| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation to analysts and/or investors at meetings to be held throughout May 2022. At the meetings, members of management may make statements about future events, outlook and expectations related to Panhandle Eastern Pipe Line Company, LP (PEPL), Sunoco LP (SUN), USA Compression Partners, LP (USAC), and ET ( ...

Energy Transfer LP (NYSE:ET) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Tom Long - Co-CEO Thomas Mason - Executive VP, General Counsel and President Marshall McCrea - Co-CEO and Director of LE GP, LLC Kevin Smith - EVP Conference Call Participants Jean Salisbury - Sanford C. Bernstein Jeremy Tonet - JPMorgan Brian Reynolds - UBS Investment Praneet Satish - Wells Fargo Spiro Dounis - Crédit Suisse Michael Lapides - Goldman Sachs Keith Stanley - Wolfe Research Colton Bean - T ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) Delaware 30-0108820 (State or other jurisdiction of incorporation or organiza ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 2021 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) Delaware 30-0108820 (State or other jurisdiction of incorporation or organization) ...

| --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | ENERGY ๑๑ TRANSFER Moving America's Energy Q4 2021 Earnings | | | | | | | | | February 16, 2022 | | | | | | | | Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation in conjunction with ET's 4th quarter 2021 earnings conference call. On the c ...

Financial Data and Key Metrics Changes - For the full year 2021, adjusted EBITDA was $13 billion, a significant increase from 2020, and in line with expectations [6] - DCF attributable to partners was $8.2 billion, resulting in excess cash flow after distributions of approximately $6.4 billion [6] - For Q4 2021, consolidated adjusted EBITDA was $2.8 billion compared to $2.6 billion for Q4 2020, and DCF attributable to partners was $1.6 billion compared to $1.4 billion for the same period last year [34] Business Line Data and Key Metrics Changes - NGL and refined products segment adjusted EBITDA was $739 million, up from $703 million year-over-year, driven by higher transportation and terminal services margins [38] - Crude oil segment adjusted EBITDA was $533 million, compared to $517 million for the same period last year, due to higher transportation volumes [40] - Midstream segment adjusted EBITDA increased to $547 million from $390 million year-over-year, benefiting from favorable NGL and natural gas prices [41] - Intrastate segment adjusted EBITDA was $274 million, up from $233 million, primarily due to increased firm transportation volumes [45] Market Data and Key Metrics Changes - NGL transportation volumes reached a record 1.9 million barrels per day, compared to 1.4 million barrels per day for the same period last year [39] - The percentage of worldwide NGL exports has doubled over the last two years, capturing nearly 20% of the world market [18] Company Strategy and Development Direction - The company completed the acquisition of Enable Midstream Partners, which is expected to generate over $100 million in annual run rate cost savings synergies [10] - The company is focusing on expanding its alternative energy initiatives, including carbon capture projects and renewable energy developments [30][32] - Future increases to the distribution level will be evaluated quarterly, with a goal of returning to the previous level of $1.22 annually [36][102] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational reliability during extreme weather conditions, noting that recent winter weather was less severe than previous years [12] - The company anticipates continued strong performance in 2022, with adjusted EBITDA guidance of $11.8 billion to $12.2 billion [46] - Management highlighted the importance of financial flexibility and plans to pay down debt while investing in growth opportunities [50][53] Other Important Information - The company announced a quarterly cash distribution of $0.175 per common unit, representing a 15% increase over the previous quarter [7][36] - Total available liquidity under the revolving credit facility was slightly over $2 billion as of December 31, 2021 [49] Q&A Session Summary Question: Interest in long-term contracts for natural gas takeaway from the Permian - Management noted strong interest from customers for the new pipeline project, emphasizing the advantages of their system over competitors [56][58] Question: Capacity expectations for the new natural gas pipeline - Management anticipates a target capacity of 1.5 to 2 Bcf of new takeaway capacity after reaching FID [64] Question: CapEx guidance and Enable integration - Management provided insights on the CapEx split, indicating a significant portion is earmarked for midstream projects, including Gulf Run [71] Question: Haynesville capacity and Gulf Run expansion - Management confirmed ongoing negotiations for additional capacity and highlighted the growth potential in the Haynesville region [82][84] Question: Distribution recovery timeline - Management emphasized the importance of balancing distribution growth with capital projects and debt paydown [102]

| --- | --- | --- | --- | --- | --- | |------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Moving America's Energy Since 1996 | | | | | | | Q3 2021 Earnings | | | | | | | November 3, 2021 | | | | | | Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation in conjunction with ET's 3rd quarter 2021 earnings conference call. On the call, members of management may make s ...

Energy Transfer LP (NYSE:ET) Q3 2021 Results Conference Call November 3, 2021 4:30 PM ET Company Participants Tom Long - Co-CEO Mackie McCrea - Co-CEO Conference Call Participants Shneur Gershuni - UBS Chase Mulvehill - Bank of America Jean Salisbury - Bernstein Keith Stanley - Wolfe Research Jeremy Tonet - JPMorgan Colton Bean - Tudor, Pickering, Holt Michael Blum - Wells Fargo Pearce Hammond - Piper Sandler Christine Cho - Barclays Michael Lapides - Goldman Sachs Operator Good afternoon, ladies and gentle ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) Delaware 30-0108820 (State or other jurisdiction of incorporation or orga ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) Delaware 30-0108820 (State or other jurisdiction of incorporation or organizat ...