Energy Transfer LP shares fall 1.54% after-hours following Q2 earnings report.

Energy Transfer LP fell 1.54% in after-hours trading, with the company announcing a positive financial investment decision (FID) for the expansion of its Transwestern Pipeline to increase the supply of natural gas to markets throughout Arizona and New Mexico from Energy Transfer’s premier asset base in the prolific Permian Basin. The Desert Southwest pipeline expansion will provide reliable economic supplies of natural gas to support the long-term energy needs for utilities and energy providers in the region driven by population growth, high-tech industry demand and data center expansion.