Investor Presentaiton

Diverse Earnings Supported by Predominantly Fee-Based Contracts Q3 2022 Adjusted EBITDA by Segment SUN, USAC & Other 14% Interstate & Intrastate Natural Gas Transportation & Storage 23% Crude Oil 15% Midstream (Nat Gas, Crude Oil & NGLs) 28% NGL & Refined Products 21% ՈՐ 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 to 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 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 Midstream 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 8

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