Energy Transfer Could Spend Up to $5.9 Billion on Growth Capex This Year. Here's Why That Matters for Investors.
The company has big infrastructure spending plans but still says it will raise dividends by 3% to 5% annually.
Overview
Energy Transfer (NYSE: ET) is one of the largest midstream energy companies in the United States, with more than 140,000 miles of pipeline for transporting crude oil, natural gas, liquefied natural gas (LNG), natural gas liquids (NGLs), and other refined products.
The company recently upgraded its 2026 growth capital expenditure (capex) guidance to $5.5 billion to $5.9 billion, up from an initial estimate of $5 billion to $5.5 billion, demonstrating its shift to a cycle of growth.
For income and growth investors, this elevated spending level carries several critical implications.
Details
Source
Originally published at www.fool.com.
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