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Last $48.26 USD
Change Today -0.28 / -0.58%
Volume 182.7K
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

spectra energy partners lp (SEP) Snapshot

Open
$48.55
Previous Close
$48.54
Day High
$48.67
Day Low
$47.77
52 Week High
12/30/14 - $60.07
52 Week Low
07/22/15 - $44.27
Market Cap
14.5B
Average Volume 10 Days
299.6K
EPS TTM
$3.56
Shares Outstanding
295.4M
EX-Date
05/13/15
P/E TM
13.6x
Dividend
$2.40
Dividend Yield
4.83%
Current Stock Chart for SPECTRA ENERGY PARTNERS LP (SEP)

spectra energy partners lp (SEP) Related Businessweek News

No Related Businessweek News Found

spectra energy partners lp (SEP) Details

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet (Bcf) and re-gasification capability of 150 million cubic feet per day. The company also owned a 24.5% interest in the approximate 700-mile Gulfstream interstate natural gas transportation system, which extends from Pascagoula, Mississippi, and Mobile, Alabama across the Gulf of Mexico and into Florida; a 50% interest in Market Hub, which owns and operates 2 salt cavern natural gas storage facilities, the Egan storage facility with gas capacity of approximately 20 Bcf, and the Moss Bluff storage facility with working gas capacity of 15 Bcf. The company transports and stores natural gas for local gas distribution companies, municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers, and producers. Spectra Energy Partners (DE) GP, LP, operates as the general partner to Spectra Energy Partners, LP. The company is based in Houston, Texas.

spectra energy partners lp (SEP) Top Compensated Officers

Chairman of the Board of Spectra Energy Partn...
Total Annual Compensation: $1.1M
Chief Financial Officer of Spectra Energy Par...
Total Annual Compensation: $588.8K
Compensation as of Fiscal Year 2013.

spectra energy partners lp (SEP) Key Developments

Spectra Energy Partners, LP Reports Earnings Results for the First Quarter Ended March 31, 2015

Spectra Energy Partners, LP reported earnings results for the first quarter ended March 31, 2015. For the period, the company’s net income attributable to controlling interests was $293 million, compared to $242 million for the same quarter ended March 31, 2014. Operating income was $311 million, compared to $308 million for the same quarter ended March 31, 2014. Earnings before income taxes were $303 million, compared to $272 million for the same quarter ended March 31, 2014.

Spectra Energy Partners, LP Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Spectra Energy Partners, LP reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported EBITDA of $455 million, compared with $429 million in first quarter 2014. Operating Revenues were $606 million, compared with $581 million in first quarter 2014. Spectra Energy Partners reported first quarter 2015 ongoing EBITDA of $464 million, compared with $429 million in first quarter 2014. The 2015 period excludes a special item of $9 million related to an impairment of the Ozark Gas Gathering assets. Ongoing EBITDA was up almost 8% over last year's first quarter, reflecting increased earnings from expansion projects and helped by virtually no exposure to commodity price or volume fluctuations.

Spectra Energy Partners, LP Declares Quarterly Distribution Payable on May 29, 2015

Spectra Energy Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.60125 per unit, an increase of 1.25 cents over the previous level of $0.58875 per unit. The cash distribution is payable on May 29, 2015, to unitholders of record at the close of business on May 15, 2015. This quarterly cash distribution equates to $2.405 per unit on an annual basis.

 

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Industry Analysis

SEP

Industry Average

Valuation SEP Industry Range
Price/Earnings 16.5x
Price/Sales 6.2x
Price/Book 1.4x
Price/Cash Flow 12.8x
TEV/Sales 3.3x
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