WASHINGTON (dpa-AFX) - 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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