Premium Industrial NewsEnergy Transfer Reduces Capex, Foresees No New Growth Projects for 2021
Energy Transfer Reduces Capex, Foresees No New Growth Projects for 2021
Industry Segment: Production | Word Count: 888 Words
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.
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