Energy Transfer (ET) Announces Secondary 38.76M Unit Offering

Energy Transfer LP (NYSE: ET) today announced the commencement of an underwritten secondary public offering of an aggregate of 38,755,996 of its common units representing limited partner interests (the “common units”), by WTG Midstream LLC and an affiliate of Stonepeak (the “Selling Unitholders”). The Selling Unitholders will receive all proceeds from the offering.

Energy Transfer will not sell any common units in the offering and will not receive any proceeds therefrom.

Barclays is serving as the underwriter for 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, or as to the actual size or terms of the offering.

The proposed offering will be made pursuant to a registration statement previously filed by the Partnership with the U.S. Securities and Exchange Commission (the “SEC”) that was declared effective on July 31, 2024.

The proposed offering will be made only by means of a prospectus and prospectus supplement that meet the requirements under the Securities Act of 1933, as amended (the “Securities Act”). Copies of the preliminary prospectus supplement and accompanying base prospectus and final prospectus supplement, when available, may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at [email protected]; or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy common units or any other securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.

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