Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses

Energy Transfer·Business Segments·9 segments

Breakdown

Segment	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Midstream	$421M	$416M	$459M	$488M	$446M
Investment in Sunoco LP	$158M	$162M	$180M	$373M	$381M
NGL and refined products transportation and services	$247M	$230M	$294M	$295M	$298M
Crude oil transportation and services	$213M	$237M	$243M	$234M	$223M
Interstate transportation and storage	$189M	$221M	$271M	$206M	$215M
Investment In USAC	$43M	$47M	$43M	$47M	$89M
Intrastate transportation and storage	$57M	$61M	$72M	$67M	$65M
All other	$1M	$0	$17M	—	$7M
Corporate Segment and Other Operating Segment	$8M	$8M	$8M	$8M	—
Total	$57M	$61M	$72M	$67M	$65M

Corporate Segment and Other Operating Segment is derived from annual filings.

Intrastate transportation and storageView metric

Interstate transportation and storageView metric

NGL and refined products transportation and servicesView metric

Crude oil transportation and servicesView metric

Investment in Sunoco LPView metric

Investment In USACView metric

Corporate Segment and Other Operating SegmentView metric