Gasoline distributor Sunoco LP is the latest energy-related company to reduce capital growth expenditures and operating costs in an effort to stay afloat during a volatile time in the energy sector.
Sunoco (NYSE: SUN) is reducing capital expenditures by more than 40 percent to approximately $75 million, according to a release from the company. The Dallas-based company will decrease maintenance capital expenditures to $30 million from previous guidance of $45 million as well as reducing operating…