Energy Transfer (ET) Announces 86.9M Unit Secondary Offering

Energy Transfer LP (NYSE: ET) announced today the commencement of an underwritten secondary public offering of 86,956,522 common units representing limited partner interests in ET by CenterPoint Midstream Energy, Inc., a subsidiary of CenterPoint Energy, Inc.. The Selling Unitholder intends to grant Citigroup, J.P. Morgan and Morgan Stanley, as representatives of the underwriters, a 30-day option to purchase 13,043,478 additional common units from the Selling Unitholder. ET is not selling any common units in the offering and will not receive any proceeds from the sale of common units in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Citigroup, J.P. Morgan and Morgan Stanley are acting as the joint book-running managers for the offering. The offering will be made only by means of the prospectus supplement and accompanying base prospectus, which is part of a shelf registration statement that became effective on June 1, 2021, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at [email protected]; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. An electronic copy of the prospectus supplement and accompanying base prospectus is available from the U.S. Securities and Exchange Commission’s website at www.sec.gov.

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

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