Energy Transfer Corporate Presentation
Well Balanced Asset Mix Provides Strong Earnings
Q3 2023 Adjusted EBITDA by Segment
SUN, USAC &
Other
11%
Natural Gas
Interstate &
Intrastate
Transportation &
Storage
Crude Oil
20%
روس
ENERGY
TRANSFER
Segment
Crude Oil
NGL & Refined
Products
Contract Structure
Fees from dedicated
acreage, take-or-pay and
throughput-based
transportation, terminalling
and storage
Fees from plant
dedications and take-or-
pay transportation
contracts, storage fees and
fractionation fees, which
are primarily frac-or-pay
structures
Strength
Significant connectivity from
Permian, Bakken and Midcon
basins to U.S. markets,
including Nederland terminal
~60 facilities connected to ET's
NGL pipelines, and benefit from
recent frac expansions at the
Mont Belvieu complex
21%
Midstream
(Nat Gas, Crude Oil
NGL & Refined
Products
30%
Natural Gas
Interstate
Transport &
Storage
Fees based on reserved
capacity, take-or-pay
contacts
Connected to all major U.S.
supply basins and demand
markets, including exports
& NGLs)
18%
Midstream
(Gathering &
Processing)
Natural Gas
Intrastate
Transport &
Storage
Minimum volume
commitment (MVC),
acreage dedication,
utilization-based fees and
percent of proceeds (POP)
Reservation charges and
transport fees based on
utilization
Significant acreage dedications,
including assets in Permian,
Eagle Ford, Anadarko and
Marcellus/Utica Basins
Largest intrastate pipeline
system in the U.S. with
interconnects to TX markets, as
well as major consumption
areas throughout the US
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