Investor Presentaiton

Significant Management Ownership - Continued Buying • Since January 2021, Energy Transfer insiders and independent board members purchased approximately 38.5 million units, totaling ~$382 million Leadership Support 12% Executive Chairman (Kelcy Warren) - Open market ET unit purchases since Jan. 2019: ~55mm units or ~$594mm 10% Co-CEOs required to hold 6x annual base salary in ET units Insider Ownership % 8% 6% 4% 2% Insider Ownership vs Peers 0% ET Peers S&P 500 S&P 500 Energy Management and Insiders significantly aligned with unitholders Source: Bloomberg/Company Filings Peer Group: DCP, ENB, EPD, KMI, OKE, TRGP, PAA, WMB, MMP 1. Includes ~$614k paid in tax liability to retain ~181k units associated with the vesting of a Company grant in December 2021 ՈՐ Ownership Breakout Insiders ~11% Retail ~51% Institutions ~38% ENERGY TRANSFER 22 22

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