Energy Transfer Corporate Presentation

Growth Through Organic Projects and M&A ➤ Key asset additions since the end of Q3 2022 روس ENERGY TRANSFER Woodford Express Gulf Run Pipeline Bear Processing Plant Crestwood Equity Partners . Purchase price of $485mm¹ (In Service December '22) • (In Service June '23) • Valued at $7.1B² • (Closed September '22) • (Closed November 3, 2023) Lotus Midstream Grey Wolf Processing Plant . Total consideration of $1.5B3 Frac VIII . © (In Service December '22) • (Closed May '23) (In Service August '23) Consideration included $930mm in cash and -44.5mm newly issued ET common units, which had an aggregate acquisition-date fair value of $574mm 123 1. Plus working capital 2. At time of announcement 3. 7

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