Energy Transfer Announces Secondary Public Offering of Common Units

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Dec 07, 2021

Energy Transfer LP (NYSE: ET) (“ET”) announced today the commencement of an underwritten secondary public offering of 86,956,522 common units representing limited partner interests in ET (“common units”) by CenterPoint Midstream Energy, Inc. (the “Selling Unitholder”), a subsidiary of CenterPoint Energy, Inc. (NYSE: CNP). 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.