Investor Presentation

March 2015

Disclaimers

2

This presentation contains forward-looking statements. These statements discuss future expectations, contain projections of results of operations or of financial condition or state other forward-looking information. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including examination of historical operating trends made by the management of JP Energy Partners LP (the “Partnership” or “JPE”). Although the Partnership believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies, which are difficult or impossible to predict and are beyond its control, the Partnership cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. These forward-looking statements involve risks and uncertainties. When considering these forward- looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by the Partnership with the Securities and Exchange Commission (the “SEC”), copies of which are available to the public. The risk factors and other factors noted in the Partnership’s filings with the SEC could cause the Partnership’s actual results to differ materially from those contained in any forward-looking statement. The Partnership expressly disclaims any intention or obligation to revise or publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Forward Looking Statements

Non-GAAP Measures

This document includes certain non-GAAP financial measures as defined under SEC Regulation G. A reconciliation of those measures to most directly comparable GAAPmeasures is provided in the appendix to this presentation.

Adjusted EBITDA is defined as net income (loss) plus (minus) interest expense (income), income tax expense (benefit), depreciation and amortization expense, assetimpairments, (gains) losses on asset sales, certain non-cash charges such as non-cash compensation and non-cash vacation expense, non-cash (gains) losses on commodityderivative contracts (total (gain) loss on commodity derivatives less net cash flow associated with commodity derivatives settled during the period) and selected (gains)charges and transaction costs that are unusual or non-recurring and other selected items that impact comparability.

JP Energy Partners LP (JPEP) Overview

3

• NYSE Listed: JPEP

• Formed in May 2010; IPO in October 2014

• JPEP is a publicly traded, diversified master

limited partnership with operations including:

• Crude Oil Pipelines and Storage

• Refined Products Terminals and Storage

• NGL Distribution and Sales

• Crude Oil Supply and Logistics

• JPEP Trading Summary (1)

• Unit Price: $14.53

• Units Outstanding: 36.4mm

• Market Cap: $529mm

• Current Yield: 8.9%

___________________________1. As of February 27, 2015 close. Assumes $1.30 annual distribution.

Well Positioned for 2015 and Beyond

4

Solid Position in Active Basins Fully Integrated Solution Solid Financial Position

• Network of midstream

assets in core of Midland

Basin

• Eagle Ford position

capitalizes on strong

fundamentals, drilling

activity

• Mississippian Lime,

Granite Wash provide

drop-down potential

• Manage physical

movement of petroleum

products from

origination to

destination

• Four complimentary

business segments

connecting upstream to

downstream

• Natural hedge to

seasonality and

commodity price

changes

• Large percentage of fee-

based business

• Low commodity price

sensitivity

• Strong balance sheet

• Strong sponsor with

drop-down opportunities

Enables Long-Term Growth

• Initiate drop-downs

• Execute on backlog of

organic growth

opportunities

• Pursue potential

acquisitions

• Execute pipeline

expansions

Business Diversification

Cylinder Exchange (National)

Geographically Diversified Midstream Platform

6

Crude Oil Pipelines and Storage

Crude Oil Supply and Logistics

Refined Products Terminals and Storage

NGL Sales, NGL Transportation

Diversified Offering From Upstream to Downstream

Integrated logistics solutions from the wellhead to the end-user

Crude Oil

Producers Refiners

Truck

Pipeline Gathering

Injection Station Pipeline Terminal/Storage/Exchange Location

Pipeline

Refined ProductsNatural Gas LiquidsRefineries

OFS and Agriculture

Gas Stations

Barge

Common Carrier Pipelines

Tanker

Storage

Rail

Diluent for Heavy Crude

Producers

Refinery Produced LPG

Spec Products

Retail Distributor

Storage

7

8

Growing, Fee-Based Cash Flows with High Quality Customer Base

Refined Products Terminals and Storage

– Fixed fees for throughput and storage

– Fixed fees for blending services, injection of additives and ancillary

services, including product handling and transfer services

– Rollup strategy and optimization

NGL Distribution and Sales

– Recent acquisition of NGL truck services from JP Development with

fixed fees based on distance and volume transported

Crude Oil Pipelines and Storage

– Fixed storage and throughput or minimum volume commitment

fees

– Growing volumes in the Southern Wolfcamp from existing

contracted producers with long-term fee-based commitments

– Pursuing additional customer acreage and MVC within JP Energy’s

capture area

– Expansion of Silver Dollar Pipeline

Crude Oil Supply and Logistics

– Crude oil trucking and “fee equivalent” lease gathering

Focu

sed

on

Gro

win

g Fe

e-b

ased

Cas

h F

low

s NGL Distribution

and Sales

Refined Products Terminals

and Storage

Crude Oil Pipelines &

Storage

2014 Adjusted EBITDA Mix

NGL Distribution and Sales

28%

Refined Products Terminals and

Storage19%

Crude Oil Pipeline and Storage

36%

Crude Oil Supply and Logistics

17%

Refined Products Terminals and Storage Growth

• Storage capacity of approximately 770,000 barrels from 10 tanks

• Primarily supplied by the Explorer Pipeline

• We own approximately six acres which can be used for future expansion (~200,000 barrels additional storage capacity)

• Average throughput of ~19,500 barrels per day (1)

Caddo Mills, Texas (Dallas) Terminals in Large Metropolitan Areas

9

• Storage capacity of approximately 550,000 barrels from 11 tanks

• Supplied by the pipeline operated by Enterprise’s TeppcoProducts Pipeline

• Eight loading lanes with automated truck loading equipment to minimize wait time

• Average throughput of approximately ~44,400 barrels per day (1)

North Little Rock, Arkansas

Provides steady, predictable cash flow with minimal maintenance capital expenditures and fee-based revenues

___________________________1. For year ended December 31, 2014.

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

Jan

-87

Sep

-87

May

-88

Jan

-89

Sep

-89

May

-90

Jan

-91

Sep

-91

May

-92

Jan

-93

Sep

-93

May

-94

Jan

-95

Sep

-95

May

-96

Jan

-97

Sep

-97

May

-98

Jan

-99

Sep

-99

May

-00

Jan

-01

Sep

-01

May

-02

Jan

-03

Sep

-03

May

-04

Jan

-05

Sep

-05

May

-06

Jan

-07

Sep

-07

May

-08

Jan

-09

Sep

-09

May

-10

Jan

-11

Sep

-11

May

-12

Jan

-13

Sep

-13

May

-14

Avg U.S Total Gasoline Sales by Refiner YoY Change Average YoY Price Change

• Revenues driven by product throughput

• Lower commodity price stimulates demand (graph

below)

• Storage opportunity as forward curve is entering contango

• Adding butane blending at our North Little Rock facility

• Strategic relationship with national customers

Refined Products Terminals Economics

10

Overview

Gasoline Consumption Inversely Correlated to Gasoline Prices (YoY Change in Consumption vs. Price)(1)

Consistent Throughput

___________________________1. EIA Data. Final figure is for the month of December the latest available EIA data.

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14

Throughput (bbls 000s)

0

10,000

20,000

30,000

40,000

50,000

60,000

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Crude Oil Storage

11

JP Energy Partners’ crude oil storage facility is located in Cushing, Oklahoma, a key hub connecting production to the Gulf Coast

Asset Highlights

• Focused on operational storage with largest tanks in Cushing for large crude movements or storage options (~3mm barrels aggregate shell capacity)

• Inbound connections with multiple pipelines and two-way interconnections with all the major storage facilities in Cushing

• Annuity-like, stable, fee-based cash flow priced off capacity under long term contracts (~3yrs remaining)

• Expect increased demand from recent changes in crude oil spot and futures prices

• The WTI forward curve has shifted from backwardation to

contango, making it more economical to store

Recent Market Impact- Entering Contango(2)

Consistent, Fee Based Adjusted Crude Oil Storage EBITDA(1)

EIA Cushing Storage Volumes

___________________________1. 4Q14 EBITDA excluding unusual items.2. NYMEX Crude Oil WTI (CL) curve as of February 27, 2015.

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14

Unusual Items

$45$50$55$60$65$70$75$80$85$90$95

Mar

-15

Jun

-15

Sep

-15

Dec

-15

Mar

-16

Jun

-16

Sep

-16

Dec

-16

Mar

-17

Jun

-17

Sep

-17

Dec

-17

Mar

-18

Jun

-18

Sep

-18

Dec

-18

Crude Oil WTI ($/bbl) Futures Curve by Expiry Date

Current One Year Ago

NGL Distribution and Sales

12

Limited Gross Margin Seasonality (2)Overview(1)

• NGL Distribution and Sales / NGL Transportation

• Target growing demand for power generation and oilfield

service applications providing stable cash flows throughout

the year

• Fixed fee business primarily in the Eagle Ford and Permian

• Cylinder Exchange

• 3rd largest propane cylinder exchange business in the U.S.

• Established footprint in 48 states with a network of

~19,500 customer locations

• National footprint gives us capability to compete for large

volume national accounts and provide us with economies

of scale and significant cost savings

• Maintain flexible market pricing to allow for margin optimization

• Improve logistics and create synergies

• Leverage scale by using freight and supply point optimization

• Execute on organic growth by entering new major markets, and expanding customer and other strategic relationships

• Evaluation of new services / geographies

• Industrial services

• Continue to expand in the Western U.S.

Growth Opportunities NGL Operations

Cylinder Exchange Footprint

Recent Expansion

Pinnacle Location

PPE Central Ops

PPE Depots

PPE Production___________________________1. Cylinder Exchange location count of ~19,500 is as of January 31, 2015.2. Adjusted gross margin and volumes are for Pinnacle Propane and Pinnacle Propane Express and exclude JP Liquids Transportation.

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14

Propane Volume Adjusted Gross Margin

NGL Distribution and Sales Economics

13

Overview

• Two primary businesses reduce seasonality

• Propane Sales and Distribution business is winter

weighted, although decreasing seasonality due to growth

in industrial and oilfield services

• Propane Cylinder Exchange business is summer weighted

• Margins tend to expand as commodity prices fall

• Longer dated sales contracts

Limited Seasonality (1)

___________________________1. Based on adjusted gross margin for the year ended December 31, 2014. Winter includes three months ending March 31, 2014 and December 31, 2014 , and summer includes the

three months ending June 30, 2014 and September 30, 2014.2. NYMEX Propane Non-LDH Mt. Belvieu (OPIS) front month and NYMEX WTI Front Month through February 27, 2015.

Mt. Belvieu ($/gal) Correlated With NYMEX WTI ($/bbl)(2)

Winter, 54%Summer, 46%

$0

$20

$40

$60

$80

$100

$120

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

9/2

6/1

3

10

/26

/13

11

/26

/13

12

/26

/13

1/2

6/1

4

2/2

6/1

4

3/2

6/1

4

4/2

6/1

4

5/2

6/1

4

6/2

6/1

4

7/2

6/1

4

8/2

6/1

4

9/2

6/1

4

10

/26

/14

11

/26

/14

12

/26

/14

1/2

6/1

5

2/2

6/1

5

NYMEX Propane Mt. Belvieu (OPIS) WTI NYMEX

Silver Dollar Anchored by Active Producers and Provides Access to Multiple End-Markets

JP Energy Partners’ crude oil pipeline system is base loaded by two customers with over 300,000 contiguous acres in the Permian Basin

14

~5 years remaining on

minimum volume commitment

~9 years remaining with 110,000 acre

dedication

Major Customer A

Major Customer B

10 years with53,000 acreage

dedication

Major Customer C

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

26,000

4Q13 1Q14 2Q14 3Q14 4Q14

Pipeline Volumes (Barrels Per Day)

Silver Dollar Pipeline Continuing To Grow

15

Overview

• Volume growth from the core of the Permian continues in

current oil price environment

• Connection to Cline Shale immediately expanded system capacity

• Customers remain committed to developing Permian acreage

• Most stated break-evens look to be in the high $40s

• Area producers expect year over year growth despite

declining rig counts

• Substantial optionality with three connections

• Oxy Cline Shale

• Plains Owens

• Signed connection agreement for third takeaway option

• Trucking stations create synergies with Crude Oil Supply and

Logistics segment

• Increases capture area of the system

Volume Growth Accelerating

Cline Shale Connection

Silver Dollar Pipeline Reagan County Expansion

16

Project Overview

• Recently announced the expansion of the Silver Dollar pipeline

north into Reagan and Glasscock Counties

• Expansion is base loaded by a 53,000 acre 10yr dedication

• Approximately 55 miles of pipeline with expected completion date

in the second half of 2015

• Estimated capital cost of approximately $36mm

Planned Expansion

Planned Expansion

Strategic and Financial Rationale

• Strategic Rationale

• Expands the Silver Dollar Pipeline capture area into the

core of the Midland basin

• New customer opportunities

• Deploys breadth of midstream capabilities for producer

(pipeline, trucking, marketing)

• Financial Rationale

• Accretive project assuming only base load

• Additional upside from new customers

• Initially funded using revolving credit facility

17

Gathering Systems In the Lowest Cost Crude Oil Basins

Core Assets in the Permian (Silver Dollar) and Eagle Ford (Republic Midstream ROFO)(1)(2)

___________________________1. Rounded Breakeven Estimates based on UBS research dated October 14, 2014.2. JP Energy Partners has a ROFO for a 50% interest in Republic Midstream.

JP Energy Focus Areas

Stable Cash Flows

Fee Based, 48%

Fixed Margin, 10%

Variable Margin, 42%

Fee Based, 47%

Fixed Margin, 3%

Variable Margin, 49%

Stable Cash Flows

Business

19

2014 Adjusted EBITDA Mix(1)

___________________________1. Based on Adjusted EBITDA for the year ended December 31, 2014.2. Based on planned Adjusted EBITDA for the year ended December 31, 2015.

Contract Description

Crude Oil Pipelines &

Storage

• Pipeline throughput fees

• Crude Oil Storage fees

Refined Products Terminals • Throughput volume fees

Crude Oil & NGL Trucking • Fee based trucking for third parties

Fixe

d

Mar

gin NGL Fixed Margin Product

Sales

• NGL sales under fixed price contracts that are

financially hedged

Crude Oil and NGL Supply &

Logistics

• Typically back to back transactions at index-

based prices creating fee equivalent gross

margin

NGL Variable Margin

Product Sales

• NGL sales at market prices

Refined Products Sales • Product sales that vary with market prices

Fee

Bas

edV

aria

ble

Mar

gin

2015 Plan Adjusted EBITDA Mix(2)

Lease Gathering Is a “Fee-Equivalent” Activity

Essential Service Provides Durable Baseline Cash Flow in a Variety of Markets

Wellhead Price

Trucking Costs Pipeline TariffG&A Cost

Total Cost(1) Sales Price Margin

Price $52.30 $1.00 $0.50 $0.20 $54.00 $55.00 $1.00

Cost Known

Margin Locked?

NYMEX less location/ quality

differential

Projected from

historical costs

Tariff is posted

Projected from

historical costs

NYMEX price

Production Area

JPEP

Market Hub

Pipeline

Terminal

Index-Based

Margin is set at purchase through back-to-back purchase and sale transactions

+ + =+

20___________________________Note: Values provided for illustration purposes only.

Strong Equity Sponsorship

JP Energy Family Overview

22

JP Energy Partners has a strategic partnership with JP Development and Republic Midstream

JP Development

• Founded in July 2012 to support JP

Energy’s growth

• JP Development projects may be

dropped down to us

– In February 2014, we completed

our first drop down valued at

$319 million

• JP Development has extended us a

right of first offer (ROFO) for the five

year following the IPO on all of JP

Development’s current and future

assets

JP Energy Partners

• Founded in May 2010 to own,

operate, develop and acquire a

diversified portfolio of midstream

energy assets

• Operations currently consist of four

business segments:

– Crude Oil Pipelines and Storage

– Crude Oil Supply and Logistics

– Refined Products Terminals and

Storage

– NGL Distribution and Sales

Republic Midstream

• Formed with $400 million

commitment from ArcLight to

design, build and operate a crude

gathering system for Penn Virginia in

the Eagle Ford shale

– Managed by JPEP and American

Midstream

– JPEP has a ROFO for 18 months

following the IPO for a 50%

interest in the joint venture

Permian

NorthBarnett

Combo Play

Eagle Ford

MississippianLime

GraniteWash

Woodford

Woodford

Woodford-SCOOP

Management & ArcLight have created near term drop-down opportunities

Crude Oil Drop-Down Opportunities

• ArcLight has demonstrated the ability to invest broadly and profitably across the energy industry

• ArcLight has a substantial equity commitment

to JP Energy Partners / JP Development

• Right of First Offer with JP Development &

Republic Midstream

ArcLight Sponsorship

23

Great Salt Plains Pipeline• ~115 mile crude oil pipeline• Transports Mississippian Lime

supply to Cushing, Oklahoma• Ability to expand capacity from

27 Mbbls/d to 40 Mbbls/d

Red River Pipeline• ~75 mile crude oil pipeline that

transports oil from N. Texas to Garvin City, Oklahoma

• Current capacity of 5 Mbbls/d

Republic Midstream• 180-mile crude oil gathering

system in Gonzales & Lavaca

counties, Texas

• Central delivery point (“CDP”)

with storage and blending

capacity

• 30-mile takeaway pipeline

Potential Drop-Downs

Financial Strategy

Available Liquidity ($mm)(1)

Conservative Balance Sheet

25

Balance Sheet Management

___________________________1. As of February 27, 2015. Availability based on $275mm of commitments.

• Two major focuses for conservative balance sheet management

• Maintain considerable excess liquidity

• $160mm as of February 27th, 2015

• Target leverage lower than peer group

• <3.5x EBITDA target

• IPO proceeds were used to delever the balance sheet

Cost Control

• Focused on disciplined growth capital expenditures

• Spending on only the highest return and most

strategically significant projects

• Continuing to review the cost structure

• Targeting best practices

• Revisiting current processes

• Reviewing G&A expenses following acquisition activity

Credit Facility Borrowings, $107

Outstanding Letters of Credit,

$19Unrestricted

Cash, $11

Unused Credit Facility Capacity,

$149

Financial Strategy

26

Long term contracts for our crude oil pipelines

Refined products and NGL segments offer diversification in mature markets but with

considerable growth opportunities

Near-term organic growth projects already being pursued in existing businesses

Strategic drop-downs from JP Development and Republic Midstream could further

bolster growth

Remain open to acquisition opportunities that are strategic to the platform

Revolver has ~$149 million in availability

Target 3.5x leverage over the long-term

Established risk management policies and procedures to monitor and manage the

market risks associated with commodity prices, counterparty credit and interest rates

Commodity price exposure is minimized through fixed-fee contracts or margin-based

arrangements

Maintain Stable Cash Flows

Comprehensive Risk Management

Commitment to Financial Flexibility

Deliver Consistent Distribution

Growth

Summary

27

Four unique but complementary business segments connecting upstream supply to

downstream demand

Opportunity to seek further value chain integration

Diverse business mix provides natural hedge to seasonality and commodity price swings

JP Energy Partners and JP Energy Development Company have strategically developed

and acquired assets in the most profitable basins in North America

Truck locations managed dynamically to optimize returns of Crude Oil Supply and

Logistics and Crude Oil Pipelines segment

Limited direct commodity price exposure

58% fee or fixed margin planned 2015 Adjusted EBITDA

Owns over 50% of the LP units and approximately 71% of the GP

Experienced sponsor that is active in the market

Actively seeking to expand drop-down inventory

Focused on financially responsible and conservative growth and cost containment

Revolver has ~$149 million in availability

Target 3.5x leverage over the long-term

Conservative Balance Sheet

Stable Cash Flows

Diversified Business

Strategically Located Crude

Assets

Strong Equity Sponsorship

Appendix

Non-GAAP Reconciliation – Adjusted EBITDA

29

2014 2013

(in thousands)

Segment Adjusted EBITDA

Crude oil pipelines and storage 20,159$ 13,353$

Crude oil supply and logistics 9,185 14,686

Refined products terminals and storage 10,723 16,100

NGLs distribution and sales 15,525 15,518

Discontinued operations 983 2,023

Corporate and other (24,924) (27,396)

Total Adjusted EBITDA 31,651 34,284

Depreciation and amortization (42,488) (33,345)

Interest expense (9,393) (9,075)

Loss on extinguishment of debt (1,634) -

Income tax benefit (expense) (300) (208)

Loss on disposal of assets, net (1,366) (1,492)

Unit-based compensation (1,877) (948)

Total gain (loss) on commodity derivatives (13,762) 902

Net cash (receipts) payments for commodity derivatives settled during the period 1,071 209

Discontinued operations (10,591) (3,205)

Non-cash inventory LCM adjustment (222) -

Transaction costs and other non-cash items (4,112) (1,343)

Net loss (53,023)$ (14,221)$

Twelve months ended December 31,