Investor Presentaiton

Increasing Investment Returns With Shorter Cash Cycle 2023E Growth Capital: ~$2 billion لاس % of 2023E • Bear high-recovery cryogenic processing plant • New treating capacity in the Haynesville Midstream ~45% • Efficiency improvements and emissions reductions projects Multiple gathering & processing and compression projects (primarily WTX, STX, Eastern) • Mont Belvieu Frac VIII • Mont Belvieu Frac and storage facilities optimization NGL & Refined Products • Nederland LPG facilities optimization -25% Nederland NGL Expansion • Multiple smaller projects • Compression and optimization projects on existing pipelines Interstate • New Gulf Run customer connections -15% • Multiple smaller projects • Projects associated with Lotus acquisition Crude -10% • New customer pipeline connections • Other¹ New customer pipeline connections -5% • Compression and optimization projects on existing pipelines 1. Other includes the Intrastate and All Other segments ENERGY TRANSFER 11

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