ETP-D Energy Transfer Operating LP

364-Day Credit Agreement Amendment

On November 18, 2020, Energy Transfer Operating, L.P., a Delaware limited partnership (the “Partnership”), entered into Amendment No. 3 to 364-Day Credit Agreement and Extension Agreement (the “Amendment”) with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”), pursuant to which the lenders thereto severally agreed to (a) extend the maturity date of the Partnership’s existing 364-day revolving credit facility provided pursuant to the 364-Day Credit Agreement, dated as of December 1, 2017 (as amended by that certain Amendment No. 1 to 364-Credit Agreement, Joinder and Extension Agreement, dated as of October 19, 2018, that certain Amendment No. 2 to 364-Day Credit Agreement and Extension Agreement, dated as of November 19, 2019, and as further amended, supplemented and modified, the “Credit Agreement”), by and among the Partnership, the several banks and other financial institutions party thereto and the Administrative Agent, for an additional 364 days to November 26, 2021, with such extension to become effective on November 27, 2020, and (b) amend certain other provisions of the Credit Agreement as more specifically set forth in the Amendment.

The disclosure contained in this Item 1.01 does not purport to be a complete description of the Amendment and is qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.