Energy Transfer Corporate Presentation

Track Record of Efficient Consolidation ENABLE* MIDSTREAM PARTNERS LOTUS MIDSTREAM روس ENERGY TRANSFER Crestwood Equity Partners LP Closed December 2021 Assets complementary to ET's interstate and intrastate pipeline system Increased gathering and processing footprint in the Midcontinent and added complementary U.S. Gulf Coast infrastructure Anchored by strong customers and fee-based contracts Immediately accretive to free cash flow and DCF/unit At announcement, transaction value represented 6.9x multiple of 2021E run-rate EBITDA WOODFORD EXPRESS, LLC FORD EXPRESS LLC ➤ Closed September 2022 Assets extended ET's gas gathering and processing system in the SCOOP play in OK ➤ Added processing/treating plant and gathering lines directly connected to ET's network Anchored by strong customers and fee-based with significant acreage dedications contracts ➤ Immediately accretive to free cash flow and DCF/unit Closed May 2023 Assets complementary to ET's crude oil pipeline system Increased gathering and processing footprint in the Permian Basin and increased connectivity to major hubs Anchored by strong customers and fee-based contracts Immediately accretive to free cash flow and DCF/unit Closed November 2023 Assets enhance NGL & Refined Products storage and logistics business Increases gathering and processing footprint in Delaware and Williston Basins Adds entry into the Powder River Basin Anchored by primarily fixed fee agreements and top-tier customer base Immediately accretive to DCF/unit upon closing 60

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