Investor Presentaiton

1. Well Balanced Asset Mix Provides Strong Earnings Q2 2023 Adjusted EBITDA by Segment¹ SUN, USAC & Natural Gas Interstate & Intrastate Other Transportation & 12% Crude Oil 22% 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 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 Storage 21% Midstream (Nat Gas, Crude Oil NGL & Refined Products 27% 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% Includes two months contribution from Lotus Acquisition, which closed May 2, 2023 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 19

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