Energy Transfer LP Announces Pricing of $2.7 Billion of Senior Notes

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (Texas Stock Exchange, TXSE: ET) today announced the pricing of its offering of $900 million aggregate principal amount of 5.450% senior notes due 2032, $900 million aggregate principal amount of 5.900% senior notes due 2037 and $900 million aggregate principal amount of 6.550% senior notes due 2057 (together, the “senior notes”) at prices to the public of 99.972%, 99.719% and 99.862%, respectively, of their face value.

The sale of the senior notes is expected to settle on November 20, 2026, subject to the satisfaction of customary closing conditions. Energy Transfer intends to use the net proceeds of approximately $2.68 billion (before offering expenses) to refinance existing indebtedness, including to repay commercial paper and borrowings under its revolving credit facility, and for general partnership purposes.

Barclays, Deutsche Bank Securities, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities are acting as joint book-running managers for the senior notes offering.

The offering of the senior notes is being made pursuant to an effective shelf registration statement and prospectus filed by Energy Transfer with the Securities and Exchange Commission (“SEC”). The offering of the senior notes may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, copies of which may be obtained from the following addresses:

Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Toll-free: 1-888-603-5847 E-mail: [e-mail]     Deutsche Bank Securities Inc. 1 Columbus Circle, 9^th Floor New York, New York 10019 Attention: Debt Capital Markets Syndicate With a copy to Attention: General Counsel Toll-free: 1-800-503-4611 E-mail: [e-mail]     Morgan Stanley & Co. LLC 1585 Broadway, 19^th Floor New York, New York 10036 Attention: Investment Banking Division Toll-free: 1-866-718-1649

RBC Capital Markets, LLC Brookfield Place 200 Vesey Street, 8^th Floor New York, New York 10281 Attention: DCM Transaction Management Toll-free: [phone] E-mail: [e-mail]     Wells Fargo Securities, LLC 608 2^nd Avenue South, Suite 1000 Minneapolis, MN 55402 Attention: WFS Customer Service Toll-free: 1-800-645-3751 E-mail: [e-mail]

You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Energy Transfer LP (TXSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with approximately 140,000 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 the general partner interests, the incentive distribution rights and approximately 28 million common units (representing 15% of the aggregate outstanding common units and Class D units) of Sunoco LP (TXSE: SUN), the managing member interests in SunocoCorp LLC (TXSE: SUNC), and the general partner interests and approximately 46 million common units (representing 32% of the outstanding common units) of USA Compression Partners, LP (TXSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.

Forward-Looking Statements

Statements about the offering may be forward-looking statements. Forward-looking statements can be identified by words such as “anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,” “will” and other similar expressions. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of Energy Transfer, and a variety of risks that could cause results to differ materially from those expected by management of Energy Transfer. Important information about issues that could cause actual results to differ materially from those expected by management of Energy Transfer can be found in Energy Transfer’s public periodic filings with the SEC, including its Annual Report on Form 10-K. Energy Transfer undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.