Whats New Q3 2024 Net Income Q3 2024 Adjusted EBITDA 2024 Adjusted EBITDA Guidance Attributable to the Partners 1.18 3.96 15.3-15.5 BILLION BILLION BILLION Up 103% vs Q3 2023 Up 12% vs Q3 2023 Midpoint up 12% vs FY 2023…
Why Energy Transfer Valuation Opportunity Significantly Improved Financial Position (LTM EV/EBITDA,) 16 Sr. Unsecured debt rating recently upgraded by S&P and Fitch to 14 BBB with stable outlook, and Moodys to Baa2 12 10 Pro…
Positioned to Deliver on Key Themes in 2024 Disciplined Growth Strong Returns Organic expansion projects Current Yield 6.5% Franchise positioned as a natural industry consolidator via strategic M&A Distribution Growth 3-5%…
Nationwide Footprint Asset Overview Natural Gas Natural Gas Liquids (NGLs) Crude Refined Products Storage Mont Belvieu NGL Complex Terminals Processing Major Terminals Marcus Hook Terminal Houston Terminal Lake Charles…
Providing Services from Wellhead to Water 130,000+ Miles of Pipeline Gather 21.0 million MMBtu/d of gas and 890,000 Bbls/d of NGLs produced Transport 29.8 million MMBtu/d of natural gas via inter and intrastate pipelines…
Leading Natural Gas Pipeline Footprint Well Positioned to Meet Growing Electricity Demand Energy Transfer is pursuing opportunities to serve growing power loads from new Gas-fired power demand centers across its pipeline network plants…
Track Record of Efficient Consolidation Closed December 2021 Closed September 2022 Closed May 2023 Closed November 2023 Closed July 2024 Assets complementary to Assets extended ETs gas Assets complementary to Assets enhanced NGL &…
Outlook Supported by Strong Core Business 2024E Adjusted EBITDA 15.3- 15.5 billion Balancing M&A and Organic Growth 2024E Adjusted EBITDA Breakout Q3 2024 Adjusted EBITDA by Segment Adjusted EBITDA Commodity ( in Billions)…
Long-Term Capital Allocation Strategy Illustrative Based on 8.5B Distributable Cash Flow Discretionary cash flow for debt paydown and unit buybacks of 0.5-1.5B 0.5-1.5B Growth capital of 2.5-3.5B Distributions to LP common…
Disciplined Growth Targeting Strong Investment Returns 2024E Growth Capital: 2.8 - 3.0 billion Nederland NGL expansion % of 2024E Nederland storage tank expansion Lone Star Express and Gateway NGL Pipeline projects Mont Belvieu…
Growth Project Updates Project Name Project Overview Status Constructing 30 miles of pipe to add a direct connection from Midland to ETs pipeline from the Permian Basin to Cushing; expected to In Service Midland to Cushing Pipe…
NGL Pipeline & Fractionation Continuing to Expand Leading Asset Base Lone Star Express Upgrades Mont Belvieu Fractionation Expansions Pump and filter upgrades along the pipeline that are expected to provide Total of 8 fractionators…
Comprehensive Permian Gas Takeaway Solutions Flexibility to Provide Natural Gas Delivery to Most Market Hubs Waha Header Hugh Brinson Pipeline Project Energy Transfers Waha header connects to more than 10 different natural gas…
Extensive Natural Gas Pipeline Network 40% of Adjusted EBITDA comes from Natural Gas driven segments Over 105,000 miles of natural gas gathering, and interstate and intrastate transportation pipelines More than 55 Bcf/d of…
Hugh Brinson Pipeline Project Serving Premier Markets and Supporting Data Center and AI Growth Hugh Brinson Pipeline Project: Phase 1 Includes the construction of 400 miles of 42 pipeline from Waha and the Midland Basin to Maypearl,…
Gulf Run Pipeline Providing An Efficient Gulf Coast Connection Gulf Run Pipeline Unparalleled access to prolific natural gas producing regions in the U.S. Perryville with ability to deliver Haynesville-area gas to Gulf Coast…
Capturing Share in Rapidly Growing NGL Business NGL & Refined Products Adjusted EBITDA Energy Transfer NGL Exports 4,500 1,000 4,000 900 3,500 800 700 3,000 in millions 600 MBbls/d 2,500 500 2,000 400 1,500 300…
Expanding World-Class NGL Export Facilities Marcus Hook Terminal Marcus Hook Terminal Construction continues on the first phase of an optimization project Total NGL Export Capacity Houston Terminal 1.1mm Bbls/d Nederland…
Permian Basin Processing Expanding to Meet Growing Demand Permian Basin Footprint Extensive Permian Basin Footprint: Currently have 3.4 Bcf/d of processing capacity in the Permian Basin Have significant acreage dedications to ET…
Significant Management Ownership Leadership Support Insider Ownership vs Peers Ownership Breakout 12% Energy Transfer insiders and independent board members purchased Insiders more than 44 million units, totaling 10% 10% 468…
Leveraging asset base and expertise to develop projects to reduce environmental footprint Constructing 8, 10- Power Generation MW natural gas-fired Construction underway on 8 natural gas-fired electric generation facilities to support…
Fostering A Culture of Environmental and Social Responsibility EH&S Social Responsibility Corporate Governance Safety First, Safety Always 2023 Charitable Contributions Culture of Honesty, Trust and 6mm Respect Committed to…
Appendix
Crude Oil Segment 14,500 miles of crude oil trunk and gathering lines Crude Oil Pipelines 1 million barrels per day of Permian crude oil takeaway capacity Directly connected to 6.8 MMbbls/d (37%) of domestic refining capacity 1.85…
Natural Gas Liquids (NGLs) & Refined Products Segment Fractionation 8 Mont Belvieu fractionators (over 1.15 MMBbls/d) 165,000 Bbls/d Frac IX expected to go into service in Q426 35,000 Bbls/d Geismar Frac NGL Storage Total NGL…
World-Class Export Capabilities Uniquely Positioned to Serve Global Demand Houston Terminal Marcus Hook Terminal 330 acres on Houston Ship Channel 18.2 million Bbls of crude and heated product storage 850,000 Bbls/d of crude export…
Midstream Segment Midstream Highlights Extensive Gathering and Processing Footprint Assets in most of the major U.S. producing basins Processing Capacity Additions Recently completed upgrades at Jackson Plant in south Texas that…
Interstate Natural Gas Pipeline Segment Interstate Highlights ETs interstate pipelines provide: Stability Approximately 95% of revenue derived from fixed reservation fees Diversity Asset Overview Access to multiple shale plays,…
Intrastate Natural Gas Pipeline Segment 12,200 miles of intrastate pipelines with 24 Bcf/d of throughput capacity, Intrastate Highlights and 88 Bcf/d of working storage capacity Well-positioned to capture additional revenues from…
Non-GAAP Reconciliations 32
Non-GAAP Reconciliation Energy Transfer LP Reconciliation of Non-GAAP Measures * 2019 2020 2021 2022 2023 2024 Full Year Full Year Full Year Full Year Full Year Q1 Q2 Q3 YTD Net income 4,825 140 6,687 5,868 5,294 1,692 1,992…
Non-GAAP Reconciliation Definitions (a) Adjusted EBITDA and Distributable Cash Flow are non-GAAP financial measures used by industry analysts, investors, lenders and rating agencies to assess the financial performance and the operating…
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