JP Energy Partners LP is a midstream MLP focused on infrastructure solutions for liquid petroleum products. It has an integrated and diversified platform with stable cash flows from fee-based and margin-based operations that have low commodity price sensitivity. The company has a proven ability to complete acquisitions and develop organic projects, and sees significant growth opportunities through potential drop-downs from its affiliates and organic projects.

1. JP Energy Partners LPInvestor Presentation
November 2014

2. 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 riskfactors and other cautionary statements in the filings made by the Partnership with the Securities and Exchange Commission (the “SEC”), copies of which are availabletothe 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, whetheras a result of new information, future events or otherwise.
Forward Looking Statements
Non-GAAP Measures
Thisdocumentincludescertainnon-GAAPfinancialmeasuresasdefinedunderSECRegulationG.AreconciliationofthosemeasurestomostdirectlycomparableGAAPmeasuresisprovidedattheendofthispresentation.
AdjustedEBITDAisdefinedasnetincome(loss)plus(minus)interestexpense(income),incometaxexpense(benefit),depreciationandamortizationexpense,assetimpairments,(gains)lossesonassetsales,certainnon-cashchargessuchasnon-cashequitycompensationandnon-cashvacationexpense,non-cash(gains)lossesoncommodityderivativecontracts(total(gain)lossoncommodityderivativeslessnetcashflowassociatedwithcommodityderivativessettledduringtheperiod)andselected(gains)chargesandtransactioncoststhatareunusualornon-recurringandotherselecteditemsthatimpactcomparability.
WedefinedistributablecashflowasAdjustedEBITDAlessnetcashinterestpaid,incometaxespaidandmaintenancecapitalexpenditures.

3. JP Energy Partners LP
•Midstream MLP focused on infrastructure solutions to users of liquid petroleum products
•Integrated and diversified platform with stable cash flows
•Fee-based and margin-based business model with low commodity price sensitivity
•Proven ability to complete acquisitions and develop organic projects
•Significant growth opportunities through JP Energy family of organic projects & drop-downs
3
JP Energy Partners LP is a Master Limited Partnership founded in May 2010 to own, operate, develop and acquire a strategic portfolio of midstream assets
Strategically Located Assets in High Growth Shale Plays

4. Our Business Strategy
4
Maximize our Experienced &
Entrepreneurial
Management Team
Focus on Stable, Fee- Based Cash Flows
Grow Our Business through Organic and Drop Down Opportunities
Capitalize on Strategically Located Assets
Service our High Quality
Customer Base
Expand our Platform for Integrated
Midstream Solutions

5. Significant Platform of Services
5
Logistics solution from the wellhead to the end-user
Crude Oil
Producers Refiners
Truck
Pipeline Gathering
Injection Station Pipeline Terminal/Storage/
Exchange Location
Pipeline
Natural Gas Liquids Refined Products
Refineries
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

6. Forecasted Adjusted EBITDA(1): $67 million
6
Growing, Fee-Based Cash Flows with High Quality Customer Base
Crude Oil Pipelines & Storage
–Fixed storage & throughput or minimum volume requirement fees
–Growing volumes in the Southern Wolfcampfrom existing contractual producers with long-term fee-based commitments
–New customer acreage and MVC within JP Energy’s capture area
–Expansion of Silver Dollar Pipeline
Refined Products Terminaling& Storage
–Fixed fees for throughput & storage, blending services, injection of additives and ancillary services, including product handling and transfer services
–Rollup strategy & optimization and diluentlogistical solutions drive growth
NGL Distribution & Sales
–National cylinder exchange platform & accounts
–Increasing application with auto gas, mower gas, industrial & oilfield applications
–Recent acquisition of NGL truck services from JP Development
–Fixed fee based on distance and volume transported
Focused on Growing Fee-based Cash Flows
NGL Distribution & Sales
Refined Products Terminals & Storage
Crude Oil Supply & Logistics
Crude Oil Pipelines & Storage
___________________________
1.Forecasted Adjusted EBITDA for the twelve months ending September 30, 2015.

7.  Asset footprint in many of the most
attractive liquids basins in North America
 Near-term crude oil pipeline expansions
and organic opportunities in NGL
 Acreage dedications and minimum volume
commitments provide for built-in growth
as production increases
 Recent success in re-contracting large
customers in the cylinder exchange
business
 Potential drop-down of two pipelines
currently flowing and a third to be
constructed
 Management team has extensive
experience integrating acquisition
opportunities
 Footprint creates synergies for bolt-on
acquisitions
7
Built-in
contracted
growth
Acquisitions
from our
affiliates
Organic
Growth
Opportunities
Multiple Avenues for Growth
Acquisitions
from 3rd
parties
Platform Provides Enormous Growth Opportunities
Current MLP Assets & Drop-Downs
Eagle Ford
Shale
Mississippian
Lime
Granite
Wash
Permian
Basin
Fort Worth Basin
/ SCOOP Play
CRUDE
CRUDE
CRUDE
CRUDE
CRUDE
Shales
JPEP Footprint
Affiliated Pipelines
Silver Dollar Pipeline
Crude Storage
Refined Product Storage
Legend
NGL
NGL
NGL
NGL
NGL
Cylinder Exchange
Cylinder
Exchange
Footprint
Expansion

8. Management & ArcLight have created near term drop-down opportunities
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
–ROFO assets could increase JP Energy EBITDA by ~50%
•Right of First Offer with JP Development & Republic Midstream
–JP Development has granted JP Energy Partners a five-year right of first offer on all of its current and future assets
–ArcLightgranted JP Energy Partners an 18-month right of first offer on its 50% interest in Republic Midstream at the closing of the IPO
ArcLight Sponsorship
8
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

9. Experienced and Entrepreneurial Leadership
9
J. Patrick Barley
Chairman, President & Chief Executive Officer
Patrick (Pat) Welch
Executive Vice President & Chief Financial Officer
Jerry Ashcroft
Executive Vice President & Chief Operating Officer
•Founder, President and CEO of LonestarMidstream Partners, a midstream company focused on natural gas gathering and processing
•Brings over 15 years of experience managing early-stage investments
•10 years in midstream sector
•Senior roles at Opportune, Atlantic Power Corporation, DCP Midstream and Dynegy
•Senior Audit Manager in energy, utilities and mining practice for PricewaterhouseCoopers
•Over 24 years of energy industry finance experience
•Senior Vice President of Buckeye Partners LP and President of Buckeye Services
•Senior roles with Colonial Pipeline Company, Georgia Pacific Company and the U.S. Marine Corps

10. JP Energy Assets

11. JP Energy Family Overview
11
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 next five years 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 & Storage
–Crude Oil Supply & Logistics
–Refined Products Terminals & Storage
–NGL Distribution & 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
–Managedby JPEP and American Midstream
–JPEPhas a ROFO for the next seventeen months for a 50% interest in the joint venture

12. • Crude oil pipelines (current and future potential
drop-downs) located within high growth areas and
provide for a stable cash flow profile
– Current MLP assets include ~94 miles of high
pressure pipeline within the Southern
Wolfcamp area of the Permian Basin
– Long-term, fee-based contracts with leading
producers in the play
• Supply & Logistics business utilizes customer
relationships along with pipeline and trucking
assets to serve customers looking for the most
advantageous end-market
• Cushing storage facility located on the Enterprise
terminal with access to Seaway pipeline
– Five 600,000-barrel tanks connected to
Seaway Pipeline system
Crude Oil Assets Levered to High Growth Areas
12
Asset Overview
Operations provide JP Energy with unique insight into customer needs
Map of JPEP’s Crude Oil Operations and Drop-Downs
Eagle Ford
Shale
Mississippian
Lime
Granite
Wash
Permian
Basin
Fort Worth
Basin /
SCOOP Play
Shales
JPEP Footprint
Affiliated Pipelines
Silver Dollar Pipeline
Storage
Legend

13. Integrated Midstream Solution From Wellhead to Downstream
JP Energy offers producers a full logistical solution to integrate assets from the wellhead to downstream
13
Integrated Service Solution from Wellhead to Downstream
Wellhead
Production
Process
Service Offered
Barrel acquired at the wellhead and simultaneously sold at liquid exchange
JPEP
JPE utilizes its trucks and 3rdparties to transport crude oil
JPE utilizes its pipelines and 3rdparties to transport crude oil
•Manage the physical movement of crude oil from origination to final destination largely through our network of owned and leased assets
•JP Energy utilizes its pipelines, LACTS and terminals, fleet of 135 crude oil gathering trucks and 700 MBbls of leased storage capacity at Cushing, Oklahoma to service customers
–Majority of revenue is “fee equivalent”
•Business provides access to additional producers, market intelligence and increased utilization of our pipelines
–Catalyst for organic projects within our pipeline and storage business
JPE delivers barrels to market hub and offers storage and terminal options
Trucking
Pipeline
Market Hub/
Terminal

14. 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 significant customers with over 300,000 contiguous acres
14
SUTTON
REAGAN
IRION
CROCKETTOwens Station
Midway Station
SCHLEICHER
JPEP Line
3rdParty
Central Production Facility
Station
Magellan Longhorn
Plains Pipeline –8”
Significant contract A acreage
Significant contract B acreage
Oxy Barnhart
Station (Oxy Cline Shale Interconnect) (Plains Interconnect to Midland)
To Houston 
To Colorado City 
To Midland
~5 years remaining on
minimum volume commitment
~8 years remaining with 110,000 acre dedication
Significant Contract A
Significant Contract B

15. Lease Gathering Is a “Fee-Equivalent” Activity
Essential Service Provides Durable Baseline Cash Flow in a Variety of Markets
Wellhead Price
Trucking Costs
Pipeline Tariff
G&A Cost
Total Cost(1)
Sales Price
Margin
Price
$72.30
$1.00
$0.50
$0.20
$74.00
$75.00
$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 protected against downside, but JPEP still has upside through market optimization activities (exchanges, etc.)
+
+
=
+
15
___________________________
Note: Values provided for illustration purposes only.
Source: Plains All American Pipeline L.P. Investor Presentation.

16. Crude Oil Storage
16
JP Energy Partners’ crude oil storage facility is located in Cushing, Oklahoma, a key crossroad connecting production to the Gulf Coast
Asset Highlights
•Focused on operational storage with largest tanks for logistics solutions on large crude movements
–Five 600,000 barrel tanks connected to Seaway Pipeline system
•Aggregate shell capacity of 3 MMBblsand is situated for increasing crude oil supply from Canada and the Mid-Continent
•Inbound connections with multiple pipelines and two-way interconnections with all the other major storage facilities in Cushing
•100% of the shell capacity is dedicated to one customer under a long-term contract (~3 years remaining)
•Fixed monthly fee contract based on barrel of shell capacity, whether used or not
Cushing’s Integral Location to Producers & Refiners
Upcoming Pipelines
Current Pipelines
Cushing, OK
Legend
JPE 3MMbbls tankage
•Located in south Cushing with increased connectivity for structural players
–36” manifold

17. Refined Products Terminals & Storage Growth
•Storage capacityof approximately 770,000 barrels from 10 tanks
•Primarilysupplied 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 18,224 barrels per day (1)
Caddo Mills, Texas (Dallas)
Potential Growth Opportunities
17
•Storage capacity of approximately 550,000 barrels from 11 tanks
•Supplied by the pipeline operated by Enterprise TE Products Pipeline Company
•Eight loading lanes with automated truck loading equipment to minimize wait time
•Average throughput of approximately 45,000 barrels per day(1)
North Little Rock, Arkansas
Provides steady, predictable cash flow with minimal maintenance capital expenditures and fee-based revenues

Butane blending

VaporRecovery Unit

Ethanol side stream blending

Flexible tankagefor quick turnover of products

New unbrandedcustomers

Shale play logistical solutionfor diluent to Canada (Caddo Mills)

In tank blending (North Little Rock)
___________________________
1.For six months ended June 30, 2014.

18. NGL Distribution & Sales
18
Overview Limited Seasonality (1)
• NGL Distribution & Sales / NGL Transportation
– Target growing demand for power generation and
oilfield service application, reducing exposure to
heating degree days
– 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
over 17,700 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
• Achieve organic growth by entering new major market, and
expanding customer and other strategic relationships
• Evaluation of new services / geographies
– Oilfield & refinery services
– Continue to expand westward
Growth Opportunities NGL Operations
Cylinder Exchange Footprint
Recent
Expansion
Pinnacle Location
PPE Central Ops
PPE Depots
PPE Production
Winter, 53%
Summer,
47%
___________________________
1. Based on forecasted revenue for the twelve months ending September 30, 2015. Winter includes three months ending December 31, 2014 and March 31, 2015, and summer
includes three months ending June 30, 2015 and September 30, 2015.

19. Financial Overview

20. Financial Strategy
20
Large acreage dedications and minimum volume commitments for our crude oil pipelines
Refined products and NGL segments offer a healthy mix of assets in mature markets but with considerable growth opportunities
Conservative distribution coverage targeting 1.20x
Near-term organic growth projects already being pursued in existing businesses
Strategic drop-downs from JP Development & Republic Midstream could further bolster growth
~1.1x Debt / NTM Adjusted EBITDA creates borrowing capacity for future growth
Revolver has ~$150 million in excess capacity
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
Seek to minimize commodity price exposure through fixed-fee contracts or margin- based arrangements
Maintain Stable Cash Flows
Targeted Risk Management
Commitment to Financial Flexibility
Deliver Consistent Distribution Growth

21. Non-GAAP Reconciliation – Adjusted EBITDA
21
2014 2013
Segment Adjusted EBITDA
Crude oil pipelines and storage $ 5,301 $ 2,931
Crude oil supply and logistics 5,477 3,175
Refined products terminals and storage 2,525 3,899
NGLs distribution and sales 2,256 386
Discontinued operations (1) - 672
Corporate and other (5,966) (6,036)
Total Adjusted EBITDA 9,593 5,027
Depreciation and amortization (10,395) (7,790)
Interest expense (2,406) (2,279)
Income tax benefit (expense), net 158 (42)
Loss on disposal of assets (533) (478)
Unit-based compensation (578) (302)
Total gain (loss) on commodity derivatives (762) 1,022
Net cash payments for commodity derivatives settled during the period 105 8
Discontinued operations (1) - (736)
Transaction costs and other non-cash items (792) (67)
Net loss $ (5,610) $ (5,637)
Three months ended September 30,
(in thousands)
___________________________
1. In June 2014, we completed the sale of our crude oil logistics operations in the Bakken region of North Dakota, Montana and Wyoming.

22. Non-GAAP Reconciliation –Gross Margin to Operating Loss
22
20142013Reconciliation of adjusted gross margin to operating lossAdjusted gross marginCrude oil pipelines and storage6,501$ 3,600$ Crude oil supply and logistics8,234 6,382 Refined products terminals and storage3,573 4,664 NGL distribution and sales18,635 16,424 Total Adjusted gross margin36,943 31,070 Operating expenses(17,048) (16,510) General and administrative(11,315) (10,656) Depreciation and amortization(10,395) (7,790) Loss on disposal of assets(533) (478) Total gain (loss) on commodity derivatives(762) 1,022 105 8 Other non-cash items(357) - Operating loss(3,362)$ (3,334)$ Three Months Ended September 30, (in thousands) Net cash (receipts) payments for commodity