Investor Presentaiton

1. . • Comprehensive Permian Gas Takeaway Solutions Flexibility to provide natural gas delivery to most market hubs Waha Header Energy Transfer's Waha header connects to more than 10 different natural gas pipelines, as well as to the TPP header', which contains over 6 Bcf of connectivity to all significant markets Transwestern Pipeline 2.1 Bcf/d pipeline Bi-directional capabilities with the ability to access Texas and Midcontinent supply hubs, as well as major western markets in Arizona, Nevada and California San Elizario Proposed Warrior Pipeline Waha Chicago Lamar Perryville Carthage Gulf Run Pipeline Gillis Henry Hub ՈՐ ENERGY TRANSFER . Permian Natural Gas Takeaway Project Proposed project would include construction of a new intrastate pipeline from the Midland Basin to ET's extensive pipeline network south of the DFW area From there, ET's vast pipeline systems provide significant flexibility to deliver natural gas to premier markets along the Texas Gulf Coast including Katy, Beaumont, and the Houston Ship Channel, as well as to Carthage, with potential deliveries to most major U.S trading hubs and markets Yes Trans-Pecos and Comanche Trail Pipelines The Trans-Pecos (TPP) and Comanche Trail Pipelines (CTP) are designed to transport natural gas from Waha to the Texas-Mexico border¹ TPP and CTP provide a combined 2.5 Bcf/d of gas takeaway capacity to Mexico Presidio Katy HSC Agua Dulce Leading Permian Natural Gas franchise provides significant options for long-term takeaway needs Energy Transfer has a 16% ownership interest in the TPP header, as well as a 16% interest in TPP and CTP Oasis Pipeline Modernization Modernization and debottlenecking work on the Oasis Pipeline continues Will add an incremental 60,000 Mcf/d of much needed takeaway capacity out of the Permian Basin This capacity is expected to be partially in service by the end of 2022 with full in service by the end of January 2023 16

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