ET May 2022 Investor Presentation Final

Alternative Energy Group – Leveraging asset base andexpertise to develop projects to reduce environmental footprintFocused on leveraging significant asset base and energy industry expertise to develop projectsto reduce environmental footprint throughout operationsDual Drive Compressors - Established in 2012 Patented technology that allows for switching between electric motors and natural gas engines to drive compressors, andoffers the industry a more efficient compression system, helping reduce greenhouse gas emissions In 2021, this technology allowed ET to reduce Scope 1 CO2 emissions by more than 765,000 tons, a 53% improvementover 2019 In June 2021, our patented Dual Drive Technologies natural gas compression system was awarded a GPA MidstreamEnvironmental Excellence award for its impact on reducing CO2 emissionsCarbon Capture Utilization and Sequestration Currently pursuing projects related to G&P facilities, and evaluating opportunities to capture carbon from ET and third-partyfacilities in the Northeast and transport CO2 through existing underutilized ET pipelines near CO2 sources Provide cash flows to Energy Transfer with minimal capital requirements due to structures that allow monetization offederal tax creditsRenewable Energy Use Approximately 20% of the electrical energy ET purchases originates from a renewable energy sourcePartnership with the Arbor DayFoundation to plant 25,000 trees in 3states in 2022. Tree planting isunderway in the Michigan State Landsand will be Complete by mid-May.Renewable Fuels Evaluating opportunities to transport renewable diesel and renewable natural gas Benefit from significant current asset footprintSolar Entered into first-ever dedicated solar contract, which anchors a 28 megawatt solar facility (Maplewood 2) in West Texas Operate approximately 18,000 solar panel-powered metering stations across the country Entered into second renewable energy power purchase agreement for 120 megawatts of electricity from facility in NE TexasRepurpose Existing Assets Evaluating repurposing extensive acreage in WV, VA, KY and ND to develop solar and wind projects Pursuing opportunities to utilize ET’s significant asset footprint for the transportation of renewable fuels, CO2 and other products10

Corporate ResponsibilityProgram HighlightsEnvironmental,Health, andSafetyProgram Accomplishments Committed to pursuing a zero-incident culture Safety Incident Rate (TRIR) improved 34% from 2018 to 2020 Real-time tracking of EHS incidents focused on leading indicators Established an Alternative Energy Group to explore renewable energy projects Significant use of renewable energy in operations 20% of electrical energy purchased by ET on any given day originates from renewable energysources – enough to power 40,000 homes Five step risk reduction process for every EHS incident Compliance tracking and trending through a comprehensive Environmental ManagementSystem Support pipeline safety and environmental research through membership in the PipelineResearch Council International (PRCI) and the Intelligent Pipeline Integrity Program (iPIPE) Member API Environmental Partnership – Voluntary Methane Reduction Program ESG Metrics reported through EIC/GPA ESG Reporting Template 765,000 ton reduction of Scope 1 CO2 emissions with ET patented Dual-drive compressors, a53% improvement over 2019 Continuation of Ducks Unlimited partnership in 2022 with incremental 250k commitment forwetlands restoration Energy Transfer’s 4,000 operations personnel are trained and qualified in accordance withpipeline safety regulations and sustain over 52,000 individual nce 53.7 MM donated to charitable organizations between 2017 and 2020 2021 Forbes America’s Best Large Employers In 2020, 1000 employees participated in socially distanced and virtual volunteeractivities 175 nonprofit organizations served in 2020 – local to our assets Comprehensive Stakeholder Engagement Program that promotes proactive outreach andrespect for all people Ongoing Native American power agreements, easements, and scholarships 536 Liaison Meetings in 2020 – engaged 19,155 stakeholders Mailed more than 2 million brochures to stakeholders along Energy Transfer pipelines in 2020 Group SVP of Operations Services named one of 50 Most Powerful Women in Oil & Gas in2020 by the National Diversity Council Ongoing support and cooperation with Native American tribes 7,300 emergency responders trained through Energy Transfer Outreach Programs Adopted America’s Natural Gas Transporters’ Commitment to Landowners Received Texas Gas Association’s Transmission Workplace Safety Award in 2020 On-going emergency response and public awareness outreach programs In 2022, partnering with the Arbor Day Foundation to plant 25,000 trees Oversight of EHS compliance and ESG initiatives by Independent BOD Audit Committee Co-CEO Leadership and Management Compensation aligned with business strategies – performance based with retention focus Increased transparency with improved website disclosures Strong enforcement of integrity and compliance standards Annual Senior Management compliance review ET Deputy General Counsel serves as Chief Compliance Officer Added resources to oversee and manage compliance Quarterly compliance certifications from senior management Significant management ownership 13% of units Alignment of management/unitholders Website publication of GRI/SASB Index and EIC/GPA Midstream ESG Reporting TemplateAnnual Engagement Report and ESG Reporting Templateavailable on website at energytransfer.com11

Significant Management Ownership – Continued Buying in 2021Since January 2021, Energy Transfer insiders and independent board members purchased 20.3 million units, totaling 160 million; including a director purchase of 5.7mm in April 20222021 Insider PurchasesInsider Ownership vs PeersOwnership Breakout14%Executive Chairman: 19.1mm units; 148mmInsiders 13%12%Board of Directors: 1mm units; 10.3mmCEO: 81k units; 600kInsider Ownership %CFO: 83k units; 649k10%Retail 45%8%6%Institutions 42%4%2%0%ETPeersS&P 500S&P 500 EnergyManagement and Insiders significantly aligned with unitholdersSource: Bloomberg/Company Filings; as of 5/12/2022Peer Group: DCP, ENB, EPD, KMI, OKE, TRGP, PAA, WMB, MMP12

Comprehensive Permian Gas Takeaway SolutionsFlexibility to provide natural gas delivery to most market hubsWaha Header Permian Natural Gas Takeaway ProjectChicagoEnergy Transfer’s Waha header connects to more than 10 differentnatural gas pipelines, as well as to the TPP header¹, which contains over6 Bcf of connectivity to all significant markets Proposed project would include construction of a new intrastatepipeline from the Midland Basin to ET’s extensive pipelinenetwork south of the DFW area From there, ET’s vast pipeline systems provide significantflexibility to deliver natural gas to premier markets along theTexas Gulf Coast including Katy, Beaumont, and the HoustonShip Channel, as well as to Carthage, with potential deliveries tomost major U.S trading hubs and marketsTranswestern Pipeline 2.1 Bcf/d pipeline Bi-directional capabilities with the ability to accessTexas and Midcontinent supply hubs, as well as majorwestern markets in Arizona, Nevada and CaliforniaLamarSan ElizarioPerryvilleCarthageProposedWarrior PipelineWahaGulf Run PipelineGillisTrans-Pecos and Comanche Trail Pipelines The Trans-Pecos (TPP) and Comanche Trail Pipelines (CTP) aredesigned to transport natural gas from Waha to the Texas-Mexicoborder¹Oasis Pipeline ModernizationHenry HubPresidioTPP and CTP provide a combined 2.5 Bcf/d of gas takeawaycapacity to MexicoKatyAgua DulceHSC Modernization and debottlenecking work on the Oasis Pipelinecontinues Will add an incremental 60,000 Mcf/d of much needed takeawaycapacity out of the Permian Basin This capacity is expected to be available by the end of 2022Leading Permian Natural Gas franchise provides significant optionsfor long-term takeaway needs1.Energy Transfer has a 16% ownership interest in the TPP header, as well as a 16% interest in TPP and CTP13

Permian Natural Gas Takeaway PipelineWith Cost, Time and Market Access AdvantagesPermian Natural Gas Pipeline ProjectLamar Evaluating a Permian natural gas takeaway project that would utilize existingEnergy Transfer assets, along with a new-build pipeline, to address growingneed for additional natural gas takeaway Project would include construction of a new, large-diameter intrastatepipeline from Permian/Midland Basin to interconnect with ET’s existingpipeline network southwest of Ft. Worth, TX From there, ET’s vast pipeline systems provide significant flexibility todeliver natural gas to premier markets along the Texas Gulf Coastincluding Katy, Beaumont, and the Houston Ship Channel, as well as toCarthage, with potential deliveries to most major U.S trading hubs andmarkets New-build pipeline is expected to parallel existing right-of-way Project can be completed more quickly and at significantly less cost thancompetitor projects In active customer discussions to finalize commitments for the project Time-sensitive survey work and regulatory process has begun Once FID is reached, construction of the project could be completed inless than 2 yearsNew pipeline is ideal solution for natural gas growth out of the Permian Basin14

Gulf Run Pipeline ProjectProvides An Efficient Gulf Coast ConnectionGulf Run Pipeline Project Overview 135-mile, 42” interstate pipeline with an expected capacity of 1.65 Bcf/d Backed by a 20-year commitment for 1.1 Bcf/d with cornerstone shipperGolden Pass LNG (Qatar Petroleum & Exxon Mobil) Unparalleled access to prolific natural gas producing regions in the U.S.with ability to deliver Haynesville-area gas to Gulf Coast Region Currently under construction and expected to be complete by year-end2022 Developing future expansion as demand buildsLake Charles LNGGolden Pass LNGStrategic fit with other ET natural gas pipelines to provide access to marketsacross the Texas and Louisiana Gulf Coast15

Lake Charles LNG Export TerminalRenewed Interest As Global LNG Demand GrowsLake Charles LNG Export Project Executed LNG Sale and Purchase Agreements (SPA) with first deliveries expected tocommence as early as 2026 ENN Natural Gas – 1.8 million tonnes per annum for 20 yearsENN Energy – 0.9 million tonnes per annum for 20 yearsGunvor Group – 2.0 million tonnes per annum for 20 yearsSK Gas – 0.4 million tonnes per annum for 18 years The purchase price for all agreements is indexed to the Henry Hubbenchmark, plus a fixed liquefaction charge, and the LNG will be delivered ona free-on-board (FOB) basis SPAs become fully effective upon satisfaction of the conditions precedent byET, including reaching a Final investment decision (FID) In active negotiations with a number of high-quality customers, and expect to makeannouncements of additional offtake agreements in the weeks ahead The only brownfield project among those proposed on the U.S. Gulf Coast, providingtimeline and cost advantagesCurrent Lake Charles Terminal Assets 152-acre site Estimated export capacity of up to 16.5 million tonnes per year Two existing deep-water docks to accommodate ships up to 215,000 m3capacity On May 6, 2022, FERC granted Lake Charles LNG’s and Trunkline’s extension oftime request to allow for completion of construction and modifications untilDecember 16, 2028 Four LNG storage tanks with capacity of 425,000 m3 ET is currently targeting making FID by year-end 2022 Proximity to multiple natural gas producing basins and major pipelines,including direct connection to ET’s Trunkline pipeline systemRecent contracts provide positive momentum in moving the Lake Charles LNG project toward FID16

Crude Oil Segment – Bakken Pipeline SystemDAPLpipelinefacts.comBakken Pipeline System1 1,915-mile system connecting Bakken production to ET’s Nederland terminal on theGulf CoastDelivery PointsOrigin SitesBakken PipelineET Nederland Terminal Expect additional capacity to service commitments received through open seasons tobe in-service late in the third quarter of 2021 The Bakken Pipeline delivers U.S. oil that is critical to support American jobs, taxrevenue, energy security and independence Recently placed the next phase of incremental capacity into service, which is supportedby minimum volume commitments from long-term customers The Bakken Pipeline now has the ability to flow 750,000 barrels per day171.Ownership is ET: 36.37%, MarEn: 36.75%, PSX: 25%, XOM: 2%

Crude Oil Segment – Cushing South PipelineCushing South PipelineFrom DJ BasinET Cushing Terminal ET and Centurion Pipeline L.P. offers joint tariff crude oilservice from ET’s terminal in Cushing, OK to ET’s Nederlandterminal Provides ability to move Powder River and DJ Basin barrelsthrough Cushing to ET’s Nederland Terminal Primarily utilizes existing assets, including ET’s White Cliffs andPermian Express 1 pipeline Assets linked together via new connections in Oklahoma 65,000 bpd of crude oil capacity Phase II of the expansion nearly doubled the capacity to120,000 bpd The pipeline is already utilizing both Phase I and Phase IIcapacity to move volumes south to ET’s Gulf Coast terminalsCushingRinggoldET Nederland TerminalET White CliffsCenturion PipelineET Granite WashET Permian Express 1NederlandCommenced service in June 2021– expansion completed in Q1 202218

NGL & Refined Products Segment - A World Leader in NGLExportsIn total, ET’s market share of worldwide NGL exports has doubledover the last 24 months to nearly 20%ET NGL ExportsNederland Terminal800700Thousand barrels per 2021Expanding industry leading business while capturing future growth opportunities in new marketsSource: Internal and Kpler19

NGL & Refined Products Segment – Leading Northeast NGLFranchiseComprehensive Marcellus/Utica Shale solution reaching local, regional and international marketsMarcus Hook TerminalMariner East Pipeline System 800 acre site: inbound and outbound pipeline, along with truck, rail and marine capabilities Provides transportation, storage, and terminaling services from OH / Western PA to theMarcus Hook Terminal on the East Coast Products include ethane, propane, butane, C3 , and natural gasoline; developingcapabilities for refined products Supported by long-term, fee-based contracts with diversified customer base that includesproducers, midstream providers and major integrated energy companies In addition, PA Access began flowing refined products in January 2022 400,000 bbls/d of combined NGL and ethane export capacity at Marcus Hook Terminal 2 million bbls underground NGL storage; 3.8 million bbls (standard) above-ground NGLstorage; 1 million bbls refined products storage capacity; 1 million bbls crude storagecapacity1 4 export docks accommodate VLGC & VLEC sized vessels Began transporting natural gasoline on the Mariner system to Marcus Hook Terminal forgasoline blending and local consumption on April 1, 2021 Positioned for further expansion and development of exports, processing, storage andmanufacturingConstruction of the final phase of the Mariner East pipeline iscomplete, which brought its total NGL capacity to350,000 to 375,000 bbls/d, including ethaneET Terminal Facilities1.2.3.Note: crude storage reported in Crude Oil Transportation & Services segmentsA portion of ME1 has been converted to refined products service as part of the PA Access projectThis is a concept drawing. Actual pipe sizes and connection locations within each line segments vary8” ME1 Pipeline²Third Party Facility20” ME2 PipelinePA Propane Delivery16” ME2X PipelineMarcus Hook Terminal8” RP PipelineThird Party Pipeline12” ME2/GRE PipelineMarcellus Shale20

NGL & Refined Products Segment – Pennsylvania AccessAs Mariner East adds refined products to its slate of liquids transportation services, tremendous synergies can berealized with ET’s existing refined products pipelines and terminalsPA Access Overview Converted a portion of 8-inch ME1 NGL pipeline to refinedproducts service Facilitates refined products movements from Midwest supplyregions through Allegheny Access Pipeline System into PA andmarkets in the Northeast Reconnected and modified existing assetsConnect 8” ME1 line toRefined Products SystemAt Delmont and Montello 20-25,000 barrels per day of refined products capacity; easilyexpandable to 50,000 barrels per day Allows for efficient, inexpensive way to move refined productsto meet demand Incremental revenue and synergies with existing ET refinedproducts pipelines and terminal assets Provides flow from Ohio to Pennsylvania, and to upstate NewYork markets PA Access began flowing refined products in January 202221

NGL & Refined Products Segment – Ethane Export ProjectEthane Export Pipeline and Terminal FacilitiesThe Seri Everest, The World’s Largest VLECOrbit Pipeline JV Orbit Joint Venture with Satellite Petrochemical USA Corp includes a newethane export terminal on the U.S. Gulf Coast to provide ethane to Satellite’snewly-constructed ethane crackers At ET’s Nederland Terminal, Orbit constructed: 1.2 million barrel (standard) ethane storage tank 180,000 barrel per day ethane refrigeration facility 20-inch ethane pipeline originating at ET’s Mont Belvieu facilities that willmake deliveries to its Nederland export terminal, as well as domesticmarkets in the region ET is the operator of the Orbit assets, and provides storage and marketingservices for Satellite ET will ultimately provide Satellite with approximately 150,000 barrels perday of ethane under a long-term, demand-based agreement, which will rampup as new Satellite facilities come online In addition, ET constructed and wholly-owns the infrastructure required tosupply ethane to the pipeline and to load ethane onto carriers destined forinternational markets Loaded nearly 26 million barrels of ethane out of this facility through in 2021 For 2022, expect to load a minimum of 40 million barrels of ethane out of thisfacility, and project this to increase to up to 60 million barrels for 202322

NGL & Refined Products Segment –Nederland LPG/Natural Gasoline ExpansionsLegacy Mariner South System Completed in 2015, the legacy Mariner South system integrated ET’s MontBelvieu assets with its Nederland Terminal Included batched butane and propane pipeline and chiller with a LPG exportcapacity of 180,000 BPDNederland Natural Gasoline Expansions Loaded first barge with natural gasoline in July 2019 Repurposed existing pipeline to export 30,000 BPD of natural gasoline Completed construction of new 600,000 Bbl natural gasoline storage tank inDecember 2020 Completed de-bottlenecking in early 2020 which added 55,000 BPD of additionalexport capacityNederland LPG Export Expansions Constructed new 20” pipeline from Mont Belvieu to Nederland to segregatesystem into separate dedicated product pipelines New butane chiller provided an additional 180 MBPD of LPG export capacity Existing chiller now dedicated to propane use Completed dock expansion/conversions to go from one dock to three dockscapable of exporting ethane, propan

Renewable Energy Use Approximately 20% of the electrical energy ET pur chases originates from a renewable energy source Renewable Fuels Evaluating opportunities to transport renewable diesel and renewable natural gas Benefit from significant current asset footprint Carbon Capture Utilization and Sequestration