Energy Transfer Corporate Presentation

Significant Management Ownership - Continued Buying • Since January 2021, Energy Transfer insiders and independent board members purchased more than 40 million units, totaling $411 million Leadership Support 12% Executive Chairman (Kelcy Warren) - Open market ET unit purchases since Jan. 2019: ~57mm units or ~$621mm 10% Co-CEOs required to hold 6x annual base salary in ET units Source: Bloomberg/Company Filings Peer Group: DCP, ENB, EPD, KMI, OKE, TRGP, PAA, WMB, MMP 1. As of 9/30/2023 Insider Ownership % 8% 6% 4% 2% Insider Ownership vs Peers¹ 0% ET Peers S&P 500 S&P 500 Energy Management and Insiders significantly aligned with unitholders روس ENERGY TRANSFER Ownership Breakout' Insiders ~11% Retail -49% Institutions ~40% 13

View entire presentation