Energy Transfer Reduces Capex, Foresees No New Growth Projects for 2021

SUGAR LAND--May 13, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Like other midstream companies with a strong focus on oil and natural gas liquids (NGL), Energy Transfer (NYSE:ET) (Houston, Texas) has witnessed a downturn since late March, as demand has cratered and producers have cut production because of low commodity prices. The company reported a net loss of $855 million for first-quarter 2020.