Energy Transfer Sees a Growth Reacceleration Ahead
Energy Transfer's (NYSE: ET) growth capital sending has fallen off a cliff in recent years. It only invested $1.9 billion last year and expects capital spending to be around $2 billion this year.
That's a lot less than the $4.9 billion it spent in 2018. Reduced capital spending is slowing its growth.
However, the company sees a reacceleration ahead. That will supply the energy midstream giant with the fuel to deliver on its plans of increasing its 9.5%-yielding distribution by 3% to 5% per year.
Source Fool.com
