial Discipline - 2023 A Key
Inflection Period
Legacy ET Organic Growth
Capital1
2018
$4.9B
2023E
~$2B
ET Adjusted EBITDA²
2023E
$13.1-$13.4B
2018
$9.5B
Long-term annual growth capital run rate expected to be
between $2 billion to $3 billion
1Includes ET's proportionate share of JV spend
2Adjusted EBITDA includes 100% of ET's EBITDA related to non-wholly-owned subsidiaries
2017
•
Trans Pecos/Comanche Trail
Pipelines*
Major growth projects added since 2017
Bakken Pipeline System*
Permian Express 3*
Arrowhead Plant
•
Panther Plant
•
•
Rover Pipeline*
2018
•
Frac V
Arrowhead II Plant
•
Mariner East 2
•
Rebel II Plant
ENERGY
TRANSFER
JC Nolan Diesel Pipeline*
Arrowhead III Plant
•
Panther II Plant
•
Bayou Bridge Phase II*
•
•
2019
•
Permian Express 4*
Frac VI
Red Bluff Express Pipeline*
•
2020
Frac VII
Mariner East 2X
PA Access
•
•
Lone Star Express Expansion
Mariner East 2X
2021
PA Access
.
•
Cushing South Phase I
Mariner East 2
2022
•
Ted Collins Link
•
Cushing South Phase II
•
Orbit Ethane Export Terminal*
LPG Expansions
•
Bakken Optimization*
.
Permian Bridge
•
Permian Bridge Phase II
•
Grey Wolf Processing Plant
•
Gulf Run Pipeline
2023
•
Bear Processing Plant
Frac VIII³
•
Pipeline optimization projects
*Joint Ventures
3 Currently under construction
21
24View entire presentation