Investor Presentaiton

Lotus Midstream Opportunistic Addition to Permian Pipeline Network ENERGY TRANSFER Roosevelt Eddy New Mexico Texas Centurion Station Centurion Terminal ET Station ET Terminal Centurion Crude System Wink to Webster Pipeline ET Crude System 0 10 20 30 40 Mi Kyer 324223 Gi 14x022Cercur on Hess Release Map 12-24-23 Lamb Bailey Hale Cochran Hockley Lubbock To Cushing Floyd Motley CoNie Crosby Dickens King Kont Stonewa Yoakum Terry Lyrin Garza Lea Gaines Dawson Borden Scurry Fisher Andrews Martin Howard Mitchell Nolan Loving Winkler Ector Glasscock Coke Sterling Reeves Ward Crane Upton Reagan Irion Pecos Crockett Tom Green Schleicher Overview ՈՐ ENERGY TRANSFER ➤ Fully integrated crude pipeline and terminal system in the Permian Basin ➤ 3,000 miles of active gathering transmission pipelines with direct connections to Energy Transfer's network and major hubs including Cushing (new to ET), Midland, Colorado City, Wink and Crane (new to ET) ➤ Provides strategic bi-directional pipeline with direct connection between the Permian Basin and the strategic Cushing, OK hub ➤ Adds 2 million barrels of crude oil storage capacity in Midland, TX ➤ Includes a 5% equity interest in the Wink to Webster Pipeline ➤ System supported by long-term, predominantly fixed-fee contracts with significant acreage dedications from active, proven producers ➤ Immediately accretive to Free Cash Flow and Distributable Cash Flow per unit ➤ Structured to continue Energy Transfer's positive financial momentum and improving leverage ratios ➤ On May 2, 2023, Energy Transfer completed the acquisition of Lotus Midstream Operations, LLC for total consideration of $900 million in cash and approximately 44.5 million newly issued common units Strategic bolt-on which enhances ET's Permian crude oil network

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