Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 1, 2026, Marshall S. ("Mackie") McCrea, III, Co-Chief Executive Officer of Energy Transfer LP (the "Partnership"), notified the Partnership of his intention to retire, effective on or before December 31, 2026. Until his retirement date, Mr. McCrea will continue in his current role as Co-Chief Executive Officer and as a member of the Partnership's Board of Directors. After his retirement, Mr. McCrea will continue to serve on the Board of Directors.

Upon Mr. McCrea's retirement, Thomas E. Long, the Partnership's Co-Chief Executive Officer, will assume the role of sole Chief Executive Officer.

In making his decision, Mr. McCrea noted his intention to pursue certain personal objectives and spend more time with his family. Mr. McCrea also chose this time to transition into retirement believing that the Partnership is well positioned as a business and has talented individuals who can continue executing on key projects and objectives.

In recognition of Mr. McCrea's status as one of the original leaders of the Partnership, and his numerous contributions over his many years of service, including being an architect of not only the Partnership's commercial and strategic vision but also its outstanding culture, the Compensation Committee of the Board has approved the acceleration of Mr. McCrea's outstanding equity incentive awards, as described in more detail below.