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ENERGY TRANSFER REPORTS SECOND QUARTER 2026 RESULTS

AND UPDATES 2026 FINANCIAL GUIDANCE

Dallas – August 4, 2026 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2026.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2026 of $2.09 billion compared to $1.16 billion for the three months ended June 30, 2025. For the three months ended June 30, 2026, net income per common unit (basic) was $0.59.

Adjusted EBITDA for the three months ended June 30, 2026 was $5.07 billion compared to $3.87 billion for the three months ended June 30, 2025, an increase of 31%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2026 was $2.59 billion compared to $1.96 billion for the three months ended June 30, 2025, an increase of 32%.

The Partnership now expects its Adjusted EBITDA guidance for the full year of 2026 to range between $18.8 billion and $19.1 billion, compared to the previous range of between $18.2 billion and $18.6 billion. The Partnership expects to invest $5.6 billion to $5.9 billion in growth capital for 2026.

Growth capital expenditures in the second quarter of 2026 were $1.10 billion; maintenance capital expenditures were $307 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the second quarter of 2026 compared to the second quarter of 2025.

◦NGL transportation volumes were up 13%, setting a new Partnership record.

◦NGL exports were up 25%, setting a new Partnership record.

◦NGL fractionation volumes were up 3%.

◦Crude oil transportation volumes were up 4%, setting a new Partnership record.

◦Midstream gathered volumes were up 4%, setting a new Partnership record.

Strategic Highlights

•Energy Transfer is well positioned to benefit from multiple visible growth drivers across the business.

◦Increasing demand for natural gas infrastructure expansion to support the growing needs for power generation and LNG exports:

▪The Hugh Brinson Pipeline is now in commercial service and is expected to be capable of flowing the full Phase I capacity of 1.5 Bcf/d by September 1, 2026.

▪During the second quarter of 2026, Energy Transfer completed another 14-mile lateral off the Hugh Brinson Pipeline in Abilene, Texas, and it is now ready for service.

▪During the second quarter of 2026, Energy Transfer continued the development of its Desert Southwest expansion project and FERC recently completed scoping meetings in communities along the route.

▪In May 2026, Energy Transfer announced the Springerville Lateral on Transwestern Pipeline to support the conversion of two coal-fired plants to natural gas.

▪Energy Transfer recently had two customers add a combined 100 MMcf/d to their existing contracts for natural gas services to their power plant or data center sites in Texas.

▪Energy Transfer expects to announce additional natural gas pipeline projects later this year to fuel growing power demand.

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◦Growing demand for Natural Gas Liquids (NGLs) exports:

▪In June 2026, Energy Transfer announced a fully subscribed export expansion at Nederland facility. The project will increase ethane export capacity at the terminal by 240,000 barrels per day (bpd) along with 55,000 bpd of additional LPG capacity. As part of the expansion, Energy Transfer will also expand its Mont Belvieu to Nederland NGL export pipeline capacity to service the increased refrigeration capacity and will construct two additional NGL ship docks.

▪In the second quarter of 2026, Energy Transfer completed upgrades to its Lone Star Express pipeline, which provides more than 90,000 Bbls/d of incremental Permian NGL takeaway capacity on the pipeline system.

▪In the second quarter of 2026, Energy Transfer signed long-term transportation and/or fractionation agreements for approximately 300,000 Bbls/d on its y-grade assets that extend into the 2030s.

▪In June 2026, Energy Transfer placed the 275 MMcf/d Mustang Draw I processing plant into service in the Midland Basin.

▪In June and July 2026, Energy Transfer placed its third and fourth of eight planned 10-megawatt natural-gas fired electric generation facilities into service in West Texas to support the Partnership’s operations.

Financial Highlights

•In July 2026, Energy Transfer announced a quarterly cash distribution of $0.3400 per common unit ($1.36 annualized) for the quarter ended June 30, 2026, which is an increase of more than 3% compared to the second quarter of 2025. This is the Partnership’s nineteenth consecutive increase to its quarterly cash distribution.

•In July 2026, the Partnership issued $650 million aggregate principal amount of its Series 2026A junior subordinated notes due 2057 (the “Series 2026A notes”) and $1.10 billion aggregate principal amount of its Series 2026B junior subordinated notes due 2057 (the “Series 2026

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ENERGY TRANSFER REPORTS FIRST QUARTER 2026 RESULTS

AND UPDATES 2026 FINANCIAL GUIDANCE

Dallas – May 5, 2026 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2026.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2026 of $1.25 billion compared to $1.32 billion for the three months ended March 31, 2025. For the three months ended March 31, 2026, net income per common unit (basic) was $0.35.

Adjusted EBITDA for the three months ended March 31, 2026 was $4.94 billion compared to $4.10 billion for the three months ended March 31, 2025, an increase of 20%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2026 was $2.70 billion compared to $2.31 billion for the three months ended March 31, 2025.

The Partnership now expects its Adjusted EBITDA guidance for the full year of 2026 to range between $18.2 billion and $18.6 billion, compared to the previous range of between $17.45 billion and $17.85 billion. The Partnership expects to invest $5.5 billion to $5.9 billion in growth capital for 2026.

Growth capital expenditures in the first quarter of 2026 were $1.53 billion; maintenance capital expenditures were $175 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the first quarter of 2026 compared to the first quarter of 2025.

◦NGL and refined products terminal volumes were up 19%, setting a new Partnership record.

◦NGL exports were up 19%, setting a new Partnership record.

◦NGL transportation volumes were up 12%.

◦NGL fractionation volumes were up 11%, setting a new Partnership record.

◦Crude oil transportation volumes were up 8%, setting a new Partnership record.

◦Midstream gathered volumes were up 6%, setting a new Partnership record.

•In the first quarter, the Partnership’s Gateway NGL Pipeline debottlenecking project was placed into service, providing increased deliveries of Delaware Basin volumes to Energy Transfer’s NGL fractionation complex at Mont Belvieu.

•Construction is also underway on a new 3 million barrel ethane storage cavern at Energy Transfer’s NGL fractionation complex at Mont Belvieu. The cavern, which is expected in service in second half of 2027, will support Energy Transfer’s ninth fractionator at Mont Belvieu, as well as future ethane export expansions.

•The Partnership has now added connections to serve four new power plant loads in Oklahoma which will deliver approximately 300 MMcf/d of new gas supply. The first of these connections is now in service, with two more expected to be in service in the third quarter of this year, and the remaining connection expected to be in service in the fourth quarter of 2028.

•The Partnership’s 275 MMcf/d Mustang Draw I processing plant is currently being commissioned and is expected to be in full service in June 2026.

Strategic Highlights

•In February, Florida Gas Transmission (“FGT”), an Energy Transfer operated joint venture, completed Open Seasons on two new projects that are supported by 15- to 25-year agreements with anchor shippers. The FGT Phase IX project includes approximately 90 miles of pipeline looping and compression facilities with an expected capacity of approximately 525 MMcf/d. Subject to conditions precedent and reaching FID, the FGT South Florida project is an approximately 40-mile pipeline extension with an expected capacity of approximately 230 MMcf/d, along with compression and a new meter station.

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•In March, Transwestern Pipeline initiated the FERC pre-filing process for its Desert Southwest expansion project, as previously scheduled, and expects to file the formal certificate application with FERC in the fourth quarter of this year. In April, as part of its stakeholder engagement program, Energy Transfer hosted 15 open houses in communities along the proposed pipeline route throughout Texas, New Mexico and Arizona.

•Energy Transfer has recently entered into agreements to provide long-term, firm natural gas transportation services through its Texas intrastate system to support the Nexus Hubbard Campus, located in central Texas, where Nexus is constructing a behind-the-meter AI hyperscale campus powered by on-site natural gas generation.

•Energy Transfer recently approved the construction of the new Springerville Lateral Project, an approximately 120-mile, 30-inch pipeline with a capacity of approximately 625 MMcf/d that will extend south from ET’s existing Transwestern Pipeline to new natural gas-powered generation that is expected to replace two coal-fired plants. The project is backed by 20-year agreements and is expected to be in service in the fourth quarter of 2029. Total growth capital is expected to be approximately $600 million.

•At Nederland, Energy Transfer recently extended the majority of its existing ethane export agreements into

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ENERGY TRANSFER REPORTS FOURTH QUARTER 2025 RESULTS

Dallas – February 17, 2026 – Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2025.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2025 of $928 million compared to $1.08 billion for the same period last year. For the three months ended December 31, 2025, net income per common unit (basic) was $0.25.

Adjusted EBITDA for the three months ended December 31, 2025 was $4.18 billion compared to $3.88 billion for the same period last year, an increase of 8%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2025 was $2.04 billion compared to $1.98 billion for the same period last year.

Growth capital expenditures in the fourth quarter of 2025 were $1.40 billion; maintenance capital expenditures were $355 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the fourth quarter of 2025 compared to the fourth quarter of 2024.

◦NGL and refined product terminals volumes were up 12%.

◦NGL transportation volumes were up 5%.

◦NGL fractionation volumes were up 3%, setting a new Partnership record.

◦NGL exports were up 12%.

◦Crude oil transportation volumes were up 6%, setting a new Partnership record.

◦Midstream gathered volumes were up 4%.

◦Interstate natural gas transportation volumes were up 4%.

◦Intrastate natural gas transportation volumes were up 3%.

•Construction is underway on Mustang Draw II, a new 275 MMcf/d processing plant and related facilities in the Midland Basin. The plant is fully contracted and is expected to be in service in the fourth quarter 2026.

•In January 2026, Energy Transfer commenced natural gas deliveries to Oracle’s data center near Abilene, Texas under the first of multiple long-term agreements to supply an aggregate of approximately 900 MMcf/d of natural gas to three Oracle data centers, two of which are located in Texas.

Strategic Highlights

•In January 2026, Florida Gas Transmission (“FGT”), a joint venture pipeline which Energy Transfer operates, held an Open Season on two projects to meet growing demand across Florida. Both projects are supported by long-term, binding agreements from anchor customers.

◦The FGT Phase IX Project is designed to expand capacity to multiple locations across FGT’s market area for existing customers. The project includes the construction of up to 82 miles of pipeline looping, along with new and upgraded compression station facilities. Energy Transfer’s share of the project costs, excluding AFUDC, is expected to be up to $535 million. The project is expected to be in-service in the fourth quarter of 2028.

◦The South Florida Project includes the construction of a new 37-mile pipeline lateral and related facilities which are designed to enhance system reliability and efficiency in South Florida. Energy Transfer’s share of the project costs, excluding AFUDC, is expected to be $110 million. The project is expected to be in-service in the first quarter of 2030.

•In December 2025, Energy Transfer increased the transportation capacity of Transwestern Pipeline’s planned Desert Southwest expansion project to meet additional customer demand. The project’s main line pipeline diameter will be

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upsized from 42 inches to 48 inches, which increases the project’s capacity to up to 2.3 Bcf/d and the cost up to approximately $5.6 billion. The project is supported by long-term contracts to serve continued population growth and positive economic momentum throughout Arizona and New Mexico. Natural gas for this project will be sourced from Energy Transfer’s premier asset base in the prolific Permian Basin.

•In December 2025, Energy Transfer suspended development of the Lake Charles LNG export project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provide superior risk/return profiles.

•In November 2025, Energy Transfer signed a 20-year natural gas firm transportation agreement with Entergy Louisiana for natural gas capacity to support new economic development in North Louisiana. The project includes expanding Energy Transfer’s Tiger Pipeline with the construction of a 12-mile lateral, which is expected to have a capacity of 250,000 MMBtu/d. Natural gas supply for this project will be sourced from Energy Transfer’s extensive pipeline network, which is connected to all the major producing basins in the U.S.

Financial Highlights

•In January 2026, Energy Transfer announced a quarterly cash distribution of $0.3350 per common unit ($1.34 annualized) for the quarter ended December 31, 2025, which is an increase of more than 3% compared to the fourth quarter of 2024.

•As of December 31, 2025, the Partnership’s revolving credit facilit

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ENERGY TRANSFER REPORTS THIRD QUARTER 2025 RESULTS

Dallas – November 5, 2025 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2025.

Energy Transfer reported net income attributable to partners for the three months ended September 30, 2025 of $1.02 billion compared to $1.18 billion for the three months ended September 30, 2024. For the three months ended September 30, 2025, net income per common unit (basic) was $0.28.

Adjusted EBITDA for the three months ended September 30, 2025 was $3.84 billion compared to $3.96 billion for the three months ended September 30, 2024.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2025 was $1.90 billion compared to $1.99 billion for the three months ended September 30, 2024.

The decreases in Adjusted EBITDA and Distributable Cash Flow attributable to partners, as adjusted, were driven by the impact of several one-time items during the third quarter of 2025.

Growth capital expenditures in the third quarter of 2025 were $1.14 billion, while maintenance capital expenditures were $293 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the third quarter of 2025 compared to the third quarter of 2024.

◦NGL and refined products terminal volumes were up 10%, setting a new Partnership record.

◦NGL transportation volumes were up 11%, setting a new Partnership record.

◦NGL exports were up 13%, setting a new Partnership record.

◦Interstate natural gas transportation volumes were up 8%.

◦Intrastate natural gas transportation volumes were up 5%.

◦Midstream gathered volumes were up 3%, setting a new Partnership record.

•In November 2025, Energy Transfer announced plans to construct a new 250 MMcf/d processing plant and related facilities in the Midland Basin. Mustang Draw II is expected to be in service in the fourth quarter of 2026.

•In September 2025, Energy Transfer executed agreements to expand its Price River Terminal in Utah which will double its export capacity of American Premium Uinta (“APU”) oil. The project includes new railcar loading facilities, a new heated storage tank with approximately 120,000 barrels of capacity and two additional 6,000-foot storage unit tracks.

•Energy Transfer is also currently commissioning the third of eight, 10-megawatt natural-gas fired electric generation facilities in West Texas.

Strategic Highlights

•Energy Transfer has now executed multiple agreements with Oracle, including previously announced agreements, to supply natural gas to three U.S. data centers, two of which are in Texas. Under these long-term agreements, Energy Transfer will deliver approximately 900 MMcf per day of natural gas. Supply for these agreements is expected to be sourced from our extensive intrastate pipeline network, and construction of a new pipeline lateral from Hugh Brinson and our North Texas pipeline is already underway.

•Energy Transfer recently entered into a 20-year binding agreement with Entergy Louisiana to initially provide 250,000 MMBtu per day of firm transportation service to fuel their facilities in Richland Parish, Louisiana, subject to limited conditions precedent. The agreement would begin in December 2028 and includes an option for Entergy to expand the capacity in the future.

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•In August 2025, in support of customer demand for additional reliable natural gas service, the Partnership announced construction of a new natural gas storage cavern at its Bethel natural gas storage facility, located near Dallas-Fort Worth. The project will double the facility’s natural gas working storage capacity to more than 12 Bcf and is expected to be in service in late 2028.

Financial Highlights

•In October 2025, Energy Transfer announced a quarterly cash distribution of $0.3325 per common unit ($1.33 annualized) for the quarter ended September 30, 2025, which is an increase of more than 3% compared to the third quarter of 2024.

•As of September 30, 2025, the Partnership’s revolving credit facility had an aggregate $3.44 billion of available borrowing capacity.

•The Partnership now expects to be slightly below the lower end of its previously stated Adjusted EBITDA guidance range of $16.1 billion to $16.5 billion. The Partnership expects its 2025 growth capital expenditures to be approximately $4.6 billion.

•In support of the significant strategic growth opportunities, Energy Transfer expects to invest approximately $5 billion of growth capital in 2026. The majority of this capital is expected to be spent on natural gas-directed projects, which will further enhance the Partnership’s leading infrastructure business in Texas and throughout the U.S.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earn

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ENERGY TRANSFER REPORTS SECOND QUARTER 2025 RESULTS

Dallas – August 6, 2025 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2025.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2025 of $1.16 billion compared to $1.31 billion for the three months ended June 30, 2024. For the three months ended June 30, 2025, net income per common unit (basic) was $0.32.

Adjusted EBITDA for the three months ended June 30, 2025 was $3.87 billion compared to $3.76 billion for the three months ended June 30, 2024.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2025 was $1.96 billion compared to $2.04 billion for the three months ended June 30, 2024.

Growth capital expenditures in the second quarter of 2025 were $1.04 billion, while maintenance capital expenditures were $253 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the second quarter of 2025 compared to the second quarter of 2024.

◦Interstate natural gas transportation volumes were up 11%.

◦Midstream gathered volumes were up 10%, setting a new Partnership record.

◦Crude oil transportation volumes were up 9%, setting a new Partnership record.

◦Intrastate natural gas transportation volumes were up 8%.

◦NGL transportation volumes were up 4%, setting a new Partnership record.

◦NGL and refined products terminal volumes were up 3%, setting a new Partnership record.

◦NGL fractionated volumes were up 5%.

◦NGL exports were up 5%, setting a new Partnership record.

•In the second quarter of 2025, Energy Transfer placed its 200 MMcf/d Lenorah II Processing plant in the Midland Basin into service; the plant is currently running at full capacity.

•Energy Transfer recently placed its Nederland Flexport NGL Export Expansion Project into ethane and propane service and expects to begin ethylene service in the fourth quarter of this year. The project is expected to add up to 250,000 Bbls/d of total NGL export capacity at the Partnership’s Nederland terminal.

•Energy Transfer also recently placed the 200 MMcf/d Badger Processing Plant into service. This project involved the relocation of a previously idle plant to the Delaware Basin.

•Energy Transfer also recently commissioned the second of eight, 10-megawatt natural gas-fired electric generation facilities in West Texas. Two more of these facilities are expected to be placed into service in 2025, with the remainder expected in service in 2026.

Strategic Highlights

•Energy Transfer announced today a 1.5 Bcf/d expansion of its Transwestern Pipeline. Transwestern’s Desert Southwest Pipeline expansion will include a 516-mile, 42-inch natural gas pipeline that will connect the Permian Basin with markets in Arizona, New Mexico, and Texas, and is expected to be in service by the fourth quarter of 2029. The project is expected to cost approximately $5.3 billion, including $0.6 billion of Allowance for Funds Used During Construction (“AFUDC”), and is supported by significant, long-term commitments with investment grade counterparties.

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•Energy Transfer recently reached FID on Phase II of its Hugh Brinson Pipeline, which will include the addition of compression. Upon completion, this bi-directional pipeline will have the ability to transport approximately 2.2 Bcf/d from west to east and also transport approximately 1 Bcf/d from east to west.

•Energy Transfer also recently reached FID on the construction of a new storage cavern at its Bethel natural gas storage facility. This project will double Energy Transfer's natural gas working storage capacity at the facility to over 12 Bcf.

•Southeast Supply Header, LLC recently approved an expansion to its SESH pipeline to serve growing power generation needs.

•In June 2025, Energy Transfer signed an incremental Sale and Purchase Agreement (“SPA”) with Chevron U.S.A. Inc. (“Chevron”) for additional LNG supply from its proposed Lake Charles LNG export facility. The 20-year agreement for 1.0 million tonnes per annum (“mtpa”) increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 mtpa, following the initial 2.0 mtpa agreement signed in December 2024.

•In May 2025, Energy Transfer entered into a 20-year LNG SPA with Kyushu Electric Power Company, Inc. related to the Lake Charles LNG project, to supply 1.0 mtpa of LNG.

•In April 2025, Energy Transfer entered into a Heads of Agreement with MidOcean Energy (“MidOcean”) for the joint development of the Lake Charles LNG project, under which MidOcean would commit to fund 30% of the construction costs and be entitled to 30% of the LNG production.

Financial Highlights

•In July 2025, Energy Transfer announced a quarterly cash distribution of $0.33 per common unit ($1.32 annualized) for the quarter ended June 30, 2025, which is an increase of more than

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ENERGY TRANSFER REPORTS FIRST QUARTER 2025 RESULTS

Dallas – May 6, 2025 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2025.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2025 of $1.32 billion compared to $1.24 billion for the three months ended March 31, 2024. For the three months ended March 31, 2025, net income per common unit (basic) was $0.37.

Adjusted EBITDA for the three months ended March 31, 2025 was $4.10 billion compared to $3.88 billion for the three months ended March 31, 2024.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2025 was $2.31 billion compared to $2.36 billion for the three months ended March 31, 2024.

Growth capital expenditures in the first quarter of 2025 were $955 million, while maintenance capital expenditures were $165 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the first quarter of 2025 compared to the first quarter of 2024.

◦Interstate natural gas transportation volumes were up 3%, setting a new Partnership record.

◦Crude oil transportation volumes were up 10%.

◦NGL transportation volumes were up 4%.

◦NGL and refined products terminal volumes were up 4%.

◦NGL exports were up 5%.

◦Midstream gathered volumes were up more than 2%.

•In February 2025, Energy Transfer commissioned the first of eight, 10-megawatt natural gas-fired electric generation facilities to support the Partnership’s operations in Texas.

•During the first quarter of 2025, Energy Transfer commenced construction of Phase I of the Hugh Brinson Pipeline and secured all pipeline steel, which is currently being rolled in U.S. pipe mills.

Strategic Highlights

•In April 2025, Energy Transfer entered into a Heads of Agreement with MidOcean Energy (“MidOcean”) for the joint development of the Lake Charles LNG project, under which MidOcean would commit to fund 30% of the construction costs and be entitled to receive 30% of the LNG production.

•In February 2025, Energy Transfer entered into a long-term agreement with Cloudburst Data Centers, Inc. (“CloudBurst”) to provide natural gas to CloudBurst’s flagship AI-focused data center development.

•In February 2025, Energy Transfer approved construction of an additional natural gas processing plant in the Midland Basin. The Mustang Draw plant will have a processing capacity of approximately 275 MMcf/d and is expected to be in service in the second quarter of 2026.

Financial Highlights

•In April 2025, Energy Transfer announced a quarterly cash distribution of $0.3275 per common unit ($1.31 annualized) for the quarter ended March 31, 2025, which is an increase of more than 3% compared to the first quarter of 2024.

•As of March 31, 2025, the Partnership’s revolving credit facility had an aggregate $4.37 billion of available borrowing capacity.

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•The Partnership continues to expect its 2025 Adjusted EBITDA to be between $16.1 billion and $16.5 billion, and its 2025 growth capital expenditures to be approximately $5 billion.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months ended March 31, 2025. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Tuesday, May 6, 2025 to discuss its first quarter 2025 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 130,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and approximately 21% of the outstanding common units of Sunoco LP (NYSE: SUN), and the general partner interests and app

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ENERGY TRANSFER REPORTS FOURTH QUARTER 2024 RESULTS

AND ANNOUNCES 2025 OUTLOOK

Dallas – February 11, 2025 – Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2024.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2024 of $1.08 billion. For the three months ended December 31, 2024, net income per common unit (basic) was $0.29.

Adjusted EBITDA for the three months ended December 31, 2024 was $3.88 billion compared to $3.60 billion for the same period last year, an increase of 8%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2024 was $1.98 billion.

Growth capital expenditures in the fourth quarter of 2024 were $1.22 billion while maintenance capital expenditures were $309 million.

2025 Outlook

•Energy Transfer expects its 2025 Adjusted EBITDA to range between $16.1 billion and $16.5 billion.

•For 2025, the Partnership expects its growth capital expenditures to be approximately $5.0 billion. Maintenance capital expenditures for 2025 are expected to be approximately $1.1 billion.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the fourth quarter of 2024.

◦Crude oil transportation volumes were up 15%.

◦NGL transportation volumes were up 5%.

◦NGL exports were up more than 2%.

◦Midstream gathered volumes increased 2%.

◦Interstate natural gas transportation volumes were up 2%.

•In December 2024, Energy Transfer completed the initial phase of the Sabina 2 pipeline conversion from Mont Belvieu to Nederland, which increased the capacity for multiple products from 25,000 barrels per day to 40,000 barrels per day.

•In November 2024, Energy Transfer completed the optimization of the Grey Wolf processing plant in the Permian Basin, which increased the capacity of the plant from 200 MMcf/d to 250 MMcf/d.

•Energy Transfer also recently commissioned the first of eight, 10-megawatt natural gas-fired electric generation facilities to support the Partnership’s operations in Texas.

Strategic Highlights

•Yesterday, Energy Transfer announced that it has entered into a long-term agreement with Cloudburst Data Centers, Inc. (“CloudBurst”) to provide natural gas to CloudBurst’s flagship AI-focused data center development. Per the agreement, Energy Transfer would utilize its Oasis Pipeline to provide natural gas to CloudBurst’s Next-Gen Data Center campus in central Texas, subject to CloudBurst reaching a final investment decision with its customer.

•In December 2024, Energy Transfer announced that it has reached a positive final investment decision for the construction of the Hugh Brinson Pipeline, an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs in Texas.

•In December 2024, Energy Transfer announced a 20-year LNG Sale and Purchase Agreement (“SPA”) to supply 2.0 million tonnes of LNG per annum to Chevron U.S.A. Inc. related to its Lake Charles LNG project.

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•In February 2025, the Partnership approved construction of an additional processing plant in the Midland Basin. The Mustang Draw plant will have a capacity of approximately 275 MMcf/d and is expected to be in service in the first half of 2026.

Financial Highlights

•In January 2025, Energy Transfer announced a quarterly cash distribution of $0.3250 per common unit ($1.30 annualized) for the quarter ended December 31, 2024, which is an increase of 3.2% compared to the fourth quarter of 2023.

•As of December 31, 2024, the Partnership’s revolving credit facility had an aggregate $2.21 billion of available borrowing capacity.

•For the three months ended December 31, 2024, the Partnership invested approximately $1.22 billion on growth capital expenditures.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months or full year ended December 31, 2024. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Tuesday, February 11, 2025 to discuss its fourth quarter 2024 results and provide an update on the Partnership, including its outlook for 2025. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the Unite

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ENERGY TRANSFER REPORTS THIRD QUARTER 2024 RESULTS

Dallas – November 6, 2024 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2024.

Energy Transfer reported net income attributable to partners for the three months ended September 30, 2024 of $1.18 billion. For the three months ended September 30, 2024, net income per common unit (basic) was $0.33.

Adjusted EBITDA for the three months ended September 30, 2024 was $3.96 billion compared to $3.54 billion for the three months ended September 30, 2023.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2024 was $1.99 billion, an increase of $4 million from the three months ended September 30, 2023.

Growth capital expenditures in the third quarter of 2024 were $724 million, while maintenance capital expenditures were $359 million.

Operational Highlights

•With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the third quarter of 2024.

•Crude oil transportation volumes were up 25%, setting a new Partnership record.

•Crude oil exports were up 49%.

•Midstream gathered volumes and produced volumes were up 6% and 26%, respectively, setting new Partnership records.

•NGL fractionation volumes were up 12%, setting a new Partnership record.

•NGL transportation volumes were up 4%, setting a new Partnership record.

•The Partnership recently completed a 50 MMcf/d expansion to the Orla East processing plant in the Permian Basin.

•The Partnership also recently completed construction of a 30-mile crude oil pipeline that allows Energy Transfer to transport approximately 100,000 Bbls/d of crude oil from its terminals in Midland, Texas to Cushing, Oklahoma.

•Energy Transfer recently approved construction of its ninth fractionator at Mont Belvieu, which will have a capacity of 165,000 Bbls/d. Frac IX is expected to be in service in the fourth quarter of 2026 and will increase the Partnership’s total fractionation capacity at Mont Belvieu to more than 1.3 million Bbls/d.

Strategic Highlights

•In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC (“WTG Midstream”), which added approximately 6,000 miles of complementary gas gathering pipelines and extended Energy Transfer’s network in the Midland Basin. The transaction also added nine gas processing plants with a total capacity of approximately 1.5 Bcf/d, and an additional 200 MMcf/d processing plant is currently under construction.

•In July 2024, Energy Transfer and Sunoco LP formed a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer serves as the operator of the joint venture.

•With forecasts suggesting that natural gas fueled power demand will increase significantly in the future, Energy Transfer is seeing increasing opportunities to provide natural gas to power plants and data centers spread across its natural gas footprint, from Arizona to Florida and from Texas to Michigan.

Financial Highlights

•In October 2024, Energy Transfer announced a cash distribution of $0.3225 per common unit ($1.29 annualized) for the quarter ended September 30, 2024.

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•As of September 30, 2024, the Partnership’s revolving credit facility had $3.34 billion available for future borrowings.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months ended September 30, 2024. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Wednesday, November 6, 2024 to discuss its third quarter 2024 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 130,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportatio

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ENERGY TRANSFER REPORTS SECOND QUARTER 2024 RESULTS

Dallas – August 7, 2024 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2024.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2024 of $1.31 billion. For the three months ended June 30, 2024, net income per common unit (basic) was $0.35.

Adjusted EBITDA for the three months ended June 30, 2024 was $3.76 billion compared to $3.12 billion for the three months ended June 30, 2023. Adjusted EBITDA for the current quarter includes more than $80 million of transaction-related expenses incurred by the Partnership and Sunoco LP.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2024 was $2.04 billion compared to $1.55 billion for the three months ended June 30, 2023, an increase of $485 million.

Growth capital expenditures in the second quarter of 2024 were $549 million, while maintenance capital expenditures were $223 million.

Operational Highlights

•With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the second quarter of 2024.

•Crude oil transportation volumes were up 23%, setting a new Partnership record.

•Crude oil exports were up 11%.

•NGL fractionation volumes were up 11%.

•NGL exports were up approximately 3%, setting a new Partnership record.

•NGL transportation volumes were up 4%, setting a new Partnership record.

•NGL and refined products terminal volumes were up 4%, setting a new Partnership record.

•Refined products transportation volumes were up 9%.

•In June 2024, Energy Transfer began the relocation of a currently idle 200 MMcf/d cryogenic processing plant to the Delaware Basin. The Badger plant is expected to be in service in mid-2025.

•In July 2024, Energy Transfer placed a previously idle two million barrel butane well back into service at Mont Belvieu. This brings Energy Transfer’s total NGL storage capacity at Mont Belvieu to approximately 62 million barrels.

Strategic Highlights

•In July 2024, Energy Transfer completed the acquisition of WTG Midstream Holdings LLC (“WTG Midstream”). The acquired assets add approximately 6,000 miles of complementary gas gathering pipelines that extend Energy Transfer’s network in the Midland Basin. Also, as part of the transaction, the Partnership added eight gas processing plants with a total capacity of approximately 1.3 Bcf/d, and two additional processing plants under construction. Since closing the transaction, one of these 200 MMcf/d processing plants was placed into service.

•In July 2024, Energy Transfer and Sunoco LP announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations to the joint venture.

•Energy Transfer recently approved the construction of its ninth fractionator at Mont Belvieu. Frac IX will have capacity of 165,000 Bbls/d and is expected to be in service in the fourth quarter of 2026.

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Financial Highlights

•Energy Transfer now expects its full-year 2024 Adjusted EBITDA to range between $15.3 billion and $15.5 billion, compared to the previous range of between $15.0 billion and $15.3 billion. Energy Transfer’s updated Adjusted EBITDA estimate includes the impact of the WTG Midstream acquisition, which closed on July 15, 2024, and outperformance in the base business, even with over $100 million of transaction costs also included within the full-year guidance. With the addition of new growth projects, Energy Transfer now expects its 2024 growth capital expenditures to be approximately $3.1 billion, primarily due to the addition of growth capital related to WTG Midstream and quicker returning projects in our crude oil transportation and services segment related to the recent Crestwood acquisition.

•During the second quarter of 2024, Energy Transfer redeemed all of its outstanding Series A and Series E preferred units.

•In June 2024, Energy Transfer’s senior unsecured debt rating was upgraded by Moody’s Ratings to Baa2. This follows upgrades by Fitch and S&P to BBB in February 2024 and August 2023, respectively.

•In June 2024, the Partnership issued $1.00 billion aggregate principal amount of 5.25% Senior Notes due 2029, $1.25 billion aggregate principal amount of 5.60% Senior Notes due 2034, $1.25 billion aggregate principal amount of 6.05% Senior Notes due 2054 and $400 million aggregate principal amount of 7.125% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.

•In July 2024, Energy Transfer announced a cash distribution of $0.32 per common unit ($1.28 annualized) for the quarter ended June 30, 2024, which is an incr

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ENERGY TRANSFER REPORTS STRONG FIRST QUARTER 2024 RESULTS

Dallas - May 8, 2024 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2024.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2024 of $1.24 billion. For the three months ended March 31, 2024, net income per common unit (basic) was $0.32.

Adjusted EBITDA for the three months ended March 31, 2024 was $3.88 billion compared to $3.43 billion for the three months ended March 31, 2023.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2024 was $2.36 billion compared to $2.01 billion for the three months ended March 31, 2023, an increase of $348 million.

Growth capital expenditures in the first quarter of 2024 were $461 million, while maintenance capital expenditures were $115 million.

First Quarter 2024 Operational Highlights

•With the addition of new growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the first quarter of 2024.

•Crude oil transportation volumes were up 44%, setting a new Partnership record.

•Crude oil terminal volumes were up 10%.

•NGL fractionation volumes were up 11%.

•NGL exports were up approximately 6%.

•NGL transportation volumes were up 5%.

•Interstate natural gas transportation volumes were up 5%.

•Midstream gathered volumes increased 1%.

•During the first quarter, Energy Transfer completed its Trunkline Pipeline backhaul project. The project added an incremental 400 MMcf/d of southward flow capacity on the pipeline system.

First Quarter 2024 Strategic Highlights

•Energy Transfer recently approved eight, 10-megawatt natural gas-fired electric generation facilities to support the Partnership’s operations in Texas. The Partnership expects these facilities to go into service throughout 2025 and 2026.

•Energy Transfer recently approved two projects to de-bottleneck its NGL pipelines from the Permian Basin to Mont Belvieu that are expected to provide more than 90 MBbls/d of incremental NGL takeaway capacity from the Permian Basin, as well as increase its deliverability into Mont Belvieu to over 1.3 million Bbls/d.

•In the first quarter, the Partnership commenced conversion of its Sabina 2 Pipeline, which was acquired in early 2024, to provide additional natural gasoline service between its Mont Belvieu NGL Complex and its Nederland Terminal.

Financial Highlights

•Energy Transfer now expects its full-year 2024 Adjusted EBITDA to range between $15.0 billion and $15.3 billion, compared to the previous range of between $14.5 billion and $14.8 billion. Energy Transfer’s updated Adjusted EBITDA estimate includes the impact of Sunoco LP’s acquisition of NuStar Energy L.P., which closed on May 3, 2024. With the addition of new growth projects, Energy Transfer also now expects its 2024 growth capital expenditures to be approximately $2.9 billion.

•In February 2024, Energy Transfer’s senior unsecured debt rating was upgraded by Fitch Ratings to BBB, following Standard and Poor’s upgrade to BBB in 2023.

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•In March 2024, Energy Transfer issued a notice to redeem all of its outstanding Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units on May 15, 2024.

•In April 2024, Energy Transfer announced a cash distribution of $0.3175 per common unit ($1.27 annualized) for the quarter ended March 31, 2024, which is an increase of 3.3% compared to the first quarter of 2023.

•As of March 31, 2024, the Partnership’s revolving credit facility had no outstanding borrowings.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months ended March 31, 2024. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Wednesday, May 8, 2024 to discuss its first quarter 2024 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnersh

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ENERGY TRANSFER REPORTS STRONG FOURTH QUARTER 2023 RESULTS

AND ANNOUNCES 2024 OUTLOOK

Dallas – February 14, 2024 – Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2023.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2023 of $1.33 billion, an increase of $172 million compared to the same period last year. For the three months ended December 31, 2023, net income per common unit (basic) was $0.37.

Adjusted EBITDA for the three months ended December 31, 2023 was $3.60 billion compared to $3.44 billion for the same period last year, an increase of $165 million.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2023 was $2.03 billion compared to $1.91 billion for the same period last year.

Growth capital expenditures in 2023 were $1.59 billion while maintenance capital expenditures were $762 million.

2024 Outlook

•Energy Transfer expects its 2024 Adjusted EBITDA to range between $14.5 billion and $14.8 billion.

◦The midpoint of this range represents a 7% increase from 2023 Adjusted EBITDA of $13.7 billion, which was $100 million above the high end of Energy Transfer 2023 estimates.

•For 2024, the Partnership expects its growth capital expenditures to range from $2.4 billion to $2.6 billion, including approximately $300 million of spending that was deferred from Energy Transfer’s previous 2023 growth capital guidance. Maintenance capital expenditures for 2024 are expected to be between $835 million and $865 million.

Fourth Quarter 2023 Operational Highlights

•With the addition of new growth projects and acquisitions, Energy Transfer’s assets continued to reach new milestones during the fourth quarter of 2023.

◦NGL fractionation volumes were up 16%, setting a new Partnership record.

◦NGL transportation volumes were up 10%, setting a new Partnership record.

◦NGL exports were up more than 13%.

◦Interstate natural gas transportation volumes were up 5%.

◦Midstream gathered volumes increased 5%.

◦Crude oil transportation and terminal volumes were up 39% and 16%, respectively.

Fourth Quarter 2023 Strategic Highlights

•In November 2023, Energy Transfer completed its previously announced merger with Crestwood Equity Partners LP (“Crestwood”) and integration of the combined operations is ongoing. The merger is now expected to generate $80 million of annual cost synergies by 2026 with $65 million in 2024, before additional anticipated benefits from financial and commercial synergies.

•In November 2023, Energy Transfer announced its entry into a non-binding Heads of Agreement (“HOA”) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for four million barrels per month.

Financial Highlights

•In January 2024, Energy Transfer announced a quarterly cash distribution of $0.3150 per common unit ($1.26 annualized) for the quarter ended December 31, 2023, which is an increase of 3.3% compared to the fourth quarter of 2022.

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•In January 2024, the Partnership issued $1.25 billion aggregate principal amount of 5.55% senior notes due 2034, $1.75 billion aggregate principal amount of 5.95% senior notes due 2054 and $800 million aggregate principal amount of 8.00% fixed-to-fixed reset rate junior subordinated notes due 2054. The Partnership used the net proceeds to refinance existing indebtedness, to redeem certain of its outstanding preferred units (as detailed below) and for general partnership purposes.

•In February 2024, the Partnership redeemed all of its outstanding Series C preferred units and Series D preferred units. The Partnership also intends to redeem all of its outstanding Series E preferred units in May 2024.

•As of December 31, 2023, the Partnership’s revolving credit facility had an aggregate $3.56 billion of available borrowing capacity.

•For the three months ended December 31, 2023, the Partnership invested approximately $379 million on growth capital expenditures.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months or full year ended December 31, 2023. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Wednesday, February 14, 2024 to discuss its fourth quarter 2023 results and provide an update on the Partnership, including its outlook for 2024. The conference call will be broadcast live via an internet webcast, which can be accessed through

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ENERGY TRANSFER REPORTS THIRD QUARTER 2023 RESULTS

Dallas - November 1, 2023 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023.

Energy Transfer reported net income attributable to partners for the three months ended September 30, 2023 of $584 million. For the three months ended September 30, 2023, net income per common unit (basic) was $0.15 per unit.

Adjusted EBITDA for the three months ended September 30, 2023 was $3.54 billion compared to $3.09 billion for the three months ended September 30, 2022.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2023 was $1.99 billion compared to $1.58 billion for the three months ended September 30, 2022.

Growth capital expenditures in the third quarter of 2023 were $418 million while maintenance capital expenditures were $180 million.

Operational Highlights

•During the third quarter of 2023, Energy Transfer’s assets continued to reach new milestones, with volumes increasing across most segments compared to the same period last year.

•NGL fractionation volumes were up 9%, setting a new Partnership record.

•NGL transportation volumes were up 14%, setting a new Partnership record.

•NGL exports were up more than 20%, setting a new Partnership record.

•Midstream gathered volumes increased 4%.

•Intrastate natural gas transportation volumes were up 2%.

•Interstate natural gas transportation volumes were up 15%.

•Crude transportation and terminal volumes were up 23% and 15%, respectively, both of which also set new Partnership records.

•In August 2023, Energy Transfer placed into service its eighth fractionator at its Mount Belvieu, Texas facility, bringing the Partnership’s total fractionation capacity at Mont Belvieu to over 1.15 million barrels per day.

Strategic Highlights

•On August 16, 2023, the Partnership announced its entry into a definitive merger agreement to acquire Crestwood Equity Partners LP (“Crestwood”). Under the terms of the merger agreement, Crestwood’s common unitholders will receive 2.07 Energy Transfer common units for each Crestwood common unit. Crestwood owns gathering and processing assets located in the Williston, Delaware and Powder River basins. On October 30, 2023, a majority of Crestwood’s unitholders voted to approve the merger. The transaction is expected to close on November 3, 2023, subject to customary closing conditions.

Financial Highlights

•Energy Transfer now expects its full-year 2023 Adjusted EBITDA to range between $13.5 billion and $13.6 billion, including the consolidated operations of Crestwood in November and December 2023. The Partnership now expects its 2023 growth capital expenditures to be slightly below its previously announced guidance of $2.0 billion and maintenance capital expenditures to be between $740 million and $790 million, including Crestwood.

•In August 2023, Energy Transfer’s senior unsecured debt rating was upgraded by Standard and Poor’s to BBB with a Stable outlook.

•In October 2023, Energy Transfer announced a quarterly cash distribution of $0.3125 per common unit ($1.25 annualized) for the quarter ended September 30, 2023.

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•As of September 30, 2023, the Partnership’s revolving credit facility had an aggregate $2.12 billion of available borrowing capacity. In October 2023, the Partnership used a portion of the proceeds from the sale of $4.00 billion aggregate principal amount of senior notes to repay borrowings on the revolving credit facility.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than one-third of the Partnership’s consolidated Adjusted EBITDA for the three months ended September 30, 2023. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference Call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Wednesday, November 1, 2023 to discuss its third quarter 2023 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 41 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrasta

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ENERGY TRANSFER REPORTS SECOND QUARTER 2023 RESULTS

Dallas - August 2, 2023 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2023.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2023 of $911 million. For the three months ended June 30, 2023, net income per common unit (basic) was $0.25 per unit.

Adjusted EBITDA for the three months ended June 30, 2023 was $3.12 billion compared to $3.23 billion for the three months ended June 30, 2022.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2023 was $1.55 billion compared to $1.88 billion for the three months ended June 30, 2022.

Growth capital expenditures in the second quarter of 2023 were $387 million while maintenance capital expenditures were $216 million.

Operational Highlights

•During the second quarter of 2023, Energy Transfer’s assets continued to reach new milestones, with volumes increasing across most segments compared to the same period last year.

•NGL fractionation volumes were up 5%, setting a new Partnership record.

•NGL transportation volumes were up 13%, setting a new Partnership record.

•Midstream gathered volumes increased 8%, setting a new Partnership record.

•Intrastate natural gas transportation volumes were up 3%, setting a new Partnership record.

•Interstate natural gas transportation volumes were up 17%.

•Crude transportation and terminal volumes were up 23% and 15%, respectively.

•Total NGL exports out of both the Nederland and Marcus Hook Terminals reached another record in the second quarter.

•In June 2023, the 200 MMcf/d Bear cryogenic processing plant, which is located in the Delaware Basin, was placed into service.

Strategic Highlights

•In May 2023, the Partnership completed the acquisition of Lotus Midstream Operations, LLC, and integration of operations is ongoing.

•In July 2023, Lake Charles LNG entered into three non-binding Heads of Agreements (“HOAs”) related to long-term LNG offtake for an aggregate of 3.6 million tonnes per annum.

Financial Highlights

•Energy Transfer expects its full-year 2023 Adjusted EBITDA to range between $13.1 billion and $13.4 billion, which is slightly tighter than the previous range ($13.05 billion to $13.45 billion) while keeping the midpoint the same.

•In July 2023, Energy Transfer announced a quarterly cash distribution of $0.31 per common unit ($1.24 annualized) for the quarter ended June 30, 2023.

•As of June 30, 2023, the Partnership’s revolving credit facility had an aggregate $2.36 billion of available borrowing capacity.

•For the three months ended June 30, 2023, the Partnership invested approximately $387 million on growth capital expenditures.

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Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than 30% of the Partnership’s consolidated Adjusted EBITDA for the three months ended June 30, 2023. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference Call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Wednesday, August 2, 2023 to discuss its second quarter 2023 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 41 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and approximately 34% of the outstanding common units of Sunoco LP (NYSE: SUN), and the general partner interests and approximately 47% of the outstanding common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, inde

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ENERGY TRANSFER REPORTS STRONG FIRST QUARTER 2023 RESULTS

AND UPDATES 2023 OUTLOOK

Dallas - May 2, 2023 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2023.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2023 of $1.11 billion. For the three months ended March 31, 2023, net income per common unit (basic and diluted) was $0.32 per unit.

Adjusted EBITDA for the three months ended March 31, 2023 was $3.43 billion compared to $3.34 billion for the three months ended March 31, 2022.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2023 was $2.01 billion compared to $2.08 billion for the three months ended March 31, 2022.

Growth capital expenditures in the first quarter of 2023 were $407 million while maintenance capital expenditures were $149 million.

2023 Outlook Update

•Given Energy Transfer’s acquisition of Lotus Midstream Operations, LLC, as well as continued increasing demand, the Partnership now expects Adjusted EBITDA for the full year 2023 to be between $13.05 billion and $13.45 billion (previously $12.9 billion to $13.3 billion). The Partnership expects its 2023 growth capital expenditures to be approximately $2.0 billion.

Operational Highlights

•During the first quarter of 2023, Energy Transfer’s assets continued to reach new milestones, with volumes increasing across all segments compared to the same period last year.

•NGL fractionation volumes were up 18%.

•NGL transportation volumes were up 13%, setting a new Partnership record.

•Midstream gathered volumes increased 14%, setting a new Partnership record.

•Intrastate natural gas transportation volumes were up 5%.

•Interstate natural gas transportation volumes were up 11%, setting a new Partnership record.

•Crude terminal volumes were up 6%.

•Energy Transfer exported record NGL volumes out of the Nederland Terminal and record ethane volumes out of the Marcus Hook Terminal in the first quarter.

•During the first quarter, Energy Transfer completed the optimization project on Oasis Pipeline, adding more than 60,000 Mcf/d of natural gas takeaway capacity out of the Permian Basin.

Strategic Highlights

•Today, the Partnership completed the acquisition of Lotus Midstream Operations, LLC for total consideration of $900 million in cash and approximately 44.5 million newly issued common units.

•The acquired assets add approximately 3,000 miles of crude oil gathering and transportation pipelines that extend from Southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma.

•Integration of operations and assets is now underway, including the construction of a 30-mile pipeline and terminal optimization project that is expected to enhance connectivity within the Permian Basin and provide a direct link between Midland and Cushing.

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Financial Highlights

•In April 2023, Energy Transfer announced a quarterly cash distribution of $0.3075 per common unit ($1.23 annualized) for the quarter ended March 31, 2023.

•Increased 2023 outlook for Adjusted EBITDA and capital investments to reflect addition of Lotus Midstream and growing strategic asset base.

•In the first quarter of 2023, the Partnership redeemed $2.15 billion aggregate principal amount of its senior notes. For the quarter, Energy Transfer reduced its long-term debt by approximately $1.0 billion.

•As of March 31, 2023, the Partnership’s revolving credit facility had an aggregate $3.01 billion of available borrowing capacity.

•For the three months ended March 31, 2023, the Partnership invested approximately $407 million on growth capital expenditures.

Energy Transfer benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than 30% of the Partnership’s consolidated Adjusted EBITDA for the three months ended March 31, 2023. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference Call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time/4:30 p.m. Eastern Time on Tuesday, May 2, 2023 to discuss its first quarter 2023 results and provide an update on the Partnership. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with approximately 120,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 41 states with assets in all of the major U

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ENERGY TRANSFER REPORTS STRONG FOURTH QUARTER 2022 RESULTS

AND ANNOUNCES 2023 OUTLOOK

Dallas - February 15, 2023 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2022.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2022 of $1.16 billion, an increase of $234 million compared to the same period last year. For the three months ended December 31, 2022, net income per common unit (basic) was $0.34 per unit.

Adjusted EBITDA for the three months ended December 31, 2022 was $3.44 billion compared to $2.81 billion for the same period last year.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2022 was $1.91 billion compared to $1.60 billion for the same period last year.

The improved results were primarily due to higher volumes across all of our core segments and the impacts of the acquisition of Enable Midstream.

Growth capital expenditures in 2022 were $1.93 billion while maintenance capital expenditures were $743 million.

2023 Outlook

•Energy Transfer expects its 2023 Adjusted EBITDA to range between $12.9 billion and $13.3 billion.

•For 2023, the Partnership expects its growth capital expenditures to range from $1.6 billion to $1.8 billion, which includes Fractionator VIII at Mont Belvieu, the Bear processing plant in the Permian Basin, compression and optimization projects on existing pipelines, new treating capacity in the Haynesville, additional gathering and compression buildout in the Permian, and improved efficiencies and emissions reduction work, as well as preliminary spending related to carbon capture projects. A significant amount of our 2023 growth capital will be spent on projects that are expected to be online and contributing cash flow before year-end. Maintenance capital expenditures for 2023 are expected to be between $725 million and $775 million.

Operational Highlights

•During the fourth quarter of 2022, Energy Transfer’s assets continued to reach new milestones, with volumes increasing across all segments compared to the same period last year.

◦NGL fractionation volumes were up 7% and set a new Partnership record. Single-day fractionation throughput at our Mont Belvieu fractionators reached more than one million barrels for the first time in the Partnership’s history.

◦NGL transportation volumes were up 5%, setting a new Partnership record.

◦Midstream throughput volumes increased 32%, setting a new Partnership record. Excluding the Enable and Woodford Express assets, legacy midstream volumes were up 8%.

◦Intrastate natural gas transportation volumes were up 13%.

◦Interstate natural gas transportation volumes were up 33%. Excluding the Enable assets, legacy interstate volumes were up 7% and reached a new record.

◦Crude transportation and terminal volumes were up 11% and 13%, respectively, driven primarily by higher volumes on our Texas pipeline systems, the impact of the Enable acquisition, and U.S. Strategic Petroleum Reserve releases.

•NGL exports at our Nederland terminal reached a new record in the fourth quarter.

•In December 2022, the Partnership placed the Gulf Run pipeline in service. The large diameter pipeline runs from the Haynesville Shale to the Carthage and Perryville natural gas hubs and to key markets along the Gulf Coast.

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•In December 2022, the Partnership placed the Grey Wolf processing plant in service. The 200 MMcf/d plant is located in the Delaware Basin.

•In the fourth quarter of 2022, the Partnership placed a new three million barrel storage cavern online at our Mont Belvieu storage facilities, increasing total underground NGL storage capacity at Mont Belvieu to approximately 60 million barrels.

•The Partnership recently completed modernization and de-bottlenecking work on the Oasis Pipeline, which added at least 60,000 Mcf/d of incremental natural gas takeaway capacity out of the Permian Basin.

Strategic Highlights

•In the fourth quarter of 2022, the Partnership released its Corporate Responsibility Report, which highlights Energy Transfer’s safety and risk management achievements, emissions reduction programs, and community engagement programs.

Financial Highlights

•In January 2023, Energy Transfer announced a quarterly cash distribution of $0.305 per common unit ($1.22 annualized) for the quarter ended December 31, 2022.

•In December 2022, the Partnership issued $1.0 billion aggregate principal amount of 5.55% senior notes and $1.5 billion aggregate principal amount of 5.75% senior notes and used the net proceeds to reduce borrowings outstanding under the Partnership’s revolving credit facility.

•For the full year 2022, Energy Transfer reduced its long-term debt by approximately $800 million.

•As of December 31, 2022, the Partnership’s revolving credit facility had an aggregate $4.1

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ENERGY TRANSFER REPORTS STRONG THIRD QUARTER 2022 RESULTS

AND RAISES 2022 OUTLOOK

Dallas - November 1, 2022 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2022.

Energy Transfer reported net income attributable to partners for the three months ended September 30, 2022 of $1.01 billion, a $371 million increase from the same period last year. For the three months ended September 30, 2022, net income per limited partner unit (basic and diluted) was $0.29 per unit.

Adjusted EBITDA for the three months ended September 30, 2022 was $3.09 billion compared to $2.58 billion for the three months ended September 30, 2021. In the third quarter 2022, the Partnership experienced a $126 million charge in the crude oil transportation and services segment related to a legal matter. In addition, Energy Transfer’s third quarter 2022 results were impacted by an approximately $130 million negative adjustment related to hedged inventory in the NGL and refined products transportation and services segment. These two items impacted third quarter 2022 Adjusted EBITDA by approximately $260 million in the aggregate.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2022 was $1.58 billion compared to $1.31 billion for the three months ended September 30, 2021.

The improved results were primarily due to higher volumes across all of our core segments and the impacts of the recent acquisition of Enable Midstream.

Key accomplishments and recent developments:

Operational

•Energy Transfer’s nation-wide system, with diverse products and services, is well-positioned throughout various markets. During the third quarter of 2022, each of Energy Transfer’s five core segments realized higher volumes compared with the same period in 2021.

◦Intrastate natural gas transportation volumes were up 28% and set a new Partnership record.

◦Interstate natural gas transportation volumes were up 43%.

◦Midstream gathered volumes were up 47% and set a new Partnership record.

◦NGL transportation volumes were up 5%.

◦NGL fractionation volumes were up 6% and set a new Partnership record.

◦Crude oil transportation and terminal volumes were up 10% and 14%, respectively.

•Energy Transfer’s Nederland terminal and related facilities serve as critical resources with access to the U.S. Strategic Petroleum Reserve (“SPR”). Higher SPR volumes and increased activity in the region drove transportation and terminal volumes at the Nederland and Houston terminals to new records during the third quarter.

•Mainline construction on the Gulf Run Pipeline was recently finished and the project remains on schedule to be completed by year-end.

Strategic

•Over 90 percent of Energy Transfer’s growth capital spending is comprised of projects that are already on-line or expected to be on-line and contributing cash flow at very attractive returns before the end of 2023. The project backlog includes Gulf Run Pipeline in Louisiana, Grey Wolf and Bear processing plants in the Permian Basin, Fractionator VIII in Mont Belvieu and LPG facilities projects at Energy Transfer’s Nederland Terminal.

•In September 2022, Energy Transfer completed the acquisition of Woodford Express, LLC, which owns a Mid-Continent gas gathering and processing system, for approximately $485 million. The system, which is located in the

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heart of the SCOOP play, has 450 MMcf per day of cryogenic gas processing and treating capacity and over 200 miles of gathering and transportation lines, which are connected to Energy Transfer’s pipeline network. The system is supported by dedicated acreage with long-term, predominantly fixed-fee contracts with active, proven producers.

•In August 2022, Energy Transfer announced a 20-year LNG Sale and Purchase Agreement (“SPA”) with Shell NA LNG LLC. To date in 2022, the Partnership has entered into six long-term LNG SPAs. Under these SPAs, Energy Transfer LNG Export, LLC is expected to supply a total of 7.9 million tonnes of LNG per annum, with terms ranging from 18 to 25 years.

•In August 2022, the Partnership completed the previously announced sale of its 51% interest in Energy Transfer Canada for cash proceeds to Energy Transfer of approximately $302 million. The sale reduced Energy Transfer’s consolidated debt by approximately $850 million, which includes the use of proceeds to pay down Energy Transfer’s revolving credit facility and the deconsolidation of Energy Transfer Canada’s debt.

Financial

•Energy Transfer’s base business continues to execute well with performance ahead of expectations, driven by continued strong demand across Energy Transfer’s network. As a result, the Partnership now expects Adjusted EBITDA for the full year 2022 to be between $12.8 billion and $13.0 billion (previously $12.6 billion to $12.8 billion). The Partnership continues to expect its

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ENERGY TRANSFER REPORTS STRONG SECOND QUARTER 2022 RESULTS

AND INCREASES 2022 FULL YEAR OUTLOOK

Dallas - August 3, 2022 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2022.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2022 of $1.33 billion, a $700 million increase from the same period last year. For the three months ended June 30, 2022, net income per limited partner unit (basic) was $0.40 per unit.

Adjusted EBITDA for the three months ended June 30, 2022 was $3.23 billion compared to $2.62 billion for the three months ended June 30, 2021.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2022 was $1.88 billion compared to $1.39 billion for the three months ended June 30, 2021.

For the second quarter 2022, Energy Transfer had higher transportation volumes across all of its segments and a full quarter contribution from the Enable Midstream assets that were acquired in December 2021.

Key accomplishments and recent developments:

Operational

•As a result of increasing demand for fractionation capacity, Energy Transfer recently resumed construction of its eighth fractionator at its Mont Belvieu, Texas facility. Frac VIII, which was more than half funded when construction was paused in 2020, is now expected to be in service in the third quarter of 2023 and will bring the Partnership’s total fractionation capacity at Mont Belvieu to over 1.1 million barrels per day.

•During the second quarter of 2022, Energy Transfer achieved record processing volumes in the Permian Basin. In support of this increased activity, the Partnership is currently constructing two new cryogenic processing plants:

◦The Grey Wolf and Bear plants will each have a design capacity of 200 MMcf per day and are expected to be in service by year-end 2022 and in the second quarter of 2023, respectively.

•During the second quarter of 2022, Energy Transfer also reported record NGL transportation and fractionation volumes.

•Energy Transfer recently completed a non-binding open season on its Gulf Run Pipeline Project. Customer discussions are ongoing, which will likely necessitate facilities beyond the initial design of 1.65 Bcf/d. The 42-inch pipeline is expected to be completed by year-end 2022 and will provide natural gas transmission between the prolific Haynesville Shale and the U.S. Gulf Coast.

•Energy Transfer’s Houston Terminal increased export crude oil volumes in the second quarter as a result of improved supply access via the new Ted Collins Link. This pipeline connection increases access to oil volumes from Energy Transfer’s Nederland Terminal and is expected to support future export volume growth.

Strategic

•In August 2022, Energy Transfer entered into an agreement to acquire Woodford Express, LLC, a Mid-Continent gas gathering and processing system, for approximately $485 million. The system, which is located in the heart of the SCOOP play, has 450 MMcf per day of cryogenic gas processing and treating capacity and over 200 miles of gathering and transportation lines, which are connected to Energy Transfer’s pipeline network. The system is supported by dedicated acreage with long-term, predominantly fixed-fee contracts with active, proven producers. The transaction is expected to close by the end of the third quarter, subject to regulatory review and other customary closing conditions, and to be immediately accretive to Distributable Cash Flow.

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•To date in 2022, the Partnership has entered into five long-term LNG Sale and Purchase Agreements (“SPAs”). Under these SPAs, Energy Transfer LNG Export, LLC is expected to supply a total of 5.8 million tonnes of LNG per annum, with first deliveries expected to commence as early as 2026 under SPA terms ranging from 18 to 25 years.

•Energy Transfer’s Nederland terminal and related facilities serve as critical resources with access to the nation’s Strategic Petroleum Reserve (“SPR”). As a result of increased activity in the region along with higher SPR volumes, the terminal set records for throughput during the second quarter.

Financial

•Given Energy Transfer’s strong performance in the second quarter of 2022, as well as continued increasing demand, the Partnership now expects Adjusted EBITDA for the full year 2022 to be between $12.6 billion and $12.8 billion (previously $12.2 billion to $12.6 billion). The Partnership continues to expect its 2022 growth capital expenditures to be between $1.8 billion and $2.1 billion.

•In July 2022, Energy Transfer announced a quarterly cash distribution of $0.23 per common unit ($0.92 annualized) for the quarter ended June 30, 2022. This distribution represents a more than 50% increase over the second quarter of 2021. Future increases to the distribution level will continue to be evaluated quarterly with

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ENERGY TRANSFER REPORTS STRONG FIRST QUARTER 2022 RESULTS AND INCREASES 2022 GUIDANCE

Dallas - May 4, 2022 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2022.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2022 of $1.27 billion. For the three months ended March 31, 2022, net income per limited partner unit (basic) was $0.38 per unit.

Adjusted EBITDA for the three months ended March 31, 2022 was $3.34 billion compared to $5.04 billion for the three months ended March 31, 2021. First quarter 2021 results were favorably impacted by earnings from the historic Winter Storm Uri. Excluding this contribution, Adjusted EBITDA would have increased over the prior period.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2022 was $2.08 billion compared to $3.91 billion for the three months ended March 31, 2021. The decrease from the prior period was primarily driven by the favorable impact on the first quarter 2021 Adjusted EBITDA from Winter Storm Uri discussed above.

For the first quarter 2022, Energy Transfer had higher transportation volumes across all of its segments and a full quarter contribution from the Enable Midstream assets that were acquired in December 2021.

Key accomplishments and recent developments:

Operational

•During the first quarter 2022:

◦Energy Transfer started construction on the new 200 MMcf per day Grey Wolf high-recovery cryogenic processing plant in response to increased customer demand for growing natural gas volumes in the Permian Basin.

◦Construction began on the Gulf Run Pipeline project. The 42-inch pipeline with 1.65 Bcf per day of capacity is expected to be completed by year-end and will provide natural gas transportation between the prolific Haynesville Shale Basin and the U.S. Gulf Coast.

◦Construction of the final phase of the Mariner East project was completed, bringing Energy Transfer’s total NGL capacity on the Mariner East pipeline system to more than 365,000 barrels per day, including ethane.

◦Energy Transfer completed capacity expansions on its Cushing South crude oil pipeline that provides transportation service from the Partnership’s Cushing Terminal to its Nederland Terminal, as well as on its Permian Bridge Project, which connects the Partnership’s gathering and processing assets in the Delaware and Midland Basins.

•In April 2022, Energy Transfer placed the Ted Collins Link into service providing additional connectivity for its Houston Terminal to the U.S. Gulf Coast pipeline network and the Houston Ship Channel. Energy Transfer completed its inaugural shipment of oil from its Houston Terminal for export utilizing this system in April.

Strategic

•In March 2022, the Partnership announced a definitive agreement to sell its 51% interest in Energy Transfer Canada. The sale is expected to result in cash proceeds to Energy Transfer of approximately $272 million (based on the March 31, 2022 exchange rate), subject to certain purchase price adjustments, and to reduce the Partnership’s consolidated debt by approximately $450 million. The transaction is expected to close by the third quarter of 2022.

•To date in 2022, the Partnership has entered into four long-term LNG Sale and Purchase Agreements (“SPAs”). Under these SPAs, Energy Transfer LNG Export, LLC is expected to supply a total of 4.7 million tonnes of LNG per annum over 20 years, plus another 0.4 million tonnes per annum over 18 years, with first deliveries expected to commence as early as 2026. The execution of these SPAs represents a significant step in moving the Lake Charles LNG export project towards a positive final investment decision.

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•The Partnership continues to pursue a natural gas pipeline project from the Permian Basin to address the growing need for additional natural gas takeaway from the region. The project would include the construction of a new intrastate pipeline paralleling existing right of way from the Midland Basin to interconnnect with Energy Transfer’s extensive pipeline network south of Dallas/Ft. Worth, Texas. From that point, Energy Transfer’s vast pipeline systems provide significant flexibility to deliver natural gas to premier markets along the Texas Gulf Coast including Katy, Beaumont, and the Houston Ship Channel, as well as to Carthage, with potential deliveries to most major U.S. trading hubs and markets.

•During the first quarter 2022, Energy Transfer continued integration of the recently acquired Enable Midstream Partners (the “Enable Acquisition”) business with the majority of back office integration now complete. This early step, along with further improved efficiencies, is expected to generate run-rate cost savings of more than $100 million per year.

Financial

•In April 2022, Energy Transfer announced a more than 30% increas

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ENERGY TRANSFER REPORTS FOURTH QUARTER 2021 RESULTS

Dallas - February 16, 2022 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2021.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2021 of $921 million, an increase of $412 million compared to the same period last year. For the three months ended December 31, 2021, net income per limited partner unit (basic and diluted) was $0.29 per unit.

Adjusted EBITDA for the three months ended December 31, 2021 was $2.81 billion compared to $2.59 billion for the same period last year. The improved results were primarily driven by increased NGL transportation and export volumes, higher realized commodity prices, and the Enable acquisition. Energy Transfer’s NGL business also had record transportation and fractionation volumes in the fourth quarter.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2021 was $1.60 billion compared to $1.36 billion for the same period last year.

Growth capital expenditures in 2021 were $1.40 billion, which was $200 million less than expected due to project deferrals into 2022. Maintenance capital expenditures were $522 million. Looking ahead, Energy Transfer is updating its 2022 growth and maintenance capital expenditures outlook as a result of the recently closed Enable acquisition and rapidly growing demand for midstream infrastructure. The Partnership expects its 2022 growth capital expenditures to range from $1.6 billion to $1.9 billion, which includes the addition of several new capital projects expected to be completed by year end. Maintenance capital expenditures are expected to range between $615 million and $665 million for 2022. Energy Transfer is also providing an outlook for 2022 Adjusted EBITDA which is expected to range between $11.8 billion and $12.2 billion.

Key accomplishments and recent developments:

Operational

•In February 2022, construction of the final phase of the Mariner East project was completed and commissioning is in progress. Energy Transfer’s Mariner East franchise will now include multiple pipelines across Pennsylvania connecting the prolific Marcellus/Utica Basins in the west to markets throughout the state and the broader region, including Energy Transfer’s Marcus Hook terminal on the east coast.

•During the first quarter 2022, construction began on the Gulf Run Pipeline project. The 42-inch pipeline with 1.65 Bcf/d of capacity is expected to be completed by year-end and will provide natural gas transportation between the Haynesville Shale Basin and the gulf coast.

•During the fourth quarter 2021, Phase II of the Cushing South Pipeline project was launched and is expected to nearly double the project’s oil pipeline capacity to 120,000 barrels per day. This project primarily utilizes existing facilities to provide additional connectivity across Energy Transfer’s mid-continent and gulf coast crude oil network.

•In October 2021, Energy Transfer brought online a three million barrel high-rate storage well at its Mont Belvieu facility, which now includes 24 wells with NGL storage capacity of approximately 53 million barrels.

•In the fourth quarter of 2021, Energy Transfer reached its highest ever volume of NGL transportation and fractionation.

•In October 2021, Energy Transfer completed its Permian Bridge project, providing increased connectivity and efficiency between the Partnership’s natural gas gathering and processing assets in the Delaware Basin and its assets in the Midland Basin.

Strategic

•Energy Transfer is evaluating a new Permian Basin natural gas takeaway project that would utilize existing Partnership assets and a new pipeline to connect Permian supply to markets along the gulf coast, including the Houston Ship Channel, Katy, Carthage, and Henry Hub.

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•In December 2021, Energy Transfer successfully closed the Enable Midstream Partners, LP (“Enable”) acquisition and integration of combined operations is ongoing. The merger is expected to generate annual run-rate cost efficiencies in excess of $100 million.

•In December 2021, subsequent to the Enable acquisition, the Partnership and its affiliates purchased more than 20 million Energy Transfer common units in connection with a secondary offering executed by one of Enable’s prior sponsors.

•In the fourth quarter of 2021, the Partnership released its Corporate Responsibility Report, which highlights Energy Transfer’s business achievements and safety and risk management and emissions reduction programs.

Financial

•In January 2022, Energy Transfer announced a 15% increase in its quarterly distribution on common units. For the quarter ended December 31, 2021, Energy Transfer will pay a quarterly distribution of $0.175 per common unit ($0.70 annualized). Future increases to the

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ENERGY TRANSFER REPORTS THIRD QUARTER 2021 RESULTS

Dallas - November 3, 2021 - Energy Transfer LP (NYSE:ET) (“ET” or the “Partnership”) today reported financial results for the quarter ended September 30, 2021.

ET reported net income attributable to partners for the three months ended September 30, 2021 of $635 million, an increase of $1.29 billion compared to the same period the previous year. For the three months ended September 30, 2021, net income per limited partner unit (basic and diluted) was $0.20 per unit.

Adjusted EBITDA for the three months ended September 30, 2021 was $2.58 billion compared to $2.87 billion for the three months ended September 30, 2020. The third quarter of 2020 benefited from approximately $300 million of one-time items and gains from optimization activities that did not re-occur in the current period.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended September 30, 2021 was $1.31 billion compared to $1.69 billion for the three months ended September 30, 2020. The decrease was primarily driven by the decrease in Adjusted EBITDA discussed above.

Key accomplishments and current developments:

Operational

•In the third quarter of 2021, ET reached a new record for NGL transportation and fractionation volumes, as well as for NGL and refined product terminal volumes.

•ET recently completed its Permian Bridge project, which provides increased connectivity and efficiency between ET’s natural gas gathering and processing assets in the Delaware Basin and its assets in the Midland Basin.

•ET has also commissioned the next phase of the Mariner East Pipeline Project (ME2X).

Strategic

•In September 2021, ET’s patented Dual Drive Technologies natural gas compression system received a GPA Midstream Environmental Excellence Award for its impact on reducing CO2 emissions.

•In September 2021, ET entered into its second major solar energy power purchase arrangement. The agreement is for 120 megawatts of electricity from the Eiffel Solar project in Northeast Texas.

•During the third quarter, ET signed a memorandum of understanding with the Republic of Panama to study the feasibility of a proposed Trans-Panama Gateway LPG pipeline and is reviewing the potential creation of a new strategically located NGL hub in Panama.

•ET and Enable Midstream Partners, LP continue to work toward obtaining Hart-Scott-Rodino Act clearance for their previously announced merger. ET continues to expect the transaction to close in the fourth quarter of 2021.

Financial

•During the third quarter of 2021, the Partnership reduced outstanding debt by approximately $800 million, utilizing cash from operations. Year-to-date in 2021, ET has reduced its long-term debt by approximately $6.0 billion.

•As of September 30, 2021, the Partnership’s $6.00 billion revolving credit facilities had an aggregate $5.37 billion of available capacity, and the leverage ratio, as defined by the credit agreement, was 3.15x.

•For the three months ended September 30, 2021, the Partnership invested approximately $362 million on growth capital expenditures.

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•In October 2021, ET announced a quarterly distribution of $0.1525 per unit ($0.61 annualized) on ET common units for the quarter ended September 30, 2021.

•For full year of 2021, ET expects its adjusted EBITDA to be $12.9 billion to $13.3 billion and its growth capital expenditures to be approximately $1.6 billion.

ET benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than 30% of the Partnership’s consolidated Adjusted EBITDA for the three months ended September 30, 2021. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference Call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time, Wednesday, November 3, 2021 to discuss its third quarter 2021 results and provide a partnership update. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the in