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Enterprise Products Cuts Total 2020 Growth Capital Investments - Quick Facts

While reporting financial results for the first quarter on Tuesday, Enterprise Products Partners L.P. (EPD) said it has reduced its guidance for total 2020 growth capital investments by approximately $1 billion to a range of $2.5 billion to $3.0 billion compared to original guidance. The partnership reduced its guidance for sustaining capital expenditures for 2020 to $300 million from $400 million.

The company added that it is currently in negotiations on joint ventures, which could lead to a further reduction of capital expenditures.

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